SUBJECT: MEMORANDUM OF UNDERSTANDING FOR EXCLUSIVE NATIONAL DISTRIBUTORSHIP BETWEEN INSIGHTS ANALYTICS BERHAD AND PIPELINE INSPECTION AND ASSESSMENT PTY LTD
1. Introduction
Insights Analytics Berhad ("IAB" or "the Company") is pleased to announce that the Company has entered into a Memorandum of Understanding for Exclusive National Distributorship ("MOU") with Pipeline Inspection and Assessment Pty Ltd ("PIA") on 29 June 2026 ("Effective Date").
2. Information on PIA
PIA (Australian Company No. 151 465 986) is a company incorporated in Australia, and its principal activity is the provision of pipeline inspection, condition assessment, and water loss management solutions, supported by proprietary technologies including the p-CAT suite, serving water and wastewater utilities and pipeline-reliant industries internationally.
3. Details of the MOU
Pursuant to the MOU, PIA grants IAB the exclusive right to represent, market, distribute, deploy, and commercialise PIA's products, technologies, and solutions throughout Malaysia and across all industry sectors, as described below.
3.1 Territory and Scope of Exclusivity
The Exclusive National Distributorship granted under the MOU covers the following:
(a). Territory: The entire geographical territory of Malaysia, including all states and federal territories.
(b). Sectors: All industries without limitation, including but not limited to water utilities, oil and gas, smart cities and infrastructure, construction, healthcare, and property development.
(c). Scope: The scope of exclusivity encompasses the marketing, promotion, distribution, deployment, integration, and support of PIA's products, technologies, solutions, and services within Malaysia.
3.2 Distribution Agreement
The MOU sets out the shared intent of the Parties to formalise a Distribution Agreement which shall govern the Exclusive National Distributorship. The Parties shall work in good faith to negotiate and execute the Distribution Agreement within a reasonable time following the Effective Date.
3.3 Validity of the Memorandum of Understanding ("MOU")
(a). The MOU shall remain in force from the Effective Date until the earlier of:
(b). The execution of the Distribution Agreement; or
(c). Termination pursuant to the termination provisions of the MOU.
Either Party may terminate the MOU by providing not less than thirty (30) days' written notice to the other Party. The MOU shall be governed by and construed in accordance with the laws of Malaysia.
4. Rationale
IAB, together with its affiliates and subsidiaries including Insights Analytics Technologies Sdn Bhd (formerly known as Exxor Technologies Sdn Bhd), is engaged in the provision of water technology solutions and intelligent asset management solutions, including pipeline condition assessment, advanced leak monitoring, smart metering, smart water management system, digital twin, and related technology services. The Exclusive National Distributorship with PIA enables IAB to represent, market, and distribute PIA's pipeline inspection and condition assessment solutions, which include the p-CAT suite of proprietary technologies, throughout Malaysia and across all industry sectors.
5. Risk Factors
The MOU is subject to certain risks, including but not limited to:
(a). Legal Validity Risks
If any term or provision of the MOU is found to be invalid or illegal, the remaining clauses will not be affected. However, there is a risk that invalid provisions may need to be replaced, potentially altering the original intentions of the agreement.
(b). Superseding Agreement Risks
The MOU represents the entire understanding between the Parties in relation to its subject matter. Any future amendments or new agreements may supersede or modify the terms of the current MOU, which could impact the direction or execution of the Exclusive National Distributorship.
(c). Amendment Risks
Any amendments or revisions to the MOU must be made by mutual agreement, in writing, and duly executed by authorised representatives of both Parties. There is a risk that any delay in finalising such amendments could impact the ongoing progress of the Exclusive National Distributorship.
These factors could potentially affect the successful implementation of the Exclusive National Distributorship, and both Parties will work to mitigate any associated risks.
6. Financial Effects
The MOU is not expected to have any immediate material effect on the earnings, net assets or gearing of the Company for the current financial year.
7. Directors' Statement
The Board of Directors of IAB believes that this MOU aligns with the Company's growth strategies and is in the best interest of the Company.
8. Interest of Directors' and Major Shareholders' and/or Persons Connected with Them
None of the Directors, major shareholders of IAB, or persons connected to them have any interest, direct or indirect, in PIA.
9. Approvals Required
This Exclusive National Distributorship is not subject to the approval from the Company's shareholders and/or any regulatory authorities.
This announcement is dated 29 June 2026.
M & A Securities Sdn Bhd ("M&A"), being the Sponsor, was responsible for the admission of Insights Analytics Berhad to the ACE Market of Bursa Malaysia Securities Berhad on 27 October 2025. M&A assumes no responsibility for the contents of this announcement.