Femto to supply fuel-saving product to SMRT
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MAINBOARD-LISTED Acma's 20 per cent owned associate Femto will from this month supply SMRT with Femto's proprietary fuel-saving product known as FLO+. This will be used for up to 500 SMRT buses for the next three years.
In a statement yesterday, Acma said Femto was also exploring similar business opportunities with other local transport and logistics providers.
The agreement with SMRT was signed by Femto's Singapore authorised distributor Enermax Pte Ltd, a company wholly owned by Christopher Quek and Quek Mei Hsien, respectively the son and daughter of Acma's executive chairman and controlling shareholder Quek Sim Pin.
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