44 DATASONIC GROUP BERHAD PERSPECTIVE 03 0MANAGEMENT DISCUSSION & ANALYSIS MyKad Orders Gaining Healthy Traction Meanwhile, while the demand for MyKad has been picking up in FY2023 but it remained below the annual demand prior to the pandemic, indicating the backlog is high. In anticipation, Datasonic has been readying ourselves to accommodate any surge in orders especially given the current situation regarding chips. Rollout of i-Kad Having secured the i-Kad project in FY2023, Datasonic has been laying the groundwork. With our machines up and running and deployment is scheduled to commence in July 2023. For a start, our target is to meet all the backlog in a timely manner. Given the high number of foreign workers in Malaysia, swift delivery is critical as part of our national security. Moreover, the enforcement application was successfully developed by our in-house R&D team in accordance with Government’s procedures. Additionally, the i-Kad project also opens up more opportunities for us to explore and market various other solutions and services in. Opportunities in Malaysia’s Digitalisation Journey The global and local digital transformation have been growing at a rapid pace. For Malaysia, the National Council of Digital Economy and Fourth Industrial Revolution (“MED4IR”) has been the platform to plan and implement digital economy initiatives at the state and federal levels to be coordinated more systematically and aligned with the Malaysia Digital Economy Blueprint (“MyDIGITAL”) and the National Fourth Industrial Revolution (4IR) Policy. Therefore, this presents vast opportunities as our nation progress on the digitalisation journey. Given our proven track record, strong in-house R&D capabilities and participation in national critical projects, we believe we can play a role in this journey and to continue serving our country with pride. Closing Remarks On balance, we have charted a strong recovery from the pandemic-induced downturn and turned a new page for Datasonic. Premised upon our strategic plans and healthy order book, the outlook continues to be bright as we charge forward towards a new chapter of growth for Datasonic.
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