Source - LSE Regulatory
RNS Number : 1596E
GSTechnologies Ltd
04 November 2020
 

4 November 2020

 

GSTechnologies Limited

 

("GST" or the "Company")

 

EMS awarded Singapore Government Grant for new Data Centre cooling technology

GSTechnologies Limited (LSE: GST), the integrated information and communication technology infrastructure solutions provider, is pleased to announce that its wholly owned Singapore based subsidiary, EMS Wiring Systems Pte Ltd ("EMS"), has obtained a grant valued at approximately US$200,000 from Enterprise Singapore, to develop a prototype liquid film cooling system for use in data centres. The entire development is valued at approximately US$1 million and will take about 12-18 months to complete.

The liquid cooled method being utilised by EMS uses 3M Novec engineered fluids to cool server equipment that is housed in a custom-engineered chassis.  The liquid-cooling solution uses significantly less energy than an air-cooled system, by as much as 60%, in a typical data centre setting.  This will allow for significant cost savings, particularly for large scale data centres.  EMS will be targeting this solution towards data center operators, cloud operators, governments and large enterprises who spend a significant amount on energy for such infrastructure.

In Southeast Asia, in particular, due to the high ambient temperatures, significant issues are faced in providing air cooling for servers.  Switching to a liquid cooled method eliminates the need for large and expensive chillers and reduces the amount of associated equipment, space and power required, while still providing more flexibility for housing the servers either inside or outside the conventional white space.  By using EMS' liquid cooling method the Company believes it can help businesses manage the total cost of data centre and computing asset ownership by reducing the cost to provide and maintain a high degree of cooling efficiency.

Garies Chong, Chief Executive Officer of GST, commented: "EMS is transforming from a 'wire' based bricks-and-mortar business to a high-end service based business.  The focus is on infrastructure as a service (IaaS), providing computing services and resources to enterprises, as well as cloud service providers, such as data centres.  As a service based business, we can supply a wide variety of customers from OEMs to server vendors. In particular, the award of this grant will enable us to rapidly progress our prototype liquid cooling solution.  Once commercialised we believe this solution will be attractive to both new and existing data centre operators and EMS is well placed to provide both the solution, together with ongoing service, maintenance and training support."

Enquiries:

The Company

 

 

Tone Goh, Executive Chairman

Singapore

+65 6444 2988

Financial PR & Investor Relations

IFC Advisory Limited

 

 

Tim Metcalfe / Graham Herring / Florence Chandler

London

+44 20 3934 6630

About GST

GST provides optimal wireless, electronic cabling, security, and other solutions to clients operating in the infrastructure development space. GST builds on the profitable ICT business of its Singaporean subsidiary EMS Wiring Systems, which has been supplying governments and large private organisations with intelligent building solutions for the last 30 years. GST's strategy is to develop solutions to meet the needs of the ICT industry, acting on the surging opportunities in the technology and innovation sectors - data centres, intelligent buildings, smart cities and the Internet of Things - particularly targeting emerging markets where the demand for ICT infrastructure is increasing rapidly.

For more information please see: https://gstechnologies.co.uk/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCKKNBNFBDDPDK
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.