Teras Teknologi

Teras Teknologi Sdn Bhd

Type	Sendirian Berhad / corporation
Industry	Technology
Founded	September 1994
Headquarters	Persada PLUS, Subang Interchange, New Klang Valley Expressway, Petaling Jaya, Selangor, Malaysia
Area served	Technology services in: Malaysia Philippines India Indonesia
Key people	YBhg Dato' Noorizah Hj Abd Hamid, Chairman & Director Ir. Abdul Rahim Seliman, chief operating officer (COO)
Products	Electronic Toll Collection Traffic Control Access Control
Revenue	USD17 million (FY2008)
Number of employees	167
Parent	PLUS Expressways
Website	www.teras.com.my

YBhg Dato' Noorizah Hj Abd Hamid, Chairman & Director

Teras Teknologi Sdn Bhd (TERAS), a subsidiary of PLUS Malaysia Berhad (PMB), is a Malaysian global corporation based in Petaling Jaya.

TERAS is the creator, developer, and leading system integrator of Touch n Go and SmartTAG in multiple platform technology widely used throughout Malaysia as highway, parking and public transportation payments, and access control system by over 6 million users (in June 2009).

With 1,800 toll lanes committed to date, TERAS is the leading provider of Electronic Toll Collection system in South East Asia and control over 70% market share in Malaysia. TERAS now diversified its technology capabilities into transportation and property market.

TERAS was formed on 15 September 1994 by Renong Berhad to address the urgent needs of providing cost-effective, reliable and locally supported Electronic Toll Collection (ETC) as the outcome of Malaysia's large-scale program of public enterprises privatization outlined in Privatization Masterplan (PMP) in 1991. The program had enabled the imposition of tolls on roads previously built by the Public Works Ministry or the Malaysian Highway Authority (Lembaga Lebuhraya Malaysia, or LLM).

Following the incorporation of TERAS, Abd Karim Hercus who was instrumental in setting up Electronic Data Processing Department of Projek Lebuhraya Utara-Selatan (PLUS) was appointed as the first managing director. This in turn enabled PLUS TAG, predecessor of SmartTAG and South East Asia first ETC to be immediately developed through technical collaboration with Mitsubishi Electric Corporation of Japan and PLUS.