US firms seek Malaysian partners

New York-based Rainfall Capital, a global investment management firm and Mechanical Energy Solutions (MES), are looking
for potential Malaysian partners to market water chiller technology in Asia.

Rainfall
Capital managing director, Jamiel Sheikh said: "We are currently
evaluating market feasibility and developing a distribution strategy for
the region."

Rainfall Capital has invested in MES, which is
bringing in Optimum Energy HVAC technology into Asia, after successfully
delivering implementations in the United States.

MES was
founded to supply energy efficiency services to the building sector and
recently completed the first phase of implementation at the New York
Mercantile Exchange.






Jamiel said Rainfall Capital is providing strategic guidance to MES for the entry into the Asian market.

Meanwhile,
MES chief executive officer, Shafiq Yasin said: "We are bringing the
best of water chiller technology from the United States to Asia.

"With
over 150 large-scale implementations, most of our customers are saving
between 30-60 per cent on their water chiller utility bills, and demand
for our product and services is growing rapidly."

MES is
currently working with electronics company LG, to deploy this solution
and reduce energy bills by more than 30 per cent in two of its factories
in South Korea, as a reference implementation.

MES has an agreement with a local Korean company that does the installation.


MES provides project oversight, technical oversight and resale of the software.

Jamiel disclosed that Rainfall Capital and MES are looking to replicate this model across Asia, including in Malaysia.

Rainfall
Capital offers a range of value-based investment strategies, including
global public equity, private equity, venture capital, and commodities
for institutional and private investors around the world.

It has over 15 years of experience across real estate, venture and trading and expertise in emerging Asian markets. -- BERNAMA