Frasers Property Industrial (Thailand) Joins Forces With Tencent Cloud To Enable AI-Driven Industrial & Logistics Platform

• Leading industrial property developer, Frasers Property Industrial (Thailand) deploys new PropTech services at its logistics parks, in line with the national strategy to drive Thailand Industry 4.0 and meet increasing demand for smart, sustainable solutions.
• Committed to providing best-in-class products and services for its customers, FPIT continues to invest its digital infrastructure and technologies. The Company will use the Platform to uplift its property management capabilities while ensuring the best experiences for the customers.
• FPIT places confidence in Tencent Cloud to be its partner in leveraging value-added services deploying artificial intelligence (AI) and cloud computing.
• The AI Industrial & Logistics Platform aims to improve the quality of life at every deployed site by enhancing the security standard and monitoring environmental indicators such as gas emissions, energy consumption, etc. It is now deployed at FPIT’s logistics parks in various locations including the Eastern Economic Corridor (EEC) area.

BANGKOK, 10 SEPTEMBER 2021

Frasers Property Industrial (Thailand) Company Limited ("FPIT"), Thailand's leading industrial property developer and wholly-owned subsidiary of Frasers Property (Thailand) Public Company Limited (FPT), reveals its recent technological advancement, the AI-Driven Industrial & Logistics Platform, providing smart and sustainable solutions at logistics parks to deliver its commitment in offering best-in-class products and services to every customer.

As an industry leader for over three decades, FPIT has been constantly evolving and digital technology adoption has been one of the key areas the Company has embraced in order to provide comprehensive services. With the new AI and IoT technologies that become increasingly useful for industrial uses, FPIT has planned to further invest to elevate standards and practices in the industry by opting for enhanced and reliable systems operated by AI.

To drive the success of the AI-Driven Industrial & Logistics Platform, FPIT has joined forces with Tencent Cloud, the cloud business of Tencent (Thailand) Company Limited, a leading provider of entertainment platforms and world-class technology solutions. Tencent Cloud will enable FPIT to fully optimize the use of AI and cloud services in this initiative.

With cutting-edge technology readiness, FPIT is able to utilize computer vision, geofencing technology, drone inspection, and machine learning to serve and protect the properties as well as customers with global-standard services as well as environmental monitoring systems to ensure sustainable practices. For example, customers will benefit from convenient yet reliable security checks for vehicles. On top of that, customers will enjoy a high-quality monitoring system on gas emissions, energy consumption, etc.

At present, the Platform is being used across 80% of logistics parks managed by FPIT. The Company aims to roll out the AI technology to all its logistics parks in the near future with S-curve industries being high on the agenda.

Mr. Sopon Racharaksa, Chief Executive Officer of Frasers Property Industrial (Thailand), said: "This collaboration with Tencent Cloud will enable our logistics parks to become 'Smart & Sustainable Logistics Parks' of a global standard. We are the first in the industry to develop the AI-driven logistics parks. Aligned with the country’s Industry 4.0 plan to power the economy with smart digital technology, the deployment of this technology will transform our logistics parks into AI-enabled properties that provide an enhanced level of security for our customers. Meanwhile, air pollution can be monitored and minimized to support the sustainability of the logistics industry.”

Mr. Chang Foo, Chief Operating Officer of Tencent (Thailand), said: "The collaboration with FPIT is another major milestone for our business. This opportunity allows us to utilize Tencent Cloud's intelligent technologies and solutions to support the AI-driven Platform. Tencent Cloud is a recognized leading provider of high-performance, secure and stable cloud products and service. Together with our Thai-based service support team and in-country data centres for fast and secure data handling, we are confident that Tencent Cloud will support FPIT in maximizing its property management capabilities and delivering global standard services for their customers."