HAI-O Energy Sdn Bhd, the technology unit of Hai-O Group, is looking at the potential of power generation business with its latest finding on heat transfer technology.
Its managing director Ng Lip Yong said to further develop the finding, the firm has teamed up with China's Institute of Engineering Thermophysics (IET) from the Chinese Academy of Sciences.
The two parties will establish a Joint Laboratory on Innovative High Intensity Heat Transfer Technology, he said.
"We will be contributing RMB800,000 annually. It's a small sum but we are depending on them to create the theory for us," Ng said.
"We are also working with the IET to develop new applications from this and have identified several projects," he said after a signing ceremony between Hai-O Energy and IET in Kuala Lumpur today.
Present at the event were Minister in the Prime Minister's Department, Tan Sri Koh Tsu Koon, and former science, technology and environment minister, Datuk Seri Law Hieng Ding.
Ng said Hai-O Energy's technical director Suvit Lee had discovered the fourth phenomenon of heat transfer, which could ultimately be used for solar heating and air-conditioning systems, LED (light-emitting diode) streetlights and other applications.
"This is suitable for small areas which have high intensity heat such as laptops and air-conditioners," he said.
The other three conventional methods of heat transfer are through convection, conduction and radiation.
Ng said Hai-O Energy had initially invested RM2.8 million as a start-up to set up the technology unit but hoped to get the government's support in developing this area.
"Hai-O as a group has been doing well financially. So we are looking to diversify from health products and we see the potential in this," he said.
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