Kuala Lumpur, Malaysia / Istanbul, Turkey – Favoriot Sdn Bhd, a leading IoT platform provider based in Malaysia, and Mitrona Elektronik ve Yazılım Teknolojileri A.Ş., a prominent Turkish technology company, have officially signed a Memorandum of Understanding (MoU) to collaborate on the development and commercialisation of IoT-based solutions.
The MoU, signed on 26 May 2025, marks the beginning of a strategic partnership between the two companies to combine their strengths in IoT platform technology, embedded systems, and end-to-end solution development. Both parties will jointly explore business opportunities across Southeast Asia, the Middle East, and Europe, with the aim to co-develop smart applications for sectors including manufacturing, energy, smart cities, and healthcare.
Dr. Mazlan Abbas, CEO of Favoriot, stated,
“This partnership aligns with our mission to democratise IoT and bring smarter solutions to global markets. Mitrona’s expertise in hardware and embedded systems complements our IoT platform capabilities perfectly.”
The agreement outlines cooperation in areas such as:
- Joint R&D projects combining software, hardware, and IoT cloud infrastructure
- Co-marketing and technology integration initiatives
- Cross-border market expansion and localisation strategies
This collaboration is a significant step toward fostering stronger tech ecosystems between Malaysia and Turkey, promoting knowledge exchange, and empowering local industries with accessible and scalable IoT technologies.
About FAVORIOT Favoriot is a Malaysian-based IoT platform company that enables developers, startups, and enterprises to build and scale IoT solutions efficiently. The platform offers real-time data ingestion, analytics, and visualisation tools to support smart applications across multiple industries.
About Mitrona Mitrona Elektronik ve Yazılım Teknolojileri A.Ş., headquartered in Teknopark Istanbul, specialises in advanced electronics, embedded systems, and software technologies. It serves sectors such as defence, automotive, energy, and healthcare, delivering high-quality design, development, and production services.
For media enquiries, please contact: FAVORIOT Email: info@favoriot.com Website: www.favoriot.com
MITRONA Email: info@mitrona.com.tr Website: www.mitrona.com.tr