page_title: Teras Teknologi
section_title: 2005–2008: Rebound
hierarchical_section_title: Teras Teknologi / History / 2005–2008: Rebound
caption_attribution_description: Toll Booths at Sungai Besi, Kuala Lumpur, at end of South section of North-South Expressway, Malaysia.
context_page_description: Teras Teknologi Sdn Bhd, a subsidiary of PLUS Malaysia Berhad, 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.
  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.
context_section_description: The Malaysia's economy pick-up during the period has benefited TERAS with an average of 20% annual business growth.
  The Minister of Works, Samy Vellu directive of compulsory minimum 2 Touch 'n Go lanes and 1 SmartTAG lane at all existing and new toll plazas to facilitate highway users ease of travel has positioned TERAS at a higher value.
  Previously deferred highway construction projects also began in earnest. New Pantai Expressway (NPE), Maju Expressway (MEX), Stormwater Management and Road Tunnel (SMART), Duta–Ulu Klang Expressway (DUKE) and Butterworth Outer Ring Road (BORR) resumed and placed their ETC installation orders with TERAS whilst NSE called for third-lanes widening projects, toll plazas relocation and lanes upgrade, further contributed positively to TERAS.
  With the realisation of the need to ensure sustainable growth, TERAS consolidated its business activities into three major segments; Transportation, Property and eBusiness.
  TERAS first foray into property segment technology development was the implementation of resident/visitor integrated manual; Touch n' Go and SmartTAG access with security surveillance at Ledang Heights housing development, Nusajaya in 2005.
  The property business segment secured a major US$2.2 million project of Integrated Building Management System with integration of Audio-visual, parking, security access, visitor management and facilities command center of 29-storey commercial office building at KL Sentral Business District, Kuala Lumpur in 2008.
  Expanding out from ETC in transportation market, TERAS began development in Traffic Control and Surveillance System (TCSS) and scored major contract worth US$2.7 million with NSE for the setup of NSE Nationwide Traffic Monitoring Center (TMC) at Persada PLUS in 2008.
  International market penetration was marked by TERAS completed the delivery and installation of ETC works for Bhiwandi–Kalyan–Shil Phata Road in India worth US$1.4 million in 2008. Similar planned project in Sri Lanka was however shelved.
  By end 2008, TERAS effectively controlled 71% of ETC market share in Malaysia with over 1,200 cash highway lanes, 418 Touch n Go lanes, 198 SmartTAG lanes, 90 parking lanes, over 300 access control doors and 1,500 surveillance cameras installed
  For the period of 1994–2008, TERAS has delivered a total contract worth US$160 million in 4 countries.
  For financial year 2008 (audited in March 2009), TERAS recorded US$17 million revenue realised from US$36 million book order achieved.
caption: Configuration of typical electronic toll collection system at toll plazas as provided by TERAS in Malaysian Highways.
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