RedPlanet Berhad: Mapping Grids, Patents And LRT Safety Systems

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RedPlanet Berhad straddles two unusual businesses: mapping electrical grids for utility companies, and holding the patent on Malaysia's Platform Intrusion Emergency Stop System, which halts LRT trains when something falls onto the tracks. The company recently moved from the LEAP market to ACE, raising RM13.3 million at RM0.19 a share, an offer oversubscribed 85 times. Its order book stands at roughly RM52 million, while managing director Lian Wah Seng estimates the addressable market at over…