Sagtec Global Limited (Nasdaq: SAGT) Successfully Deployed the First Batch of Speed+ Smart Cloud Ordering Software Licenses to Indonesia Sole Distributor

Rhea-AI Summary

Sagtec Global (NASDAQ: SAGT) has successfully deployed its first batch of Speed+ Smart Cloud Ordering Software licenses to its Indonesia Sole Distributor, marking its operational launch in the Indonesian market. This deployment is part of the company's strategic expansion across Southeast Asia.

The Speed+ system is a cloud-based ordering solution for food and retail businesses, featuring real-time order tracking, digital menus, integrated payment systems, and performance analytics. The software supports multi-device connectivity and is customizable for various business sizes, from small outlets to multi-location chains.

This market entry is strategically timed, as Indonesia's digital economy is projected to reach US$60 billion by 2030, with the region's cloud-based POS market growing at nearly 20% CAGR. The company plans to monitor local feedback, enhance support infrastructure, and expand its presence in the coming months.

Positive

• First successful market entry into Indonesia, expanding Southeast Asian presence
• Targeting high-growth market with digital economy projected at US$60 billion by 2030
• Cloud-based POS market growing at 20% CAGR in the region

Negative

• Initial deployment to first batch only, indicating early stage of market penetration
• Success in Indonesian market dependent on local feedback and adoption rates

KUALA LUMPUR, Malaysia, April 16, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions, announced today the successful deployment of the first batch of its Speed+ Smart Cloud Ordering Software licenses to Indonesia Sole Distributor, marking the Company’s official operational launch in the market.

This shipment signifies the commencement of Sagtec’s rollout in Indonesia following the Company’s strategic push to expand its presence across Southeast Asia. The Speed+ system — a cloud-based ordering solution designed to digitalize operations for food and retail businesses — is set to empower businesses with tools for real-time order tracking, digital menus, integrated payment systems, and performance analytics.

“The delivery of our first Speed+ licenses into Indonesia represents a strong validation of our product and regional strategy,” said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec. “As digitalization accelerates across Asia, we are committed to providing high-impact solutions that help businesses stay agile, competitive, and efficient.”

Speed+ is targeted at restaurants, cafés, and retail chains looking to optimize workflows, improve customer satisfaction, and increase order accuracy. It supports multi-device connectivity and can be customized to suit various operational sizes, from small outlets to multi-location chains.

With Indonesia’s digital economy forecasted to reach US$60 billion by 2030, and the region’s cloud-based POS market growing at nearly 20% CAGR, this initial shipment lays the groundwork for long-term growth and adoption. Sagtec will continue to monitor local feedback, enhance its support infrastructure, and expand outreach to drive further deployments in the months ahead.

About Sagtec Global Limited

Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries, including Key Opinion Leaders (KOLs).

For more information on the Company, please log on to https://www.sagtec-global.com/.

Contact Information:

Sagtec Global Limited Contact:
Ng Chen Lok
Chairman, Executive Director & Chief Executive Officer
Telephone +6011-6217 3661  
Email: info@sagtec-global.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/6da26f12-a824-4ec5-aa5c-1bfe44174c10

https://www.globenewswire.com/NewsRoom/AttachmentNg/3a80cea3-9455-458c-bd77-aaccfde3aa17

FAQ

What is the market potential for SAGT's Speed+ software in Indonesia?

Indonesia's digital economy is projected to reach US$60 billion by 2030, with the cloud-based POS market growing at nearly 20% CAGR, presenting significant growth opportunities.

What features does SAGT's Speed+ Smart Cloud Ordering Software offer?

Speed+ offers real-time order tracking, digital menus, integrated payment systems, performance analytics, and multi-device connectivity for food and retail businesses.

How is SAGT planning to expand its presence in Indonesia?

SAGT will monitor local feedback, enhance support infrastructure, and expand outreach to drive further deployments in the coming months.

What types of businesses can use SAGT's Speed+ software?

Speed+ is designed for restaurants, cafés, and retail chains of various sizes, from small outlets to multi-location chains.