PTT Plc and Plug and Play Announce Strategic Partnership to transform Thailand

PTT Plc and Plug and Play Announce Strategic Partnership to transform Thailand

Latest Update September 11, 2020
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PTT Public Company Limited has announced a strategic partnership with Plug and Play Tech Center, the world's largest corporate innovation platform headquartered in Silicon Valley, with the intention of raising national competitiveness and transform Thailand through digital transformation under PTT's Powering Thailand's Transformation initiative.

Through this partnership, PTT hopes to create an international Innovation Ecosystem to become more than just a manufacturer and distributor. To this end, it hopes to attract potential partners such as large firms and tech start-ups globally through Plug and Play as an accelerator platform to drive its business.

By working with Plug and Play, PTT will have more partnership channels and earn more recognition. This will enable the company to establish direct contact with tech companies. Moreover, data obtained from different start-ups and firms can be invaluable for PTT itself in extending the company's s-curve with its ExpresSo team. Expert at innovation and tech business, PTT ExpresSo has a firm hold on three blueprints including:

  1. New Energy is the idea of building a business with alternative energy for sustainability and energy security by adopting technology for effective maintenance of solar cells for example. 
  2. New Mobility is the notion of improving domestic transport systems to reduce pollution for better quality of life for people, including battery production for electric cars. 
  3. New Industry is the concept of driving Thailand's capacity to compete under Industry 4.0 management and maintain national economic security such as artificial intelligence (AI) systems for factories.