Investment Thesis

Three converging tailwinds. One precision floor.

National policy, sectoral demand, and operational discipline are aligning at the same shop floor in Kelantan.

Thesis 01Hydrogen Economy

National policy alignment

HETR 2030 + sovereign capability

Malaysia's Hydrogen Economy Roadmap 2030 needs domestic manufacturers to be real. Limpahan shipped Malaysia's first — and second — 1 MW PEM electrolyzer, has built two HyPEReactor deployments for NanoMalaysia, and runs a 6-phase plan from plates today to global hydrogen generation export by 2030.

Thesis 02Aerospace Onshoring

UKAS AS9100D unlocks tier-1 supply

Airbus + ATR + defense work

UKAS-accredited AS9100D (SIRIM cert 0074) places Limpahan in the global aerospace supplier list. Active programmes with Airbus and ATR. A Mazak 5-axis multi-tasking machine is the East Coast's anchor 5-axis envelope — with 4 more 5-axis machines arriving Q3 2026.

Thesis 03Capacity Multiplier

Aerospace + automation in 12 months

1 → 5 simultaneous 5-axis envelopes

Q3 2026: 2× Okuma V-series + 2× Brother SPEEDIO 5-axis machines + KUKA KR 10 robotics. Q1 2027: Heller pallet automation. The aerospace floor moves from one-off precision to high-mix, high-volume, lights-out 5-axis production.

Capacity Step-Change

Q3 2026: from one 5-axis envelope to five.

The single biggest production-capacity jump in Limpahan's history — backed by an active MIDA Smart Automation Grant (May 2024) and aligned with the AS9100D aerospace pursuit.

Capacity Multiplier · Q3 2026

5x simultaneous 5-axis machining envelopes. Plus first robotic cell. Plus pallet automation by Q1 2027 — full lights-out aerospace production.

Q3 2026 · ×2
Okuma V-Series 5-axis

Aerospace-grade simultaneous 5-axis envelopes — doubles current capacity.

Q3 2026 · ×2
Brother SPEEDIO 5-axis

High-speed compact 5-axis for high-mix semiconductor + medical lots.

Q3 2026 · ×1
KUKA KR 10 Robotics

Articulated industrial robot for material handling and machine tending.

Q1 2027 · ×1
Heller Pallet Automation

Continuous-production pallet line — lights-out throughput.

Government Backing

Recognized, certified, tax-exempted.

Material government recognition across investment authority, science ministry, and standards body. The Pioneer Status alone represents a 5-year corporate income tax exemption.

Aug 2023
MIDA Pioneer Status
5-year corporate income tax exemption. Granted to high-tech manufacturers contributing to national priorities — Limpahan's hydrogen and aerospace work qualified.
May 2024
MIDA Smart Automation Grant
Government grant funding the 2026 5-axis + robotics + pallet automation expansion. Part of Malaysia's Industry 4.0 mandate.
Sep 2022
MIDA Exempted Manufacturing License
License covering Limpahan's manufacturing operations across precision components and hydrogen subsystems.
2024
UKAS AS9100D · SIRIM 0074
UKAS-accredited aerospace quality management certification. Unlocks supply contracts with Airbus, ATR, and tier-1 aerospace primes.
2025
ISO 9001 / 14001 / 45001 (IMS)
Integrated management system covering quality, environmental, and occupational health & safety. IQNET-recognized via SIRIM QAS.
2025
NanoMalaysia HyPEReactor partnership
Total development of DfM, DfC, and product design for hydrogen reactor commercialization. Two field deployments at Pos Tibang and Kg Tekam.
2020
PETRONAS Vendor License (202001014878)
Approved vendor for in-situ machining, threading, and fabrication services across PETRONAS operating units.
Forward Plan

Six phases. Plates to global hydrogen export.

The Green Hydrogen 10-Year Plan is both capability roadmap and investment thesis. Phase by phase, Limpahan moves up the value chain — from machining electrolyzer plates today to exporting full hydrogen generation systems by 2030.

Phase 01
2022 – 2023
Plates Machining

PEMEL plates machined on the Kelantan floor.

Phase 02
2024 – 2025
Localization of Plates Coating

Domestic platinum coating — eliminates imported coating dependency.

Phase 03
2024 – 2026
Electrolyzer Assembly (PEM & AEM)

Full stack assembly of both proton and anion exchange platforms.

Phase 04
2025 – 2027
Membrane Electrode Assembly

In-house MEA production — the catalytic core of every cell.

Phase 05
2028 – 2029
HGN — Local

Turn-key hydrogen generation systems for Malaysian off-takers.

Phase 06
2029 – 2030
HGN — Global

Export-ready hydrogen generation systems — regional exporter.

IR Contact

Direct line to the Managing Director.

Investor enquiries, due diligence requests, partnership discussions, and government / GLC engagements are handled directly by Mr. Kamarul Hafiz Bin Mohamed.

Investor Enquiries

For due-diligence, partnership, or sovereign-fund engagement, reach Limpahan's MD directly.

Limpahan does not currently issue audited public reports. Material commercial and financial information is shared under NDA on a per-engagement basis. The fastest path is a direct call or email to the MD — he handles all early-stage IR conversations himself.

ContactKamarul Hafiz Bin Mohamed RoleManaging Director Phone+6013-980 8998 EmailKamarul@limpahan.com