I-ON Communications Corp. announce that the Company was recently selected to be a key participant in a consortium with Busan City Gas and Shinhwa SNC to address the long-term energy needs of both utilities and businesses across Malaysia. In conjunction with Tenaga Nasional Berhad, the 30-month Research Collaboration Agreement will attempt to integrate I-ON's standard and next generation ESS (energy storage system) along with solar technology, to advance next generation VPP (Virtual Power Plant) pilot projects at five sites across Malaysia.

The project is valued at approximately $7 million and will be financed through entities directly affiliated with both the Malaysian and South Korean governments, including involvement from the Korea Institute of Energy Technology Evaluation and Planning.