CAST Signs MoU on Strategic Partnership with the National Research and Innovation Agency (BRIN) of Indonesia

CAST Inc. is pleased to announce that on April 15, 2026, it signed a Memorandum of Understanding (MoU) with the Research Organization for Energy and Manufacture under the National Research and Innovation Agency of the Republic of Indonesia (BRIN). Through this partnership, CAST will conduct Proof of Concept (PoC) projects for its pipe thinning monitoring system, powered by the proprietary product "ULTRACK®," in industrial plants and factories across Indonesia. This initiative aims to accelerate the deployment of smart maintenance and inspection solutions throughout the ASEAN region. CAST has been actively expanding its market reach for ULTRACK® beyond Japan. Following the establishment of an overseas base at the "Center of Garage Malaysia" in Cyberjaya in January 2024, CAST’s project—"Feasibility Study on the Deployment of Pipe Thinning Monitoring Technology for Industrial Maintenance DX in Malaysia and Indonesia"—was selected for the "Global South Future-Oriented Co-creation Project" (Small-scale/FS project) subsidy by the Ministry of Economy, Trade and Industry (METI) of Japan in August 2025. This MoU is a key milestone within the framework of this project. By accelerating collaboration with BRIN, CAST will conduct joint PoC trials at local industrial facilities to address the growing demand for maintenance DX in Indonesia. Date of Signing: April 15, 2026. Location: BRIN, Indonesia. Partner Organization: Research Organization for Energy and Manufacture, National Research and Innovation Agency (BRIN). Signatories: Dr. Cuk Supriyadi Ali Nandar (Chairman of Research Organization for Energy and Manufacture) and Dr. Kei Nakatsuma (President & CEO, CAST Inc.). Local Coordination: Dr. Eng. Aam Muharam, M.T. (Head of Research Center for Transportation Technology, Research Organization for Energy and Manufacture). Established in 2021 as an agency under the direct authority of the President of Indonesia, BRIN is the nation's largest and sole national research institution, formed through the consolidation of four previously independent government research agencies.