PRADOTEC Awarded Government Grant for Research & Development Activities
Malaysia, March 10, 2010 – Pradotec Corporation Sdn. Bhd. (“PRADOTEC”) is please to announce that the company has been awarded a RM968, 547 grant from Multimedia Development Corporation Sdn. Bhd. (‘MDeC’) through the MSC Malaysia Grant Scheme (MGS) with no repayment required for its research and development of “RoBUS – Highly Robust Bus Ticketing System”.
The MGS is a financial incentives provided by MDeC specifically for qualified MSC (Multimedia Super Corridor Status) Malaysia Status company to encourage and establish vibrant research and development activities leading to innovative ICT/multimedia products that possess significant commercial potential.
PRADOTEC will allocate this MSC R&D Grant Awarded to continue the company’s research and development of the next generation in-bus mobile ticketing machine. The PRADOTEC’s management is delighted with the good news, which indicates the high confidence that MDeC has shown to PRADOTEC on the company’s capabilities and trust in the company’s new development.
About Pradotec
Pradotec is the specialist in Security, Identification, Payment and Authentication Devices. The core offering of Pradotec Corporation is its ability to integrate multiple functions into a single handheld device; the company’s innovative offerings provides an unchallenged convenience to its worldwide users to make contact/contactless Identification, Authentication, Security Enforcement and Automation as well as payments transactions in a mobile location. As an OEM/ODM provider, Pradotec has successfully designed & developed many innovative devices for established System Integrators as well as Government Agencies worldwide. For additional information, visit Pradotec’s website at www.pradotec.com.my
About MDeC
Multimedia Development Corporation Sdn. Bhd. (MDeC) has been given the mandate by the Malaysian Government for the coordination, promotion and development of the information technology (IT) industry and selected services in MSC Malaysia. Incorporated under Companies Act of Malaysia, owned and funded by the Government, MDeC advises the government on IT legislation and policies, develops MSC Malaysia-specific practices and set world-class standards for MSC Malaysia information infrastructure and urban development.
For Further Information, please contact:
Contact:
Grace Liew
Pradotec
graceliew@pradotec.com.my
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