Business
Award of Grant
Award of Grant.
About this update from Mobilityone Limited
[{"type":"text","content":"\n MobilityOne Limited\n10 September 2007\n\n\n\n\n MobilityOne Limited\n ('MobilityOne' or 'the Company')\n\n Awarded a RM1.2 million grant under the MSC Malaysia R&D Grant Scheme ('MGS')\n\nMobilityOne Limited ('MobilityOne') is pleased to announce that its wholly-owned\nsubsidiary, MobilityOne Sdn Bhd ('MobilityOne Malaysia') has been awarded a\nRM1.2 million (approximately £170,000) grant for its 'MobilityOne Commerce\nPlatform' from Multimedia Development Corporation Sdn Bhd ('MDeC') through the\nMGS and no repayment of the grant to MDeC is required.\n\nMGS is a form of financial incentive provided by MDeC for company with MSC\nMalaysia (formerly know as Multimedia Super Corridor) status to develop relevant\nmultimedia technologies and applications which would contribute to the overall\nMSC Malaysia development.\n\nThe availability of the grant is in line with the corporate strategy of\nMobilityOne Malaysia to allocate sufficient funds to continue the development\nand improvements of its proprietary technology platform.\n\nHussian @ Rizal Bin A. Rahaman, Chief Executive Officer of MobilityOne,\ncommented: 'We are delighted with the grant which shows the confidence and trust\nthat MDeC has in MobilityOne Malaysia and its technology capabilities and will\nassist us in continuing to fulfil our strategy of further developing and\nimproving our technology.'\n Ends\n\nFor further information, please contact:\n\nMobilityOne 020 7936 9605\nHussian @ Rizal Bin A. Rahaman, CEO\nSeah Boon Chin\n\nHB Corporate 020 7510 8600\nLuke Cairns\nRachel Kane\nJim McGeever\n\nThreadneedle Communications 020 7936 9605\nGraham Herring\nJosh Royton\n\nAbout MobilityOne\n\nMobilityOne is the holding company of an established group of companies\n('Group') based in Malaysia in the business of providing e-commerce\ninfrastructure payment solutions and platforms through their proprietary\ntechnology solutions, which are marketed under the brands MoCS(TM)and ABOSSE(TM)\n\nThe Group has developed an end-to-end e-commerce solution which connects various\nservice providers across several industries such as banking, telecommunication\nand transportation through multiple distribution devices such as EDC terminals,\nshort messaging services, Automated Teller Machine, and Internet banking.\n\nThe group's technology platform is flexible, scalable and has be...