KUALA LUMPUR:
Mesdaq-listed Scan Associates Bhd (SCAN) will be the first
Mimos technology business partner following an agreement made
on Nov 29.
SCAN will focus
on distributing and marketing Mimos's products, which include
the Secure Electronic Document System (SEDS) and Certificate
Authority Engine for MyKad (CA4MyKad).
SCAN group chief
executive officer Aminuddin Baki Esa said, "We expect SEDS to
be commercialised at the beginning of 2008. There has been
strong interest from a number of our clients, both locally and
overseas, regarding the product. We also plan to license the
solution to our overseas partners for their domestic
purposes."
SEDS, whose
application complements some of SCAN's core security
technologies (such as MatrixNet and TRUSTMatrix), will target
not just enterprises but also mobile platforms or devices.
MatrixNet and TRUSTMatrix provided margins of at least 30% for
SCAN in past financial years.
CA4MyKad consists
of digital certificate technology which can be embedded in
each MyKad for secure electronic transactions by
authenticating transacting parties' signatures over the Web.
CA4MyKad's potential applications include lodging police
reports, online transactions and sending and receiving
confidential documents.
Royalties
received from SCAN's partners was to add to the Group's bottom
line as recurring income. The pricing structure was being
finalised by SCAN, and would depend on the info-structure that
the client wishes to secure.
"SCAN plans to
continuously commercialise other technologies from Mimos, and
provide technology enhancement to these products via our own
R&D centre. We are confident the commercialisation of SEDS
and MyKad will contribute positively to SCAN's future revenue
and profitability," added Aminuddin.
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