OTHERS MITI's Approval Allowing K-One Technology Bhd's R&D Activites To Operate During MCO - Phase 3
K-ONE TECHNOLOGY BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | MITI's Approval Allowing K-One Technology Bhd's R&D Activites To Operate During MCO - Phase 3 |
The Movement Control Order (MCO) invoked by the government to curb the spread of Covid-19 which came into effect on 18 March 2020 was extended twice; the first time to 14 April 2020 and a second time until 28 April 2020 which, the latter is referred to as MCO – Phase 3. Additional business sectors, among which include R&D activities related to Covid-19 were allowed to operate in MCO – Phase 3. As such K-One Tech submitted its application to the Ministry of International Trade & Industry (“MITI”) for their consideration.
The Board of Directors of K-One Technology Bhd (“K-One Tech” or “Company”) wishes to announce that MITI on 19 April 2020 had approved its Research, Design & Development Centre (“RD&D”) located in its Head Office at Damansara Jaya, Petaling Jaya to operate during the MCO – Phase 3. K-One Tech plans to focus on the engineering development and prototype build of the ventilator as announced on 13 April’20. It is also assessing the design and development of swabs used to collect sample material for Covid-19 tests which may be 3-D printed to meet the surge in demand during this Covid-19 pandemic crisis period.
MITI’s approval granted to K-One Tech to operate during the MCO – Phase 3 is subject to meeting various conditions, amongst the key ones are:
This announcement is dated 20 April 2020. |
Announcement Info
Company Name | K-ONE TECHNOLOGY BERHAD |
Stock Name | K1 |
Date Announced | 20 Apr 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-20042020-00058 |