OTHERS M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "THE COMPANY") - MASTER LEASING AGREEMENT FOR i3DISPLAY CLOUD PLATFORM IN THAILAND

M3 TECHNOLOGIES (ASIA) BERHAD

Type Announcement
Subject OTHERS
Description
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "THE COMPANY")
-	MASTER LEASING AGREEMENT FOR i3DISPLAY CLOUD PLATFORM IN THAILAND

On 19 July 2016, a master leasing agreement for a period of 5-years was signed between  SHOW DC CORP LTD ("Show DC") and M3 Technologies (Thailand) Co., Ltd (“M3Thai”), a 95% owned subsidiary company of M3Tech in Thailand for the purpose of leasing of M3TECH’s i3display platform at Show DC mall located at Jaturatid Road, Huai Khwangm Bangkok, Thailand. ("Master Leasing Agreement")

 

The Master Leasing Agreement, through its strategic alliance, will signify the roll out of M3Tech i3Display Cloud Platform in Thailand. i3Display is a cloud base platform to provide content management of multiple devices via Getsnapp and i3teamwork software.

 

Show DC mall, which will be opening soon, is the most prestigious and largest anchor shopping mall in the center heart of Bangkok, Thailand. 

 

i3Display Cloud Platform is designed to handle Digital Display of various size across multiple location by its Content Management and Broadcasting System. Show DC will be benefited from expanding the reach of media advertising as well as informational need in a central manner across the country.

 

With multiple features to provide mall directory, advertising as well as carrying out interactive marketing campaign, this will give Show DC the advantage to be more flexible in carrying out the mall marketing campaign in a more coherent manner.

 

In addition to provide real time broadcast and promotion of its range of premium luxuries products, services and fun activities available in the mall, Show DC believe the use of M3Tech’s i3Display concept and cutting edge cloud technologies software and features which comes together with the i3Display panel would create a remarkably clean, fresh and resourceful marketing approach to its customers and has ordered i3Display from M3TECH for installation at its strategic locations within its mall.

 

The Master Leasing Agreement is a continuation of M3Tech’s ultimate aim to roll i3Display platform internationally with strategic partners. 

 

None of the directors and/or major shareholders of M3Tech, or persons connected to them has any interest, direct or indirect, in the Master Leasing Agreement.

 

This announcement is dated 22 July 2016.

 

Note :

 

SHOW DC CORP LTD is a company located at 140 One Pacific Place, 17th Floor, Unit 1703-1704, Sukhumvit Rd., Klongteoy, Bangkok 10110, Thailand with principal activities of developing of retail and entertainment mega complex. It has invested $265 Million for the project that’s taking shape in the Rama IX entertainment district of Bangkok.

 

SHOW DC mall is located on more than 11 acres of land with total 1.61 million square feet of floor space. Although the project’s main focus is to offer shopping and dining venues to its customers, a state-of-the-art Performance Hall that can fit 5,000 people, as well as a 54,000-square-foot sports facility are also part of the complex.

 

For more information on Show DC, please refer to http://showdc.co.th/






Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 22 Jul 2016
Category General Announcement for PLC
Reference Number GA1-22072016-00094