KUALA LUMPUR (Mar 2): Software provider M3 Technologies (Asia) Bhd (M3Tech) will be collaborating with China-based Shenzhen User Special Display Technologies Company Ltd (User) to promote M3Tech’s Getsnapps platform and I3D display technology throughout User’s export market worldwide.

In a filing with Bursa Malaysia, M3 Tech, which signed a memorandum of understanding (MoU) with User today, said it would provide the relevant technical support to User in the places where both companies’ subsidiaries are located.

The places include Malaysia, mainland China, Hong Kong, Thailand, Singapore, Indonesia, Pakistan and Dubai.

User, a limited company incorporated in China in 2003, is a high-tech enterprise specialised in the development, production, and marketing of LCD and LED displays, with additional customisation according to the individual customer’s specifications.

Getsnapps platform allows users to create a customised, cost-effective application that can run on LED displays for specific vertical application, without the need to learn any coding.

M3Tech said the applications can be used for seasonal and promotional activities, with a high level of flexibility that allows quick adoption of market trends and/or customer demands.

“The MoU shall commence on the date of execution and shall remain in force, unless otherwise terminated by either parties in writing.   

“The MoU is not expected to have any material effect on the share capital and shareholding structure of M3Tech.

“It is, however, expected to have a positive contribution to the earnings per share and net assets of M3Tech group in the near future,” it said.

M3Tech shares dipped half sen or 4.17% to 11.5 sen today, giving it a market capitalisation of RM23.37 million.