KUALA LUMPUR: The developer of the 1Malaysia email service, Tricubes Bhd, yesterday said its 70%-owned unit had clinched a RM6 million job from the Home Ministry to provide maintenance service for two mobile management system used by the Royal Malaysian Police.
In an statement to Bursa Malaysia, Tricubes said the letter of award dated Dec 19 for the two-year project was given to Tricubes NCR JV Sdn Bhd. The contract, that would run through Dec 31, 2013, is for the provision of “preventive and corrective maintenance service” to the police department’s server enhanced mobile management system (EMMS) and mobile card acceptance device (MCAD) hardware and software.
The contract would positively boost earnings for the financial year ending March 31, 2012, Tricubes said. In November last year, the company secured a contract to handle the police’s collection of traffic summons and enquiries.
The Practice Note 17 (PN17) company had to date accumulated losses amounting to RM17.24 million. Tricubes submitted a plan to regularise its PN17 status to Bursa Securities on Dec 29, the company said in a separate statement yesterday.
Tricubes gained the spotlight last year after it was revealed that it would develop the 1Malaysia myemail service, which is expected to cost the group RM50 million in investments over 10 years. One of the main contentions to the project is that subscribers are expected to be charged 50 sen per email while additional charges would be imposed on added security features.
Tricubes shares, which hit a 52-week high of 45 sen on April 21, 2011, closed at 17.5 sen yesterday on thin trade.
This article appeared in The Edge Financial Daily, January 4, 2012.
In an statement to Bursa Malaysia, Tricubes said the letter of award dated Dec 19 for the two-year project was given to Tricubes NCR JV Sdn Bhd. The contract, that would run through Dec 31, 2013, is for the provision of “preventive and corrective maintenance service” to the police department’s server enhanced mobile management system (EMMS) and mobile card acceptance device (MCAD) hardware and software.
The contract would positively boost earnings for the financial year ending March 31, 2012, Tricubes said. In November last year, the company secured a contract to handle the police’s collection of traffic summons and enquiries.
The Practice Note 17 (PN17) company had to date accumulated losses amounting to RM17.24 million. Tricubes submitted a plan to regularise its PN17 status to Bursa Securities on Dec 29, the company said in a separate statement yesterday.
Tricubes gained the spotlight last year after it was revealed that it would develop the 1Malaysia myemail service, which is expected to cost the group RM50 million in investments over 10 years. One of the main contentions to the project is that subscribers are expected to be charged 50 sen per email while additional charges would be imposed on added security features.
Tricubes shares, which hit a 52-week high of 45 sen on April 21, 2011, closed at 17.5 sen yesterday on thin trade.
This article appeared in The Edge Financial Daily, January 4, 2012.
