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Pandell News - Jan 13, 2010

Pandell Technology Corp. Awarded National Research Council Grant

Canada’s NRC Provides Industrial Research Assistance Program Grant to Support Pandell’s Next Generation PLI Application Platform Software Development Project

Calgary, AB, January 13, 2010 – Pandell Technology Corporation, a pioneer of Software-as-a-Service (SaaS) solutions for the energy and government sectors, announced today that it has been awarded a significant grant through Canada’s Research Council’s Industrial Research Assistance Program (NRC-IRAP).

The NRC-IRAP is designed to help Canadian small and medium-sized enterprises (SMEs) meet the technological challenges they face in delivering new products, processes or services. Pandell will use its IRAP grant toward building out its next generation Pandell Liquid Intelligence (PLI) application platform. This new platform will be used as the foundation for rebuilding the company’s current legacy software products using the SaaS paradigm. The project is currently underway and is scheduled to complete in December 2010.

“We are confident that the results from this project will further extend Pandell’s competitive advantage in delivering modern, affordable solutions to our customers through a SaaS model,” says Greg Chudiak, Pandell’s President and CEO.  “The work that we are doing is truly at the forefront of the industry’s shift toward this new business model.”

About NRC

NRC comprises more than 20 institutes and national programs, spanning a wide variety of disciplines and offering a broad array of services. Located in every province of Canada, NRC plays a major role in stimulating community-based innovation. The NRC-IRAP is Canada's premier innovation assistance program for SMEs. It is a vital component of the NRC, a cornerstone in Canada's innovation system, regarded world-wide as one of the best programs of its kind. Each year, the NRC-IRAP helps more than 12,000 SMEs grow and prosper.

About Pandell Technology Corporation

Pandell is a software solutions company that delivers industry specialized software products and business services. For oil and gas companies, Pandell offers its NexusSuite™ of oil & gas software products and its NexusWorkforce™, oil & gas accounting services. For enterprise organizations, Pandell builds and manages PLISolutions™, large-scale, web-based applications delivered on Pandell's advanced technology. With its industry expertise and proprietary Pandell Liquid Intelligence™ technology ("PLI"), the company delivers the most modern, affordable software solutions to its clients. The company has achieved rankings on Branham's Top 300 Technology Companies in Canada, Alberta Venture™ Fast Growth 50 List, and Calgary Inc™ Best Places to Work.