Pandell Technology Corp. Awarded National Research Council Grant
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.”
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.
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Pandell is a leader in delivering Software-as-a-Service (SaaS) solutions to 500+ energy companies in Canada, the USA, and abroad. Our customers range from startups to major enterprises across the energy sector including upstream oil & gas, midstream facilities, oilfield services, land brokers, pipelines, utilities, mining, and renewable energy. Our cloud-hosted product suite helps finance, land, and operations teams run their business more effectively; while our enterprise division builds and manages large-scale web portal applications that facilitate work across organizations. Combining the strength of our industry experience, ground-breaking Lithium™ technology, and practical software subscription model, we are Crafting the Future of Energy Software.