| MobiLaps LLC Receives Maryland Technology Development Corporation (TEDCO) funding Funding aimed at fostering the growth of innovative businesses in Maryland |
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| October 2, 2006 | ||||||
Silver Spring, MD – MobiLaps LLC received Maryland Technology Development Corporation (TEDCO) funding to subsidize its software development costs in the areas of providing new revenue streams for broadband ISPs and improving the commercial viability and business case for providing broadband service in rural areas. The funding is aimed at providing emerging technology companies and university researchers with vital seed funding and specialized technical assistance.
“We’re thankful for all the support that MobiLaps has received from the state of Maryland. The TEDCO award is yet another indication of our company’s potential in significantly contributing to the software and wireless technologies growth of the state of Maryland” noted Dr. Hisham Kassab, President & CEO of Mobilaps.
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