En Nik Mustapha Fathil receiving MCY National Supreme Award from Malaysia Prime Minister Datuk Seri Najib Tun Razak, with him TPM President & CEO Dato’ Ir Mohd Azman Shahidin (3rd from right) and Minister of Science & Technology (6th from right)

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KUALA LUMPUR, Dec 8, 2016

Prime  Minister  Datuk  Seri  Najib Tun  Razak  awarded the Intelligent Circulation While Drilling tool, iCWD, the Supreme Award at  the  MCY  2016 presentation  ceremony  in  Kuala Lumpur this morning.

Intelligent Circulation While Drilling, iCWD, was the top winner of the Malaysia Commercialisation  Year  2016  Award (MCY  2016)  grabbing  the  MCY Supreme Award (Best  Overall Winner),  and  Top  Commercial Deal Category  Awards  winning a total prize money of RM 350,000.00.

En Nik Mustapha Fathil, co-founder of MIT  Innovation  Sdn  Bhd, received the Award Certificate from Prime Minister, and Dato’ Ir Mohd Azman Shahidin, President and CEO of Technology  Park Malaysia  Corporation  Sdn  Bhd  (TPM), the incubator of MIT Innovation Sdn Bhd, received the award trophy from Prime Minister.

Watch receiving the Supreme Award video, or on 

Watch receiving the Commercial Deal Award video , or on

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The  iCWD  is  the  industry’s  first  intelligent  drilling  circulation system  employed  in  the oil  and  gas  exploration/drilling  sectors.  It  provides  significant  time­saving, safety and efficiency improvement features that reduce the overall cost of well construction.

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MCY Event was organized by Ministry of Science, Technology and Innovation, MOSTI, Ministry of Finance (MOF) and other government agencies.

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TPM

About Technology Park Malaysia (TPM):

Since its establishment in 1996, Technology Park Malaysia Corporation Sdn Bhd (TPM) has continued to manifest in its underlying motto “Your Success Begins Here” that has reached the length, depth and breadth of the technopreneurial community.

More than 3,000 technology driven companies have benefited from TPM – both local and multi-national within various clusters of industry. ICT cluster has recorded the highest tenancy within TPM followed by Engineering and Biotech, Telecommunication and Content, and Support Services.

Focused on the objective of creating this conducive environment for innovation, TPM will transform itself with a five prong strategy which involves the maximizing of its land assets, enhancing its commercialization and support services, increasing the efficacy of its advanced infrastructure and networking capabilities, elevating its 4th generation technology incubation programmes and developing start-up friendly policies to generate a proliferation of technology based quality start-up companies with global potential.

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En Nik Mustapha Fathil received the Commercial Deal Award prize from Prime Minister

TPM Management Team and MIT Technology team with trophy and prize

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MIT Technologies & TPM Management with MCY Award Cheques won by iCWD