SKO
02/10/2014 15:47
GENERAL
REL: 1547 HRS Serko Limited
GENERAL: SKO: $4.2 million Government Grant to Fast-Track Serko R&D
Market Release
2 October 2014
$4.2 million Government Grant to Fast-Track Serko R&D
Serko Limited (NZX:SKO), a leader in online travel booking and expense
management for business, announced today that it has been awarded up to $4.2
million for Research and Development (R&D) over three years via a Callaghan
Innovation R&D Growth Grant from the New Zealand Government.
The grant was announced by Science and Innovation Minister Steven Joyce today
and Serko will be using it to help fast-track development of a number of
products, including Serko Mobile.
Serko chief executive officer Darrin Grafton said "This is a real sign of
confidence from the New Zealand Government that Serko is a growth company
poised to deliver on the global stage.
It is pleasing that the government's commitment to a hi-tech, hi-growth
economy is enabling companies like Serko to run faster and continue
developing world-leading technology at pace.
Grants like this enable New Zealand businesses to build strong futures based
on technological innovation.
Since launching in 2007, R&D grants have enabled Serko to develop new
innovative solutions for the energy and resource sector in Australia. The new
grant will enable Serko to grow its team of developers to create products
suited to the Asian and US markets."
Serko has a dedicated product development department at its Auckland
headquarters, which makes up part of a 120-person strong team worldwide, with
offices in Sydney Australia, Xi'an City China and Gurgaon, India.
ENDS
For investor relations queries please contact:
Tim Bluett, Chief Financial Officer, Serko
+64 9 309 4754
[email protected]
For media queries please contact:
Natasha Gillooly, Porter Novelli for Serko,
+ 64 21 915 297
[email protected]
About Serko
Serko is Australasia's leading online travel booking and expense management
company for businesses and is listed on the New Zealand Stock Exchange Main
Board (SKO.NZ). With its HQ in Auckland New Zealand, and with offices in
Sydney Australia, Xi'an City China and Gurgaon, India, Serko employs more
than 120 people worldwide.
Serko Online is an integrated Online Booking Tool used by administrators and
travellers to book flights, accommodation and car hire from the broadest
possible set of travel providers. The OBT ensures that travel bookings comply
with corporate travel management policy without limiting the users choice of
travel provider.
Visit www.serko.com for more information
End CA:00256030 For:SKO Type:GENERAL Time:2014-10-02 15:47:36
