Scinet Company has received a grant from METI that is specifically tailored for SMEs that are engaged in the research and development of “next generation” technologies. METI has been providing this grant with an effort to spearhead the growth of new technologies with the objective for Japan to maintain its globally competitive status. The following privileges are provided to recipients of this grant as cited below:

(1) Qualified for special loans issued by Japan Finance Corporation, a special lending facility
(2) Reduced patent costs – Reduction of royalties –
(3) Credit guarantee will be solid. – Exceptions for Small and Medium Enterprise Credit Insurance Law –
(4) Special Provisions for investment funds – Small Business Investment Corporation Act
(5) Increased loan limit for industrial equipments
(6) Increased bidding opportunities where SMEs are qualified to bid with higher priority

Granted a technology transfer contract with a Silicon Valley based Electronics manufacturer to develop the latest world-class fuel-cell system

As of December 14, 2007, Scinet Company, Ltd. has been incorporated under its new entity name to accomodate business growth as the company eyes on expanding its business operations overseas.

Scinet’s Energy division has received approval from a group of governing authorities in the Carribean and South American region to initiate the development of a large-scale oil refinery containing natural gas in the region.