Ntegrator gets government approval to set up Ntegrator Myanmar

Subsidiary allowed to obtain import licenses.

Ntegrator International Ltd (Ntegrator) announced that it is sinking its roots deeper into Myanmar, with the issuance of a Certificate of Incorporation (Temporary) and Form of Permit (Temporary) by the Government of the Republic of the Union of Myanmar (Myanmar Government) for the incorporation of an indirect wholly-owned subsidiary in Myanmar, Ntegrator Myanmar Ltd. (Ntegrator Myanmar).

Ntegrator Myanmar will have a paid up capital of 500 million kyat, divided into 500,000 shares of 1,000 kyat each. The Group has up till January 30, 2014 to
complete the registration and incorporation of Ntegrator Myanmar. The Group will make the appropriate announcement when Ntegrator Myanmar is incorporated. This latest development enables Ntegrator Myanmar to directly apply for licenses to import equipment, thus enabling Ntegrator to offer customers in both the private and public domain a wider, complete suite of enterprise solutions.

The establishment of Ntegrator Myanmar is a strategic initiative by the Group to capture new business opportunities, especially in the private sector. The growing foreign investments and demand for infrastructural upgrade in Myanmar has drawn significant interest from global enterprises. The establishment of a local subsidiary will give Ntegrator a competitive edge in harnessing these new business opportunities.

In addition to suppliers such as ECI Telecom and RAD, the Group had also recently signed reseller agreements with new and existing vendors for the distribution of equipment to the Myanmar market: Alcatel-Lucent Enterprise for a full suite of enterprise products like IP phones, PBX and communication products; Calix Inc, a Delaware corporation to supply GPON products for fibre as part of the office or home solutions; and VSYS Pte Ltd for AJA, StorageDNA, TVLogic and Teradek.

The Group is currently also in the process of finalising distributorship agreements with several other key suppliers to offer a full suite of enterprise solutions in Myanmar.

According to a recent report by McKinsey Global Institute, Myanmar may attract as much as US$100 billion in foreign direct investment over the next two decades. An International Monetary Fund report in May also said that Myanmar’s economy may grow 6.75% in 2013.

Mr. Jimmy Chang, Managing Director of Ntegrator, commented, “We are excited to have received the relevant certification and permit, enabling the Group to independently and directly pursue business opportunities within emerging Myanmar.