Midas bestowed national award

Midas Communications, a Chennai based telephony and

Internet network product development company was conferred the National Award

for successful commercialization of indigenous technology by the Technology

Development Board, Government of India. This award acknowledges

commercialization of corDECT, an advanced Wireless Access System jointly

developed by Midas and Indian Institute of Technology, Madras.

This award was set up by the Technology Development

Board with a view to provide synergetic partnership between industry and

R&D, and consists of two National awards for commercial application of

home-grown technology. First, to those industrial concerns which successfully

commercialized indigenous technology and the developers/ providers of such

technology. And second to a SSI unit, which has successfully commercialized a

product, based on indigenous technology.

Midas came under the second category and received a cash

award for Rs 2 lakh.

Krishna Kant, VP, India presented the award to Shirish

Purohit, Director, Midas Communications Technology (P) Ltd at a function

organized in capital to commemorate the Technology Day. "This award has

come as a recognition of our efforts to provide affordable Internet and

telephony facility in the country and other developing countries", said

Purohit. "I would like to attribute the success of corDECT to the joint

effort of all our employees and the Tenet Group of IIT Madras. This is a proud

moment for all of us."

Atal Behari Vajpayee, PM, India instituted the award in

1998 and then onwards May 11th is officially celebrated as the Technology Day.