ProntoForms awarded funding for research and development
OTTAWA, Oct. 21, 2019 (GLOBE NEWSWIRE) — ProntoForms (TSXV:PFM), the global leader in field-focused low-code application platforms (LCAP) for enterprise, is pleased to announce that it will receive funding of up to $750,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to further innovate and advance its product.
“2019 has provided ProntoForms with some landmark highlights, most notably our inclusion in Gartner’s Magic Quadrant (MQ) for Enterprise LCAP,” explains Glenn Chenier, ProntoForms Chief of Product. “The innovation that will stem from this NRC IRAP investment will help ProntoForms continue to develop its platform and become a mainstay in the field-centric enterprise LCAP market.”Mr. Chenier continued, “Over the next two years, NRC IRAP funding will help grow the ProntoForms research and development team. This bolstered roster of talent will help accelerate the advancement of ProntoForms’ best-in-field platform.”About ProntoForms CorporationProntoForms is the global leader in field-focused low-code application platforms for enterprise. The Company’s solution is used to create apps and forms to collect and analyze field data with smartphones and tablets – either as a standalone solution or as a mobile front-end to enterprise systems of record.The Company’s 100,000+ subscribers harness the intuitive, secure, and scalable solution to increase productivity, improve quality of service, and mitigate risks. The Company is based in Ottawa, Canada, and trades on the TSXV under the symbol PFM. ProntoForms is the registered trademark of ProntoForms Inc., a wholly owned subsidiary of ProntoForms Corporation.Certain information in this press release constitutes forward-looking information. For example, statements about the expected timing of payments to be received by ProntoForms and the effects of this grant on the Company are forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Please see the risk factors described in the Company’s most recent management discussion and analysis found at www.sedar.com for a discussion of some of such factors. Actual results might differ materially from results suggested in any forward-looking statements. For instance, the receipt of NRC IRAP funding is dependent on the Company making certain qualifying expenditures. The Company’s priorities may change and the Company may not complete or continue the project to which this funding relates for a variety of reasons, some of which are outside the Company’s control. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company.Alvaro Pombo
Chief Executive Officer
613.599.8288 ext. 1111