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ProntoForms awarded funding for research and development


 

OTTAWA, Ont. - October 21st 2019 - ProntoForms Corporation (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 continues, “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 Corporation

ProntoForms 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 may constitute forward-looking information. For example, statements about the Company's future growth or value are forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. 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.
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 
Contact Information

Alvaro Pombo
Chief Executive Officer
ProntoForms Corporation
613.599.8288 ext. 1111


Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081