Sidec Technologies AB Receives VINNOVA Grant

STOCKHOLM, Sweden--(BUSINESS WIRE)--May 23, 2006--Sidec Technologies has received a 3,25 MSEK grant from VINNOVA, The Swedish Governmental Agency for Innovation Systems, to fund one of Sidecs development projects. The grant is a part of the Swedish government’s 100 MSEK annual funding program to support small and medium sized companies in their innovative projects.

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