News

ADIPEC 2017

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We are pleased to announce our participation in ADIPEC 2017, 13th Nov to 16th Nov 2017. Our new intelligent downhole tools shall be on display under Malaysia Pavilion stand 12430. Join us and see our award-winning technology for mitigating drilling risks and reducing the cost of well construction. About ADIPEC With 60% of attendees to ADIPEC seeking new products and innovations and 57% looking to source new suppliers, ADIPEC attracts buyers and influencers from 135 countries who shape the future of the industry under one roof. Showcasing your solutions and products in a market that forms ...

Technofund Certificate

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 En Razis B. Ahmad, Director of Corporate Affairs, received Technofund completion certificate during the MCY ECOSYSTEM SUPPORT AND JOINT COOPERATIVE DIALOGUE. Certificate was delivered by YB Datuk Seri Panglima Wilfred Madius Tangau, Minister of Science, Technology and Innovation (MOSTI). It is to note that MIT Technologies team has completed the iCWD Technofund program in March 2016, 6 months ahead of schedule. The event was held in Technology Park Malaysia, Bukit Jalil, Kuala Lumpur.

AAA rating

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KUALA LUMPUR, April 2017 -- MIT Innovation Sdn Bhd, has received the highest rating of "AAA" from SME Corp Malaysia, with the 1-InnoCert for “Professional Design” category . The 1-InnoCERT awarded under the program identifies and verifies innovative companies through an internationally-recognised innovation standard (OECD Oslo Manual V3) and the certification process is developed from similar proces practiced in Korea's Innobiz (Innovation SME) certification program. Certified companies under the program will be given a fast track access for incentives and other benefits. To learn more ...

iCWD Australian Patent 2013247466

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  It is our pleasure to announce that our Australian Patent application for Intelligent Circulation While Drilling tool, iCWD, has been granted under patent number  2013247466 as of 2nd March, 2017. iCWD is an award winning technology for well treatment and improved drilling economics. iCWD has received the  Spotlight On New Technology Award in OTC Asia 2016, and the Malaysian Supreme Award in 2016. It was featured by Malaysian Prime Minister during MCY 2016 event, 8th December 2016. For more information on iCWD contact us or email to: iCWD@MIT-Technologies.com.

OTC 2017

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On 1st May  2017, we will be exhibiting our award winning technology at OTC 2017. Don't forget to stop by our booth  #9409 at Pavilion hall. Our intelligent drilling multi-cycle circulating tool,  iCWD, the winner of  Spotlight On New Technology award for OTC Asia 2016,   and the multi-cycle single-ball circulating sub (SWiFT) will be displayed at our booth. MIT Technologies shall be presenting its product in collaboration and the support of Malaysia External Trade Development Corporation (MATRADE) See you at  at Offshore Technology Conference | 1-4 May | NRG Park, Houston, Texas, USA ...

Supreme National Award, MCY 2016

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KUALA LUMPUR, Dec 8, 2016 Prime  Minister  Datuk  Seri  Najib Tun  Razak  awarded the Intelligent Circulation While Drilling tool, iCWD, the Supreme Award at  the  MCY  2016 presentation  ceremony  in  Kuala Lumpur this morning.   Intelligent Circulation While Drilling, iCWD, was the top winner of the Malaysia Commercialisation  Year  2016  Award (MCY  2016)  grabbing  the  MCY Supreme Award (Best  Overall Winner),  and  Top  Commercial Deal Category  Awards  winning a total prize money of RM 350,000.00. En Nik Mustapha Fathil, co-founder of MIT  Innovation  Sdn  Bhd, received the ...

Prime Minister Presenting iCWD

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KUALA LUMPUR, Dec 8, 2016 Malaysia Prime Minister Datuk Seri Najib Tun Razak in his opening speech at the Global Entrepreneurship Community (GEC) and Malaysia Commercialisation Year (MCY) 2016 summit has highlighted the Intelligent Circulation While Drilling tool, iCWD, jointly developed by Petronas and MIT Technologies. "The groundbreaking innovation developed by Malaysians prove that we are capable of producing world class innovations" he said, adding that the government would continue to provide assistance to generate more quality products and services to meet global market demands.   ...

ADIPEC 2016

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We are pleased to announce our participation in ADIPEC 2016, 7th Nov to 10th Nov 2016. Our new intelligent downhole tools shall be on display under Malaysia Pavilion stand 12936 for distribution in Middle East region. About ADIPEC With 60% of attendees to ADIPEC seeking new products and innovations and 57% looking to source new suppliers, ADIPEC attracts buyers and influencers from 112 countries who shape the future of the industry under one roof. Showcasing your solutions and products in a market that forms 54% of the world’s proven oil and gas reserves is no longer an option, but a ...

ONS 2016

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On 29 August 2016, we will be exhibiting our award winning technology at Offshore North Sea Exhibition & Conference, ONS 2016. Don't forget to stop by our booth  #780 at hall 7. Our intelligent drilling circulating tool,  iCWD, the winner of Spotlight On New Technology award for OTC Asia 2016,   and the single ball circulating sub (SWiFT) will be displayed at our booth. MIT Technologies shall be presenting its product in collaboration and the support of Malaysia External Trade Development Corporation (MATRADE) See you at  at Offshore North Sea Exhibition & Conference | 29 August - ...

Patent 9,309,726 Granted for D75 Project

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It is our pleasure to announce that our US Patent application for D75 Project has been granted under patent number  US 9,309,726 as of 12 April 2016. D75 project objective is improvement of ROP and drilling performance through a new generation of drill bits saving significant rig time. For more information, please contact us at D75@MIT-Technologies.com  

Petronas Press Release 24 March 2016

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  KUALA LUMPUR, March 24 (Bernama) -- PETRONAS is collaborating with MIT Innovation Sdn Bhd (MIT) to promote a smart and efficient technology that significantly lowers drilling costs.  Jointly developed by PETRONAS and MIT, the Intelligent Circulation While Drilling (iCWD) is the industry’s first intelligent drilling valve system that provides remote-controlled operations with Agile Activation, an intelligent system that activates and communicates with downhole tools.  “We believe iCWD will up the game in drilling, as it offers improved well control and drilling economics,” said Hj ...

OTC Asia 2016 Spotlight Award

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KUALA LUMPUR, March 23  -- Our newly launched  Intelligent Circulation While Drilling tool, iCWD, has been awarded the OTC Asia 2016  Spotlight on New Technology award (SONT). It is not only an honour to win this SONT award but also an industry recognition that iCWD provides significant time-saving, safety and efficiency improvement features, that reduce the cost of well construction. Our technology was developed over the past six years in collaboration and support of Petronas who is actively deploying iCWD in their offshore drilling operations .  iCWD, is the industry first intelligent ...