Pangeanic has been awarded EU funds under the FEDER programme and Valencia’s local government IMPIVA in order to advance our Statistical Machine Translation technologies. The award number is IMIDTA/2010/1016. For Pangeanic this is extremely useful as it enables the company to keep on innovating and improving in the MT arena. The award corroborates the company’s long-term drive to implement, develop and offer customized translation automation solutions that accelerate and cut down multilingual translation costs.