 The period sees TERAS expanded its core businesses and technology diversification in two major areas; ETC and general Information and Communications Technology (ICT) projects.In term of corporate ownership, the highlight was divestment by Renong Berhad of its 70% equity stake in TERAS to UEM Group for RM11.3 million cash (US$5 million equivalent at that time) in June 1999.In ETC area, TERAS upgraded TRACS through the development of SmartTAG (a non-stop electronic toll collection) and completed its national implementation by 15 March 1999 (replacing PLUS TAG) at 20 toll plazas of North–South Expressway (NSE/PLUS Expressways).