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Statement

INSTITUTE word in the long name of SMARTii Company

The Smartii Ltd is a profit-oriented private company. The expression "Institution" in its name does not mean any state or local governmental influence, because there is no such as within the company.

The expression "institute" is used in its meaning that our own goals are the following: scientific research, developing innovations into products, taking products into the market.

According to the wictionary:

The word "insitution" means: A smaller institution founded for an own purpose which serves scientific, cultural or civil service goals.

Further socification: An institute serving a special goal in the field of health care, justice and civil service.

(Source: http://wikiszotar.hu/wiki/magyar_ertelmezo_szotar/Int%C3%A9zet )