EXO U signs European distribution agreement with Genee World
New solution lets teachers quickly share instructional content in classrooms with any combination of devices and operating systems, with or without Internet access
MONTREAL, Feb. 3, 2016 /CNW Telbec/ - EXO U Inc. ("EXO U") (TSXV: EXO) the developer of the Ormi Mobile Engagement Platform, today announced that it has entered into a distribution agreement (the "Agreement") with Genee World Ltd. based out of Wolverhampton, England. The Agreement, effective as of February 2, 2016, enables the distribution of the Ormi software platform with Genee World's technology solutions for kindergarten – Grade 12 (K-12) higher education, and corporate.
The Agreement sets forth the pricing, support and maintenance services to be provided by EXO U and provides for joint sales and marketing efforts through Genee World's established network of resellers with a proven track record of success in the European education markets. EXO U appoints Genee World as the exclusive reseller of Ormi in Europe. Genee World may sell, market and distribute licenses of the Ormi software on a stand-alone basis or together with Genee World products in Europe. This agreement initially provides that every large format interactive screen sold by Genee World is bundled with a classroom license of EXO U and in subsequent years moves to a subscription service where by EXO U and Genee World will share revenue from the classroom license renewals.
Mr Ranjit Singh, CEO of Genee World commented "Genee World are delighted to have the opportunity to partner with the team at EXO U. Integrating EXO U with our existing range of Education Software has brought a new level of opportunity to our offering. The ability to provide a structured lesson flow within the classroom and across multiple devices will transform the way educators and students engage together."
Mr Kevin Pawsey, CEO of EXO U commented "I have known the Genee World team for some time and I am very pleased to have a well established distribution partner in Europe. By attaching our classroom license on our platform with each screen they sell, this agreement will help us build a large user base in Europe, starting in 2016. The relationship between whole class teaching and BYOD (Bring Your Own Device) technologies is growing and education establishments are investing in interactive displays and mobile devices. With Genee World, along with Qomo and Panasonic in the US, we are now activating extensive channels, each with existing relationships with districts and universities."
About EXO U
EXO U's shares trade on the TSX Venture Exchange under the ticker symbol EXO. EXO U develops an innovative software platform that enables businesses and educational institutions to securely mobilize and manage their mobile workforce and students by delivering engaging experiences spanning desktop and mobile applications. At the core of EXO U's platform is the smart and agnostic EXO engine that unifies multiple software platforms, allowing devices to interact and communicate seamlessly together. For more information, visit EXOU.com or follow us on Twitter @exo_u.
About Genee World
Genee World provides advanced display technology and interactive presentation tools. Key products include interactive displays, digital signage, interactive whiteboards, visualisers, audience response systems and presentation software. Their products operate seamlessly with each other and with common devices, such as tablets and smartphones. Genee World are market leaders in education, training and corporate communications. With the support and partnership of hundreds of UK and International resellers, Genee World distributes to over 80 countries across the globe.Genee World was established in 2005 and is headquarters out of the U.K. For more information, visit https://www.geneeworld.com/ or follow us on Twitter @geneeworld.
Disclaimer in Regards to Forward-Looking Statements
Certain statements included herein, including those that express management's expectations or estimates of EXO U's future performance or future events, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic, regulator and competitive uncertainties and contingencies that could cause actual results or events to differ materially from those expressed or implied in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements. EXO U disclaims any intention and assumes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws. For additional information with respect to certain of these and other assumptions and risk factors, please refer to EXO U's management's discussion and analysis for the year ended March 31, 2015, available under the Company's profile on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE EXO U Inc
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