Magor Achieves Customer Wins in the Enterprise Market with Three New Contracts Totaling Over $140,000
OTTAWA, ON, May 13, 2013 /CNW/ - Magor Corporation (TSX-V: MCC), a global leader in visual collaboration solutions, today announced that it has won contracts collectively valued at over $140,000 with three new Canadian customers for installation of its Room-based and All-in-One units across various locations in Canada. In addition, Magor expects maintenance and licensing fees, which equate to approximately 18% of the contract value to be paid annually.
"More and more enterprises are realizing the benefits of Magor's disruptive peer-to-peer high-definition video and collaboration architecture over their current traditional video conferencing meet-on-the bridge platforms," said Mike Pascoe, President and CEO of Magor Corporation. "Magor's collaboration technology eliminates the need for costly hardware-based Multipoint Control Units (MCU's), also known as bridges, used by traditional solutions. Our customers, thus, benefit from collaborating in a more natural and flexible environment rather than working in a single workflow model enforced by traditional video conferencing solutions. As the result of this disruption we are creating in the market, we are seeing success within new corporate sectors, and we expect this momentum to continue."
About Magor Corporation:
Magor enables people to engage in high-quality visual conversations while simultaneously sharing, viewing and editing relevant collaborative material on desktops, laptops, tablets, smartphone applications, whiteboards and other devices. Magor fits any workflow so that users have the freedom to work together naturally anytime, regardless of location, network or device. To find out more about Magor Corporation (TSX-V: MCC), visit our website at http://www.magorcorp.com.
Neither 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 Magor Corporation
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