Xped signs MOU with Arcadyan for technology licences

Company News

by Jessica Amir

Smartphone technology company, Xped Limited (ASX: XPE), has signed a Memorandum of Understanding (MOU) with Arcadyan Technology Company.

Arcadyan is based in Taiwan and is a major supplier of gateway devices to telcos, internet service providers and retailers.

The MOU will see Xped develop technologies for Arcadyan’s customers.

Subject to formal licensing deals being signed, Xped expects to start earning revenue in the fourth quarter of 2017.

Xped Limited posted a net loss of $3.1 million at 30 June 2016.

 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.