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.