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 presents the Market Outlook on Monday and Friday. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.