Cloud network solutions company Netlinkz (ASX:NET) announces it has signed a Memorandum of Understanding with iSoftStone Information Technology.
This is to establish a joint venture company in China to distribute and sell products developed from the Beijing Internet of Things lab.
ISS has expertise in creating software in-a-box solutions and, with NetLinkz VIN and VSP software, the joint venture company will be able to provide a fully secure mesh network that has greater flexibility.
The joint venture company will announce the new branding names for VIN and VSP as well as its new products for China in the coming weeks.
Shares in Netlinkz (ASX:NET) are trading 7.55 per cent higher at $0.29.