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EXO U Announces an Amendment to Previously Announced Reseller Agreement with Panasonic for the Distribution of Ormiboard ProMONTREAL, June 28, 2016 /CNW Telbec/ - EXO U Inc. ("EXO U" or the "Corporation") (TSXV: EXO) today announced that it has entered into an amendment (the "Amendment") to the previously announced reseller agreement (the "Agreement") with a division of Panasonic Corporation of North America ("Panasonic"). The Amendment provides for the sale and distribution of 1,500 Ormiboard Pro licenses with Panasonic's technology solutions for kindergarten – Grade 12 (K-12), higher education, and professional meeting spaces. EXO U will provide licensing of its Ormiboard Pro software to Panasonic for one year, renewing on an annual basis thereafter. The Amendment sets forth the pricing, support and maintenance services to be provided by EXO U and provides for joint sales and marketing efforts through Panasonic's established network of resellers with a proven track record of success in the U.S. education markets. The device-agnostic Ormiboard Pro goes beyond presenting and testing by opening up whole-class creation and participation. With ping-pong sharing and group collaboration, Ormiboard Pro users create sessions where everyone can watch and participate in the lessons. In a classroom setting, teachers can select a screen from a student device and share it on the front-of-class display. Ormiboard Pro is designed for schools and districts and is primarily offered through distribution channels. Ormiboard Pro is an installed software with a perpetual license and enables complete device integration and collaborative sharing over existing networks via local WIFI (no internet access required). Ormiboard Pro is optimized for fast speed and split-view capabilities for multi-touch panels and tables, and gives administrators dashboard control over building, classroom, teacher, user and content grouping. Kevin Pawsey, CEO of EXO U, stated, "We have worked with Panasonic closely over the last sx months to really understand their customers' requirements and this commitment to Ormiboard Pro is a testament to really focusing on the functionality within Ormi that resonated most to prospects. I am very pleased with how we have worked together and that we now have a commitment from this top-tier, international company". Dan Deem, Director of Sales, Visual Systems for Panasonic, added, "We are excited to add Ormiboard Pro to our collaborative offering for education and business customers. It's a great marriage between two high end technology brands". About EXO U Cautionary Note Regarding Forward-Looking Information Neither the 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 EXO U Inc |