New solution lets teachers quickly share
instructional content in classrooms with any combination of devices
and operating systems, with or without Internet access
MONTREAL, Feb. 3, 2016 /CNW Telbec/ - EXO U
Inc. ("EXO U") (TSXV: EXO) the developer of the Ormi
Mobile Engagement Platform, today announced that it has entered
into a distribution agreement (the "Agreement") with Genee
World Ltd. based out of Wolverhampton,
England. The Agreement, effective as of February 2,
2016, enables the distribution of the Ormi software platform
with Genee World's technology solutions for kindergarten –
Grade 12 (K-12) higher education, and corporate.
The Agreement sets forth the pricing, support and maintenance
services to be provided by EXO U and provides for joint sales and
marketing efforts through Genee World's established network of
resellers with a proven track record of success in the European
education markets. EXO U appoints Genee World as
the exclusive reseller of Ormi in Europe. Genee
World may sell, market and distribute licenses of the Ormi software
on a stand-alone basis or together with Genee World products in
Europe. This agreement initially provides that every large
format interactive screen sold by Genee World is bundled with a
classroom license of EXO U and in subsequent years moves
to a subscription service where by EXO U and Genee World
will share revenue from the classroom license
renewals.
Mr Ranjit Singh, CEO of Genee
World commented "Genee World are delighted to have the opportunity
to partner with the team at EXO U. Integrating EXO U with our
existing range of Education Software has brought a new level of
opportunity to our offering. The ability to provide a structured
lesson flow within the classroom and across multiple devices will
transform the way educators and students engage together."
Mr Kevin Pawsey, CEO of EXO U
commented "I have known the Genee World team for some time and I am
very pleased to have a well established distribution partner in
Europe. By attaching our classroom
license on our platform with each screen they sell, this agreement
will help us build a large user base in Europe, starting in 2016. The relationship
between whole class teaching and BYOD (Bring Your Own Device)
technologies is growing and education establishments are investing
in interactive displays and mobile devices. With Genee World, along
with Qomo and Panasonic in the US, we are now activating
extensive channels, each with existing relationships with districts
and universities."
About EXO U
EXO U's shares trade on the TSX Venture Exchange under the
ticker symbol EXO. EXO U develops an innovative software platform
that enables businesses and educational institutions to securely
mobilize and manage their mobile workforce and students by
delivering engaging experiences spanning desktop and mobile
applications. At the core of EXO U's platform is the smart and
agnostic EXO engine that unifies multiple software platforms,
allowing devices to interact and communicate seamlessly together.
For more information, visit EXOU.com or follow us on Twitter
@exo_u.
About Genee World
Genee World provides advanced display technology and interactive
presentation tools. Key products include interactive displays,
digital signage, interactive whiteboards, visualisers, audience
response systems and presentation software. Their products operate
seamlessly with each other and with common devices, such as tablets
and smartphones. Genee World are market leaders in education,
training and corporate communications. With the support and
partnership of hundreds of UK and International resellers, Genee
World distributes to over 80 countries across the globe.Genee World
was established in 2005 and is headquarters out of the
U.K. For more information, visit https://www.geneeworld.com/
or follow us on Twitter @geneeworld.
Disclaimer in Regards to Forward-Looking Statements
Certain statements included herein, including those that express
management's expectations or estimates of EXO U's future
performance or future events, constitute "forward-looking
statements" within the meaning of applicable securities laws.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant
business, economic, regulator and competitive uncertainties and
contingencies that could cause actual results or events to differ
materially from those expressed or implied in such statements.
Readers are cautioned not to place undue reliance on these
forward-looking statements. EXO U disclaims any intention and
assumes no obligation to update or revise any forward-looking
statements, except as required by applicable securities laws. For
additional information with respect to certain of these and other
assumptions and risk factors, please refer to EXO U's management's
discussion and analysis for the year ended March 31, 2015, available under the Company's
profile on SEDAR at www.sedar.com.
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