MONTREAL, 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 six
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
EXO U's shares trade on the TSX Venture
Exchange under the ticker symbol EXO. EXO U develops an innovative
software platform which 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. EXO U was recently a finalist for the 2016 SIIA CODiE
Award. For more information, visit http://www.exou.com and follow
us on Twitter @exo_u.
Cautionary Note Regarding Forward-Looking
Information
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 information" within the meaning of applicable
securities laws. Such forward-looking information and statements
are often, but not always, identified by the use of words such as
""plans", "expects", "estimates", "intends", "anticipates", or
"believes", or variations of such words and phrases (or the
negative form thereof) or statements that certain actions, events
or results "may", "could", "would", "might", or "will" be taken,
occur or be achieved. Forward-looking information is 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, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information. 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. Forward-looking
information contained herein is presented as of the date of this
news release and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results, except as may be required by applicable
securities laws. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers are cautioned not to place undue
reliance on these forward-looking statements.
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