IQO Inteliqo Limited

 
TIDMIQO 
 
8 August 2023 
 
Inteliqo Limited 
 
("Inteliqo", the "Company") 
 
Langaroo App 
 
Inteliqo (AQSE: IQO), a start-up technology company that provides sales, 
marketing and distribution services to technology product owners under long-term 
distribution agreements, is pleased to announce that it has successfully 
acquired the Exclusive Sales and Marketing rights to the Langaroo App globally. 
The commercial relationship with the Langaroo App and brand is governed by two 
agreements. 
 
The first agreement is an Exclusive Sales and Marketing Agency Agreement between 
Ipedia Technologies Commercial Brokers L.L.C ("Ipedia") and Inteliqo. This 
agreement confirms Ipedia's ownership of all intellectual property rights in the 
Langaroo App and grants Inteliqo the exclusive, worldwide rights to carry out, 
with the right to sub-license, a broad range of services, including the 
promotion, marketing, offer for sale and sale of the Langaroo App. This 
agreement is in place for 20 years. The second agreement is a Revenue Share 
Agreement between Ipedia, Inteliqo and HKML Limited ("HKML"). Like the Exclusive 
Sales and Marketing Agency Agreement, the Revenue Share Agreement is in place 
for 20 years. 
 
About Langaroo 
 
Langaroo is a mobile application that enables users to understand, speak, 
message, and share information across over 130 languages. It serves as the 
ultimate translation buddy, facilitating seamless communication for users in 
various scenarios. 
 
Langaroo is a pioneering brand that will be launching a ground-breaking cross 
-cultural communication app in August 2023, redefining how individuals interact 
globally. With the aim of connecting people across language barriers, Langaroo's 
innovative smartphone app empowers users to seamlessly understand, speak, 
message, and share information, revolutionising the way we communicate on a 
global scale. 
 
Boasting an impressive portfolio of over 130 supported languages, Langaroo 
positions itself as the ultimate translation tool, facilitating smooth 
communication for users worldwide. At the core of the App lies Langaroo Chat, 
enabling an effortless exchange of translated voice notes and text messages with 
anyone, anywhere, from personal chats with friends to international business 
communications. 
 
Langaroo Chat includes all the features you would expect of a modern messaging 
platform, offering both one-to-one and group chat, allowing users to converse in 
their preferred language while messages are instantly translated for universal 
comprehension. Security is of utmost importance, and Langaroo aims to ensure 
user confidence through robust end-to-end encryption, making it safe to share 
sensitive information. Furthermore, Langaroo integrates an intuitive file 
-sharing feature, enabling seamless exchanges of documents, videos, and images, 
making it a comprehensive tool for international collaboration. 
 
Langaroo's innovation doesn't stop there, the App also features: 
 
Langaroo translate - an innovative two-way translator that enables smooth 
conversations regardless of the language spoken. Users can communicate 
effortlessly with individuals from different linguistic backgrounds, fostering 
global understanding and cooperation. 
 
Langaroo scan translate - further enhances the user experience by providing real 
-time translations of photos and documents with a single scan or upload. This 
remarkable feature offers unmatched convenience in various scenarios, whether 
it's reading menus at foreign restaurants, navigating unfamiliar cities, or 
understanding business documents. 
 
Langaroo video translate - enables users to enjoy their favourite YouTube videos 
in their native language through swiftly generated captions. No longer will 
language be a barrier to accessing valuable content, as Langaroo empowers 
individuals to consume videos seamlessly and stay connected to global trends. 
 
Langaroo has ambitious plans for further growth and expansion. Upcoming features 
include: 
 
Langaroo Groups - A hub of vibrant global communities, enabling users to connect 
with like-minded individuals who share their interests and passions. From 
social, learning, and dating to professional networking, study circles, and 
fitness communities, Langaroo aims to foster meaningful connections across 
different languages. 
 
The LangScape - A dynamic map, with real-time location tracking, offers users 
the opportunity to connect in person with friends and groups they have connected 
with through Langaroo. Customisable visibility settings will allow users to 
control who can see their location and contact them, ensuring privacy and 
flexibility. 
 
Translated Voice and Video Calls - Seamless voice and video calls with loved 
ones, colleagues, and friends worldwide, regardless of the language with built 
-in transcribed translation. This translated calling functionality reaffirms 
Langaroo's commitment to bridging gaps and facilitating clear communication on a 
global scale. 
 
Langaroo envisions becoming a leading player in the cross-cultural communication 
landscape. With its pioneering technology and dedication to customer-centric 
solutions, Langaroo aims to empower users to connect with the world effortlessly 
through their mobile devices, improving global communication for both individual 
and business users. 
 
For more information, please visit Langaroo's website: https://langaroo.co 
 
Inteliqo's income will flow from the sales of subscriptions or territory licence 
agreements, benefiting from a proportion of revenue as defined in the Revenue 
Share Agreement. 
 
During the last quarter (April to June), Langaroo has successfully initiated the 
sale of business licenses and pre-subscriptions for the app. The results during 
this period have been encouraging and reflect the strong demand that exists. 
 
Over the three-month period, more than 400 business licenses and over 13,500 
annual subscriptions have been sold. 
 
As a result, Langaroo has generated revenue of over $1.5 million. 
 
This announcement contains information which, prior to its disclosure, 
constituted inside information as stipulated under Regulation 11 of the Market 
Abuse (Amendment)(EU Exit) Regulations 2019/310 (as amended). 
 
This announcement may contain "forward-looking" statements and information 
relating to the Company. These statements are based on the belief of Company 
management, as well as assumptions made by and information currently available 
to Company management. The Company does not undertake to update forward-looking 
statements or forward-looking information, except as required by law. 
 
The directors of Inteliqo Limited accept responsibility for this announcement. 
 
For more information, please contact: 
 
Inteliqo LimitedJoseph Hill                                j.hill@inteliqo.com 
First Sentinel Corporate Finance LimitedBrian Stockbridge  +44 (0) 203989 2222 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/inteliqo-ltd/r/langaroo-app,c3814498 
 
 
END 
 
 

(END) Dow Jones Newswires

August 08, 2023 02:05 ET (06:05 GMT)

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