NEW
YORK, April 29, 2024 /CNW/ - MiMedia Holdings
Ltd. (TSXV: MIM) ("MiMedia", "Company") is
pleased to announce the deployment of its mobile app to 100K+
Android smartphones in Puerto Rico
with existing partner PCD via the Company's new deployment
capability.
Highlighted last February as a significant technical
achievement for the Company, this new deployment approach features
the same depth or level of integration on existing smartphones
already in consumer hands that the Company achieves when
integrating onto new smartphones being newly built and coming to
market. With this new capability, MiMedia dramatically widens
its addressable smartphones for integration to all devices
currently in market as well as those coming to market of an
existing partner or any new partner in the pipeline.
While MiMedia had previously conducted successful smaller tests
of this new deployment capability, this recent deployment
represents our biggest to date and the first at greater than
100K smartphones in one run.
The Company is currently planning and working on similar sized
deployments of this new type in the coming months with several of
our existing partners as well as potential new partners.
As noted, this new deployment approach adds to the integration
approach that MiMedia executes on smartphones being built from
scratch. Current partners, such as Orbic, are now ramping up
shipments in Q2 of newly built smartphones and tablets with MiMedia
integrated in advance of the cyclically stronger second half of the
year for the smartphone market.
"We look forward to the engagement of MiMedia on these
smartphones in the coming weeks and to deploying our revenue
engines against these smartphones. This integration and
deployment occurred without a hitch and will greatly increase our
speed to market with existing and new partners. We look
forward to future deployments of this size and greater in the
coming months and the associated engagement and revenue that will
come soon thereafter. As noted earlier this year, we are
excited for a breakout year in 2024 based on the projected and
contracted volume of our existing partners, the greater speed to
market afforded by this new integration capability and our rapidly
expanding pipeline which we expect will deliver newly signed
partners in the coming months," said Chris
Giordano, MiMedia CEO.
About MiMedia: MiMedia Holdings Inc provides a
next-generation consumer cloud platform that enables all types of
personal media to be secured in the cloud, accessed seamlessly at
any time, across all devices and on all operating systems. The
company's platform differentiates with its rich media experience,
robust organization tools, private sharing capabilities and
features that drive content re-engagement. MiMedia partners with
smartphone makers and telecom carriers globally and provides its
partners with recurring revenue streams, improved customer
retention and market differentiation. The platform services
millions of engaged users around the world.
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding MiMedia,
and their respective businesses, which may include, but is not
limited to, statements with respect to the completion of a
Transaction, appointment or any other decision made by the
business. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "is expected",
"expects", "scheduled", "intends", "contemplates", "anticipates",
"believes", "proposes" or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved. Such statements are based on
the current expectations of the management of MiMedia. The
for-ward-looking events and circumstances discussed in this
release, may not occur by certain specified dates or at all and
could differ materially as a result of known and unknown risk
factors and uncertainties affecting the companies, including risks
regarding the MiMedia industry, failure to obtain regulatory or
shareholder approvals, economic factors, the equity markets
generally and risks associated with growth and competition.
Although MiMedia have attempted to identify important factors that
could cause actual actions, events, or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events, or results to differ from
those anticipated, estimated or intended. No forward-looking
statement can be guaranteed. Except as required by applicable
securities laws, forward-looking statements speak only as of the
date on which they are made and MiMedia undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
SOURCE MiMedia