News and Announcements
OpenDNA Limited (ASX: OPN) Signs MoU with Progressive Android Handset Manufacturer & Supplier Future Mobile Technology
- Published June 28, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Leading artificial intelligence company OpenDNA Limited (ASX: OPN) is pleased to announce the signature of a binding Memorandum of Understanding (“MOU”) with progressive Android handset manufacturer and supplier Future Mobile Technology (“FMT”), following which the parties will pursue opportunities in connection with the utilisation by FMT of OpenDNA’s personalisation and artificial intelligence technology in relation to its mobile devices.
KEY TAKEAWAYS:
- Binding MOU signed with Future Mobile Technology (“FMT”), manufacturer and provider of the high-quality “Netsurfer” range of Android mobile devices to the European and African markets
- Jottr,OpenDNA’s personalized content App, will be available on Google’s Play Store and pre-loaded on Netsurfer handsets and will host over 2,000 sources of rich content streams
- Through this pioneering development,OpenDNA-enriched Netsurfer Devices will “learn” and tailor news, entertainment, sports, technology, and lifestyle content to each individual user
- The strongly-growing Netsurfer brand provides a potentially lucrative opportunity under the MOU forOpenDNAto share in revenue derived by FMT from its user base
- OpenDNA’s innovative machine learning-powered personalization technology opens the way for Android device manufacturers to tailor services and content across Google’s rich content ecosystem, paving the way for the “Internet of Me”
In relation to the signing of the MOU, OpenDNA Managing Director and CEO Jay Shah said:
“Netsurfer products are beautifully designed and tailored to their customer base and we are excited about the opportunity to leverage our technology to push the boundaries even further by offering each individual user a highly tailored, personalized content experience. Smart devices have become integral to our lives – especially when we personalize them exactly to our preferences – and we are excited about the new era which OpenDNA is helping to usher in, whereby your device will personalize itself to your interests simply by using it.”
Tracy Andersson, FMT’s CEO, said:
“We recognise that OpenDNA is pioneering the way for machine learning to assist makers of smart devices to tailor content experiences for their users. Our partnership with OpenDNA was a natural fit – we want our users to ‘love their Netsurfer’ and the content experience is a major part of making that a reality.”
Company Updates
Everything is now competing for the same dollar
Key takeaways As recently as 2022, Germany and Japan could borrow for 30 years at close to zero. That world is gone, and AI is now bidding for what is left. Over the past fortnight, I listened to founders, operators and allocators describe where their industries are heading. They covered four very different frontiers. Each […]
Australia has not held 90 days of fuel since 2012. The fix may start at a sewage plant.
A decommissioned council treatment site in Bundaberg is being built into a $188.9 million biorefinery. Its managing director is candid that the largest revenue line is not yet contracted. Australia has not met its international 90-day fuel reserve obligation since 2012. Around 90 per cent of the country’s liquid fuel is imported. Andy Whitmore, Managing […]
Forget Startups: Why Magnetic Alliance is Betting on “Boring” Mid-Market Turnarounds
While Australia’s venture capital scene spent years chasing unprofitable tech startups and speculative high-growth plays, Mark Lim was quietly taking a radically different path. The Managing Partner of Magnetic Alliance Capital sees the nation’s richest investment opportunities hiding in plain sight: inside thousands of unglamorous, profitable, but operationally sluggish mid-market businesses. Speaking on Wholesale Investor’s […]
Backed By Leading Investment Groups and Family Offices
