MONTREAL, Dec. 3, 2015 /CNW Telbec/ - EXO U Inc. ("EXO U") (TSXV : EXO), the developer of the EXO U Mobile Engagement Platform, today announced that it has entered into a reseller agreement (the "Agreement") with a division of Panasonic Corporation of North America ("Panasonic"). The Agreement, effective as of November 24, 2015, enables the distribution of EXO U's software platform with Panasonic's technology solutions for kindergarten – Grade 12 (K-12) and higher education. EXO U will provide non-exclusive, worldwide licensing of its software to Panasonic for one year, renewing on an annual basis thereafter. 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 Panasonic's established network of resellers with a proven track record of success in the U.S. education markets.
EXO U's platform unifies Panasonic's interactive educational technology by enabling students, teachers and administrators to learn, communicate, share and create digital content for use on many devices at once. This expands the teacher's ability to integrate a broad range of mobile devices, backed by an array of teaching and classroom management tools, while maintaining engagement and motivation of students.
Mr. Kevin Pawsey, Chief Executive Officer of EXO U commented: "EXO U and Panasonic are aligned in our shared commitment to providing teachers, instructors and students with the most effective teaching technologies and tools, today and tomorrow. I think it's a compelling solution; combining Panasonic's best-of-breed technology with EXO U's mobile engagement platform, to unify the learning experience in and out of the classroom. Having worked with Panasonic previously, I can appreciate the quality of everything associated with the Panasonic brand within education. I am very excited to be working with such a professional organization and look forward to a successful partnership to better serve educators".
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. It enables true mobility for businesses and educational organizations by solving important mobility issues such as security, privacy, collaboration, and management of application and content. EXO U's technology agnostic framework delivers to end users a safe, reliable, and intuitive smart workspace designed for connecting with people, accessing services, and sharing information and digital content, while requiring minimal infrastructure and optional Internet connectivity. It simplifies management of the entire application lifecycle, freeing the organizations to focus on building engaging apps that work across different operating systems and form factors, thus increasing productivity for developers and reducing total cost of ownership for organizations. By offering an engaging and exceptional user experience on all computing devices, without compromising security or protected information, the EXO U enterprise and education solutions allow organizations to embrace consumerization and enjoy all the benefits of mobile. For more information, visit http://www.exou.com and follow us on Twitter @exo u.
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, regulatory 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.
For more information please visit www.exou.com.
SOURCE EXO U Inc
For further information: For investor inquiries, please contact: Mr. Kevin Pawsey, Chief Executive Officer, EXO U Inc., Phone: (508) 367-1729, E-mail: [email protected]; Mr. Shan Ahdoot, President, EXO U Inc., Phone: (480) 313-5983, E-mail: [email protected]; For journalist inquiries, please contact: Mr. Ian Bryan, Vice President, Marketing, EXO U Inc., Phone: (678) 727-9263, E-mail: [email protected]