MiMedia Holdings Ltd. provided an update on its rollout in the US with partner and smartphone maker Schok LLC ("Schok"). Founded in 2018 and headquartered in Frisco, Texas, Schok is a pioneer in the smartphone industry with a mission to redefine the market for entry-level smartphones. Their smartphones are designed to offer exceptional quality, modern design, software and robust performance capabilities at competitive prices, providing consumers with high-quality alternatives to the more costly options currently available.
MiMedia is a next generation consumer cloud platform that partners with smartphone makers and telecom carriers globally to provide their consumers with a unique personal cloud experience that enables all types of personal media to be secured in the cloud, accessed seamlessly, across all devices and operating systems and at any time. MiMedia's consumer cloud platform will provide Shock with a churn-reducing product, deliver immediate market differentiation and enable multiple high-margin and recurring revenue streams. As part of the multi-year Agreement, MiMedia will integrate its platform directly onto 5 million mobile devices over the next 24 months, including smartphones and tablets. As noted in a previous press release, integration and deployment of Schok smartphones with MiMedia integrated has already started in the US.
