Bos Global Holdings NL Product Distribution Agreement (6603P)
November 21 2016 - 1:01AM
UK Regulatory
TIDMBOS
RNS Number : 6603P
Bos Global Holdings NL
21 November 2016
BOS GLOBAL Holdings Ltd / Index: AIM / Epic: BOS / Sector:
Software & Computer Services
21 November 2016
BOS GLOBAL ("BOS" or "the Company")
Secures Initial Revenue Stream Via Transformational Deal to
Distribute Products Globally
BOS GLOBAL Holdings Limited, the AIM quoted software company
focused on providing businesses with productivity solutions to
drive efficient business practices and workplace engagement, is
pleased to announce the execution of a distribution agreement
between the Company's wholly owned subsidiary, BOS Distributions
Pty Ltd ("BOS Distributions"), and Ag-I Solutions Limited ("Ag-I
Solutions") which secures BOS distribution of Ag-I Solutions
products globally, and first rights to acquire the underlying
Intellectual Property ('IP') (the "Agreement"). The Agreement
provides the Company with BOS -branded market-ready products which
the Company anticipates will generate revenue in the near term. The
Agreement Term is initially for three years expiring 31 December
2019 with an additional two-year option.
Ag-I Solutions (www.ag-isolutions.com) is a software development
and licensing business headquartered in Hong Kong. Its portfolio of
successful, enterprise level cloud based solution products covering
Records, Document, Workflow and Meeting Management will be BOS
GLOBAL branded. Ag-I's products are highly synergistic with BOS'
BOS360 Work Patterns (PaaS) platform ('BOS360'), a business
optimisation support system which is currently under development.
When launched, BOS360 aims to revolutionise the way that businesses
and its workforce operate by presenting real time, actionable data
in the form of an individual, team and organisation 'Work Pattern',
allowing for timely, fact-based decisions to be made that can
deliver greater operational efficiencies, resulting in increased
bottom line performance across the enterprise.
The Agreement with Ag-I Solutions will deliver BOS a suite of
proven solutions for immediate deployment and revenue generation
and will include a licence to enhance all products for further
development and integration into BOS360. It provides for global
master distribution rights to be granted to BOS Distributions,
including the exclusive rights to brand, market and resell Ag-I
Solutions products worldwide, excluding the territory of Malaysia.
The Agreement will also provide BOS with the first option to
acquire existing, future and jointly developed intellectual
property.
The key benefits for BOS that are expected to flow from this
agreement are:
1. Immediate deployment of four BOS branded products and
generation of revenue via direct and reseller channels including
BOS own branded Internet retail site;
2. Lead generation opportunities through channel referrals from existing customer base;
3. Leveraged distribution network to overlay BOS360 Work
Patterns (PaaS) to existing customers and related channels;
4. Reduced operational expense in terms of BOS expansion,
software development and support costs; and
5. Organic income and asset accretion in the event the IP is acquired.
Michael Travia, Managing Director of BOS, said: "This is a
milestone agreement for BOS. It provides us with four new BOS
branded products with an existing client base and therefore a new
revenue stream to the BOS360 business. These products closely
complement our BOS360 ecosystem designed to drive efficiency in the
work place and deliver significant financial gains for clients.
Importantly, this agreement enables BOS to fast track and 'boot
strap' its BOS360 PaaS development with its own five complimentary
software products over the same global distribution and reseller
channels under development in Asia, UK & Europe and North
America."
"Our BOS360 platform as a service is anticipated for launch in
May 2017 and will tap into the increasing demand from businesses
for 'generational solutions' which facilitate work-place
efficiency. I wish to thank the executive teams from both companies
for their hard work to complete this Agreement six weeks ahead of
schedule, and therefore have the four new BOS branded products
ready for sale in the next three weeks. I am very excited about
what the combined efforts and skills of both parties can deliver
going forward."
Stephen Kucia, Group Managing Director of Ag-I Solutions
Limited, said: "Over the past five years the Ag-I team has been
steadily building a solid business focussed on a suite of defined
enterprise grade products. Our core capability is in software
development, so it makes perfect sense to leverage BOS' marketing
and global sales capabilities and to be part of the larger
opportunity with the BOS360 Work Patterns rollout."
This Agreement fits within the existing design of the BOS360
Work Patterns system, including that of BOS own existing patents
granted and international patents pending.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
**ENDS**
For further information please visit www.bosglobal.com or
contact:
Michael Travia BOS GLOBAL Holdings Tel: +61 (0) 8
Managing Director Limited 9322 4071
E: shareholder@bosglobal.com
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Oliver Morse RFC Ambrian Limited Tel: +61 (0) 8
NOMAD and 9480 2500
Broker
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Elisabeth St Brides Partners Tel: +44 (0) 20
Cowell / Charlotte Ltd 7236 1177
Page
Financial
PR
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About BOS GLOBAL
BOS GLOBAL is a software company focussed on creating enterprise
productivity solutions for the global workforce market. It does
this through a blend of business process automation, intelligence
gathering and advanced analytics to drive efficient business
practices and workplace engagement.
The Company is currently developing the BOS360 Work Patterns
Platform based upon its existing and international patent pending
research and development, and to provide businesses with a
comprehensive platform through which they can capture, manage and
measure productivity in real time at the individual, team and
organisational level.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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