Crunchfish extends cooperation with mobile phone manufacturer TCL Communication

Crunchfish
Crunchfish

Press release, Malmö December 29, 2016 - Crunchfish has signed a supplementary license agreement with the global mobile phone manufacturer TCL Communication. The agreement gives TCL the right to use additional gestures from Crunchfish’s software for gesture control in their global phone model Alcatel Shine Lite. The agreement is a two-year  extension of an existing license agreement. The transaction gives Crunchfish license revenues from a royalty per manufactured phone. The business value cannot be determined at this time, since the agreement doesn’t stipulate how many phones will be manufactured yearly.

“The agreement strengthens our opinion that selfie features with gesture control continues to be of importance to mobile phone manufacturers in their endeavours to differentiate new models. We also see the agreement as further confirmation of our leading position within gesture control software in this segment”, says Joakim Nydemark, CEO of Crunchfish.

Chinese TCL Communication is a global manufacturer of mobile phones and an internet provider. The company sold more than 40 million mobile phones in over 160 countries in 2015 and has 13,000 employees. According to research and advisory firm Gartner, TCL is the sixth largest mobile phone manufacturer globally. TCL is listed on the Hong Kong Stock Exchange.

For further information, please contact:
Joakim Nydemark, CEO Crunchfish
ir@crunchfish.com
+46 (0)40 626 77 00

 

This information is information that Crunchfish AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on December 29, 2017.

 

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