QualityStocks would like to highlight XcelMobility (
OTCBB: XCLL), a US based company engaged primarily in the research, development, and commercialization of applications for mobile devices that access the Internet utilizing mobile phone networks. The company's current focus is in Asia, due to the size of the market and the high use of mobile devices to access the Internet and the cloud. XcelMobility executes its business model through several subsidiaries located in Hong Kong and Shenzhen, China.
In the company’s news,
XcelMobility has entered into a strategic collaboration with three leading players in China’s mobile technology market to roll-out the next-generation of LBS mobile devices, for which the company expects to have a beta-version of before year-end.
“In the past year, we have dedicated our efforts towards the creation of superior LBS platform, as we believe the future in mobile computing lies within the ongoing development and convergence of LBS solutions and mobile devices,” Ron Strauss, executive chairman of the board of XCLL, stated in the press release. “We are pleased with our success in producing the next-generation of LBS technology as we can now play a leading role in the wearable computing world, which is expected to be the next frontier of mobile computing.”
Per the agreement, XCLL will be responsible for the overall management and marketing of the LBS-device initiative and will develop the application programming interface utilizing its patented mobile location-based tracking service for smartphones.
The three companies that Xcel will be working with include:
Tianditu Ltd. – China’s exclusive, government-sanctioned Web-mapping service and controller of detailed and up-to-date mapping data online. XCLL reports that Tianditu’s database of geographic information and position as one of the today’s most visited Web portals in China, making it vital to the LBS solution.
NingBo BoYan Software Technologies Ltd. – Developer of RVSP, an intelligent personal assistant and knowledge navigator which utilizes a natural language user interface to answer questions, make recommendations, and perform actions by delegating requests to a set of Web services. Today, RSVP is the only system that has both English and Chinese natural language search capability. The RSVP voice actuated system will be incorporated into the LBS technology and will function similarly to “SIRI.”
UMEOX Mobile Ltd., – An international mobile phone manufacturer that has delivered more than 20 million mobile devices to the largest mobile distributors in China. The company is working on numerous projects related to wearable computing. UMEOX will work closely with XCLL to integrate the technologies from each partner onto the next generation wearable computing device.
“Our strategic collaboration with the other mobile technology leaders offers the potential to change the entire landscape of wearable computing in China,” Strauss stated. “It takes a strong team of engineers, technology leaders and key relationships to effectively transform the way a country communicates. We are excited to move forward with this consortium as we begin to introduce these new revolutionary technologies.”
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
