QualityStocks would like to highlight XcelMobility (OTCBB: XCLL), a U.S.-based company focused on the research, development, and commercialization of technologies for mobile internet users. The company develops innovative products which considerably enhance the internet performance of smartphones, tablets, and netbooks when connected to cellular carriers. Due to the vast size of the mobile market in Asia, and the inherent propensity to connect to the internet using mobile devices, XcelMobility believes that shareholder value is best served by focusing commercialization efforts in the Asian marketplace prior to a product roll out on a global scale.
In the company’s news yesterday,
XcelMobility says the current plan is to create a rapid entry into the market and to boost marketing efforts as quickly as possible by proposing an initial product run of an estimated minimum order of at least 100,000 USB mobility devices.
ZTE is a global provider and original equipment manufacturer (OEM) of telecommunications equipment and network solutions. The company’s customer base includes more than 500 operators in more than 140 countries around the world.
The announcement marks Xcel’s second supply contract with ZTE. The two companies previously executed an agreement to manufacture the Mach 5 devices for China Unicom, the third-largest mobile provider in the world.
“This is a significant endorsement for Xcelmobility. The success of the first contract with ZTE has paved the way for this opportunity and hopefully many others. We hope to conclude an exclusive agreement with ZTE for offering USB modems in Indonesia within the next 30 days,” Xcel CEO Ryan Ge stated in the press release.
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