NOR 0.00% 4.9¢ norwood systems limited

Positive news flow, page-20

  1. Doz
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    We commenced developing two global go-to-market partnerships* with vendors who have a combined total of 1,500 service provider clients – both of which are still in-progress, and continuing to develop positively
    * With Oracle and Metaswitch, as previously disclosed.
    As per AGM Presentation 28/11/19

    Norwood confirms that it is still in talks relating to go-to-market distribution partnerships for World Voicemail with a number of prospective Telco vendors and a number of prospective Telcos. Agreements were expected during this quarter, however the COVID-19 situation has slowed down such negotiations temporarily. Norwood is continuing to engage with prospective vendors and expects more clarity on the exact timining of agreement finalisations once relatively normal business conditions resume internationally
    As per March Quarterly 30/04/20

    Notes of interest : Metaswitch
    Notes of interest : Agreements were expected during March quarter

    Maybe , maybe not - if Metaswitch was deep in negotiations with Microsoft , re take over - this could provide a feasible reason for an unexpected delay in an expected partnership agreement . The excuse provided re covid19 did not seem to delay Microsoft’s buy out of Metaswitch , but a offer contract clause may have restricted any new agreements during the negotiation period . imo
 
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