The Freeway SDK (“Software Development Kit”) will be embedded into apps that are preloaded on 10 Android smartphones, launching during this current quarter. These apps employing the Freeway SDK are subject to a monthly app royalty paid to the Company. Revenue recognition associated with these preloaded apps will commence during the quarter.
I don't think they necessarily mean new phones being launched GR
May be a mix of new and some already in the market place
To me I guess the main thing to focus on in this paragraph is that it has gone from 2 phones preloaded in July to another 10 preloaded only 3 months on
Rahul said they had proven quite quickly to a wider audience within Verizon how much our technology can aide them moving forward into an era based on 'Content'
I think we are only starting to see the beginning of just how deep our relationship will go with Verizon
And the deeper that relationship grows, will only have a snowball effect for Syntonic within the whole industry
Enjoying the Syntonic journey and very happy with our last Company Update
SYT Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held