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MiMedia Launches Consumer Cloud Technology In The United States

September 3, 2024
x min read
MiMedia Phone

MiMedia has built one of the most exciting new consumer cloud technology platforms in the world. And now, they are launching it into the United States for the first time.

What’s happening:

  • Consumer cloud technology company MiMedia (TSXV: MIM) has launched the first ever integration for their cloud technology in the United States with smartphone manufacturer Schok Wireless

The big idea:

  • MiMedia has built a leading edge consumer cloud technology platform that is able to be installed on any type of device and seamlessly integrate with telecommunications companies and device manufacturers globally
  • MiMedia generates revenue from their consumer cloud platform through both storage subscriptions and mobile advertising
  • Instead of attempting to capture all of the revenue generated from their consumer cloud technology, MiMedia partners directly with the device manufacturers and telecommunications companies in revenue sharing agreements

Why it matters:

  • The consumer cloud opportunity has been an enormous source of profitability for technology giants such as Apple (NASDAQ: APPL), Google (NASDAQ: GOOG) and Meta Platforms (NASDAQ: META) but there has not yet been a device agnostic technology company focused on partnering with telecommunication companies and device manufacturers who have significant distribution globally to share in the revenue upside

By the numbers:

  • MiMedia has invested more than $50M CAD into the research and development of their leading edge consumer cloud technology
  • Since inception, MiMedia has had 16 separate patents granted around their proprietary technology
  • MiMedia currently has existing contracts to integrate their cloud technology onto 35M smartphones globally within the next 24 months

Going deeper:

  • Schok Wireless is one of the fastest growing emerging players in device manufacturing in the United States and has wireless partnerships with Verizon, T-Mobile and others
  • MiMedia’s existing partnerships include leading global telecommunications companies and device manufacturers in Mexico, Latin America and the United States of America

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by MiMedia for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of MiMedia without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

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