Zi Corp. says that it has renewed its License Agreement with Nokia for a multi year period. The License Agreement provides for the deployment of Zi's predictive text services, eZiType and eZiText on Nokia's wireless phones and covers a full suite of languages.
The contract includes a significant initial payment to be paid after closing, and then quarterly installments from then on during the life of the contract.
"This is a banner day for our entire organization," commented Milos Djokovic, President and Chief Executive Officer of Zi Corporation. "Nokia is the world's #1 manufacturer of mobile devices, with an estimated 40% share of global device market, selling approximately 437 million mobile phones in more than 150 countries in 2007. This renewal expresses Nokia's confidence in Zi as a key supplier and opens the door for further opportunities to work with Nokia on other projects. It is also a testimony to the employees of Zi who continue to work diligently in executing the turnaround strategy this management set in motion almost 2 years ago." Djokovic concluded.
Posted to the site on 28th August 2008
Posted to: www.cellular-news.com/story/33295.php