Here is a PR I could have never anticipate:
Runcom Technologies to invest in IXI Mobile.
Runcom Technologies is a Israeli Startup developing WiMAX chipsets and devices, while IXI Mobile develop the OGO Device, a Messaging device working in Cellular Networks.
The PR is very clear, while I don’t really understand the “why”.
The parties believe that this partnership creates a synergy that is intended to enable them to combine IXI’s leading technology with Runcom’s WiMAX (4G) capabilities for mobile and fixed rich media solutions. The parties intend to develop new services, devices and software clients in addition to large data convergence projects. Furthermore, the parties believe that this transaction will enable them to leverage each others’ existing customer base, while expanding based on new offerings
For which market do Runcom intend this device?
Disclaimer: I believe I still own IXI Mobile stock from the short period I used to work there, but I am sure they amount to nothing.