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FLEXIROAM LAUNCHES ESIM SUPPORT FOR IPHONE GLOBALLY FLEXIROAM Limited (ASX: FRX) (FLEXIROAM or the Company), the leading global mobile data provider offering connectivity solutions in over 200 countries and territories, is pleased to announce that it has launched eSIM support for iPhone on its network (https://support.apple.com/en-us/HT209096).
iPhone users can now activate an additional cellular plan on the complete iPhone 12 lineup, the new iPhone SE, all iPhone 11 models, iPhone XS, iPhone XS Max, and iPhone XR, making it easy to use two different phone numbers or separate voice and data plans on one device.
This announcement has NOT been marked "Market Sensitive"... not surprising with the lack of travel now & into the future due to Covid19. But could certainly go on the watchlist
1 x update with with 4C... 1 x update with slides
Key Highlights:
~ Successfully raised A$2 million through a strongly supported share placement.
~ Operating cash outflow of A$209k. Underlying cash inflow of A$15k after excluding one-off costs associated share placement.
~ Mastercard partnership agreement extended, with advance payment of US$250,000 expected in upcoming quarter.
~ Internet of Things (IoT) development and commercialisation efforts resulted in commercial agreements with two major mPOS providers in Malaysia.
~ Initial signs of recovery in travel segment underpinned 9.9% increase in cash receipts to A$363k compared to Q2 FY21.
~ Efficiencies and cash preservation strategies maintained throughout Q3 FY21, with cash outflows of A$572k (Q2 FY21: A$524k).
~ Strong cash balance at end of December 2020 of A$2.8 million.
Copy & paste below to get Presentation with slides
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02335386-6A1017702?access_token=83ff96335c2d45a094df02a206a39ff4
FLEXIROAM APPOINTS MARC BARNETT AS NON-EXECUTIVE DIRECTOR
Flexiroam Limited (ASX: FRX) (Flexiroam or the Company) is pleased to announce that Marc Barnett has today been appointed a Non-Executive Director of the Company.
As an executive, Marc has extensive experience in sales, commercial operations, finance and change management, and brings over 12 years’ experience in C-suite roles across the Asia-Pacific region, with multinational corporations and high growth start-ups.
Marc was most recently Chief Executive Officer of video-on-demand service iflix, until its acquisition by Tencent in June 2020, having joined as Chief Operating Officer in 2016. Marc accelerated iflix’s growth to deliver 50 million app downloads with 25 million monthly active users, rapidly expanding the business to 32 markets spanning Asia, Middle East and Africa.
Prior to iflix, Marc held senior leadership roles at Microsoft and NineMSN. As part of the Microsoft Asia-Pacific Executive Leadership Team, he developed the go-to-market strategy for over 100 sales staff across 13 markets in the region. He represented the interests of Nine Entertainment Co and Microsoft in Joint Ventures, and was the 2014 AFR Boss Magazine, Young Executive of the Year.
Commenting on Marc’s appointment to the Board, Flexiroam Managing Director Jef Ong said: “I am delighted to welcome Marc to Flexiroam’s Board and look forward to his contribution as we rapidly scale our business globally."
“Marc has a proven track record scaling businesses and growing them globally, having signed commercial agreements with over 40 Telco partners to bundle content to users and represented regional joint ventures with two Telco partners at iflix. Having successfully expanded iflix’s employees to 750 globally, he has developed a global talent network in the telco sector that will be important for Flexiroam as it forms further partnerships to scale growth.”
Looks like Marc will be a good fit, another impressive Bio...
DISC: On my watchlist, although I wish I'd already bought some, they were $0 .026, when I last posted, now they are $0.067, Oh well...
FLEXIROAM EXPANDS PARTNERSHIP NETWORK THROUGH JOINT MARKETING AGREEMENT WITH TRAVALA.COM (attached)
Key Highlights:
also announced on 3/3/21
FLEXIROAM PARTNERS WITH SPLIT TO OFFER BNPL TO MALAYSIAN AND SINGAPOREAN MOBILE USERS
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02349440-6A1022960?access_token=83ff96335c2d45a094df02a206a39ff4
Key Highlights:
this notice had a clarification on 4/3/21
Flexiroam Limited (ASX: FRX) (Flexiroam or the Company) refers to its announcement dated 3 March 2021 in relation to an agreement with Split, a leading Singapore and Malaysia-based FinTech company offering buy-now-pay-later (BNPL) solutions (Agreement). Under the Agreement, Split will be offered as a Flexiroam Wallet payment option to purchase Flexiroam products, with customers being able to make payments in up to three interest-free instalments. Split will earn a transaction fee on each sale generated via its payment portal.
The Agreement is for an initial 18-month term unless either party gives at least 30 days’ notice to terminate prior to the expiry of the current term.
The Agreement otherwise contains terms and conditions which are customary for an agreement of this nature. At present, the economic impact of the Agreement with Split is unknown due to the variable nature of the transaction fee that is dependent on customer usage. Flexiroam, however, expects that partnering with Split may have a material impact on Flexiroam’s growth prospects.
Disc: Still on my watchlist ~ price today 5.2cps