Mobiltek (MOBK) has secured two new systems integration contracts from two additional telecommunications services providers in China.
The names of the new clients were not disclosed due to signed confidentiality agreements with both client companies.
Under the terms of the first agreement, Mobiltek has been selected to modify, localize, install and implement a telecommunications system for SMS television. The second agreement calls for Mobiltek to modify, localize, install and implement a telecommunications system for a mobile payment platform. Both contracts include the relevant licensed software and hardware applicable to the U.S. telecom market.
Mobiltek also will be responsible for marketing the services provided in both systems to the U.S. domestic market, and retains the system resale rights in the United States which includes the rights to 80 percent of all gross revenues generated from those sales.
For the period of thirty-six months, the agreements are projected to generate US$736,000 in fixed fee revenues for Mobiltek and may represent additional revenues once Mobiltek begins marketing the new services in the United States.