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Linius Technologies (ASX:LNU) - CEO, Chris Richardson
CEO, Chris Richardson
Source: Chris Richardson/Twitter
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  • Linius Technologies (LNU) has signed a commercial agreement with Grafa to provide its Linius Video Virtualisation Service
  • Once it is launched in July 2020, Grafa will provide news, charting, and market intelligence to its subscribers
  • Linius’ Video Virtualisation Service will allow Grafa subscribers to personalise their finance and video content based on their interests – essentially building their own business news channel
  • Grafa will pay Linius standard pricing based on use, plus a minimum fee of US$5000 per month
  • This contract is for an initial term of eight months and while it will initially focus on Australian investors, there are plans to expand globally in 2021
  • Linius is steady on the market today and shares are trading for 1.3 cents each

Linius Technologies (LNU) has signed a commercial agreement with Grafa to provide its Linius Video Virtualisation Service.

Once it is launched in July 2020, Grafa will provide news, charting, and market intelligence to its subscribers. Primarily this will only be available on mobile but a desktop version will be released shortly after.

“The Grafa platform will use machine learning to understand the types of information that users want to see,” Grafa CEO Heidi Cuthbert said.

“We are building a financial knowledge and information platform that will give users access to a world of information at their fingertips,” she added.

Linius’ Video Virtualisation Service will allow Grafa subscribers to personalise their finance and video content based on their interests.

Users will add their preferences in categories such as stock markets, cryptocurrencies, and economic data to essentially build their own business news channel.

“Our strategy is about repeat sales and to date we have validated our tech with deployments in sports, new and corporate communications,” Linius CEO Chris Richardson commented.

“Repeatability is about direct selling more of the same, rolling out solutions through partners and encouraging third parties to build their own businesses utilising our tech,” he said.

“Pleasingly so, this deal ticks all three boxes as Grafa builds their own platform and directly integrates it with our technology, so we are absolutely thrilled to be working alongside such an innovative and disruptive company,” he added.

While yet to be calculated, Grafa will pay Linius standard pricing based on use. It will also pay a minimum fee of US$5000 per month.

This contract is for an initial term of eight months and while it will initially focus on Australian investors, there are plans to expand globally in 2021.

Linius is steady on the market today and shares are trading for 1.3 cents each at 1:21 pm AEST.

LNU by the numbers
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