Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • NetLinkz (NET) subsidiary, iLink All, has been approached by AI Data Innovations to work with Shanghai M-Soft
  • The companies will provide a secure global telecommuting solution to replace traditional VPN for consultants and employees working from home
  • Revenue will be generated by ILinkAll from the design phase and also monthly subscription fees from each customer
  • The design phase is expected to be completed by July 31
  • NetLinkz shares fell flat at market close, trading for 4.4 cents each

NetLinkz’s (NET) majority-owned entity, Beijing iLinkAll Science and Technology Co, has been approached by AI Data Innovations to work with Shanghai M-Soft Information Technology (MSoft).

The agreement is for NetLinkz to provide a secure global telecommuting solution to replace its traditional virtual private network (VPN) for consultants and employees working from home.

AI Data Innovations is based in Seattle and is a world leader in data management for Machine Learning. It has operations in 200 markets and a global workforce of over 300,000 people.

iLinkAll will help create a VSN product, which is a secure network that allows users to work from home safely, while still accessing all corporate system monitors, meeting the high security and privacy requirements.

Revenue will be generated by iLinkAll from the design phase and also monthly subscription fees from each customer.

NetLinkz said the design phase is expected to take up to eight weeks, with an aim to be completed by July 31. Subscription and services fees are expected to be negotiated and secured after the design phase.

NetLinkz CEO James Tsiolis said this latest product collaboration shows the capability of the VSN product.

“Our collaboration is focused on delivering a global product through an established sales channel. We expect to earn subscription and service fees based on customer take-up rate,” he said.

iLinkAll President Zen Wang is also pleased with the collaboration.

“I am pleased that our innovative services and solutions continue to be identified to secure networks by global businesses and operations,” he said.

“Enabling secure and private remote working capabilities has never been more important and we are pleased to be collaborating with global leaders,” he added.

NetLinkz was up more than 4 per cent until market close when it shares fell in the grey for 4.4¢ each.

NET by the numbers
More From The Market Herald
Audio Pixels (ASX:AKP) - Chair, Fred Bart

" Audio Pixels (ASX:AKP) finds tech can extend to $30b earphone market

Audio Pixels (AKP) has found its existing digital sound reconstruction (DSR) loudspeaker technologies can extend for use in earphones and headphones.
Bluechiip (ASX:BCT) - Managing Director, Andrew McLellan

" Bluechiip (ASX:BCT) to customise tech for assisted fertility market

Sample technology company Bluechiip (BCT) has signed a two-year licence and development agreement with FUJIFILM Irvine Scientific (FISI).
Biogene Technology (ASX:BGT) - CEO, Richard Jagger

" Bio-Gene (ASX:BGT) shares close green on new commercial deal

Bio-Gene Technology (BGT) has executed a licence and development agreement with Evergreen Garden Care.
Beam Communications (ASX:BCC) - Chairman, Simon Wallace

" Beam Communications (ASX:BCC) receives orders for 12,000 ZOLEO units

Beam Communications (BCC) has received orders for 12,000 extra ZOLEO devices manufactured under its joint venture entity.