Company Update
Perth, May 20, 2016 AEST (ABN Newswire) - Xped Limited (
ASX:XPE) ("Xped" or "the Company") wishes to provide a market update on recent events and upcoming activities.
CORPORATE MEETINGS
The company is currently conducting meetings with institutions in North America and Hong Kong. In attendance at these meetings is Dr Wenjun Sheng along with joint CEO's Athan Lekkas and Chris Wood as they discuss recent developments in the Company and opportunities going forward.
The company has received an unprecedented amount of investor and corporate interest recently and will continue to update the market as developments arise.
TELINK AND VENDOR MEETINGS
The board of Xped and Telink will be meeting next week in Asia to cover strategy and engineering requirements of the collaboration agreement. The Company will also be conducting joint marketing meetings with various technology companies and manufacturers to highlight the recent alliance with Telink and also the product benefits going forward.
JCT HEALTHCARE ACQUISITION
As announced on 19th April 2016, the Company entered into an agreement to acquire the JCT Healthcare Group of companies subject to completing its due diligence.
The Company would like to advise that due diligence is progressing well and both parties have agreed to extend the due diligence period by a further 14 days. As a result, the period to negotiate the formal Share Purchase Agreement will also be extended by a further 15 days.
About XPED Ltd
XPED Ltd (ASX:XPE) is an Australian Internet of Things (“IoT”) technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. Xped provides technology solutions for Smart Home, Smart Building, and Healthcare.
At Xped, we’re Making Technology Easy Again(TM)
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