Company Update
Perth, Aug 26, 2016 AEST (ABN Newswire) - Xped Limited (
ASX:XPE) ("Xped" or "the Company") wishes to provide a Company Update:
TELINK SEMICONDUCTOR
Chris Wood and his team of developers returned this week from China following a visit to Telink's facilities in Shanghai. The visit was to further progress the porting of ADRC stack onto Telink's IoT chipset. Working together with Telink engineers, Xped engineers were able to port the RNP firmware used in ADRC Hubs whilst in China; a significant milestone in the porting of ADRC to the Telink IoT chip.
Having resources together allowed both teams to share internal knowledge to complete the work on hand and explore potential development work on other opportunities and alliances being presented under the collaboration agreement.
One area that both Telink and Xped have agreed to explore is the addition of Telink's patented BLE Mesh technology as a new transport layer for ADRC, thus allowing Bluetooth devices to be controlled from the one Device Browser app.
XERTS DEVELOPMENT
The Company has been working with NextFaze Pty Ltd to develop its first release of Xerts running on Amazon Web Services (AWS). Xped began development of Xerts following the relisting and with patents granted provides a system to deliver digital coupons to consumers. The Company expects to be able to demonstrate the Xerts working system in September. Following the release the Company will begin engagement with parties who can utilise the technology.
As announced on the 4th August, the Company remains on track to release version 1.0 of the Device Browser app to Apple and Google Play stores in September. Xped is currently working on further technology developments in the ADRC roadmap which will be released in future iterations of the App. User testing of the Device Browser app is due to begin in Adelaide next week.
MICROSOFT PARTNER CONFERENCE
The Xped team are presently working to have the ADRC Product Registration System finalised in the coming weeks to present the solution in Singapore on 20 September. The newly developed cloud system utilises the Microsoft Azure platform and will highlight the capability of ADRC for manufacturers keen to engage with end consumers through a simple registration system.
INTEL UPDATE
Xped recently provided demonstration kits of its ADRC solution to Intel engineering team in Taiwan. The Intel team are now looking at next steps including Xped demonstrating the solution to Intel's OEM/ODM accounts that could potentially utilise the technology. Xped will update the market as any progress is made.
SHARE PRICE ACTIVITY
The Company has fielded a large amount of queries in relation to large volume activity and a sharp price decline in Xped's share price in recent days.
Discussions with larger shareholders have been positive and supportive, and the company is not aware of any changes to holdings on the register amongst our larger shareholders.
The reasons are unknown to the Company as it continues to progress current opportunities and working on a number of technology developments in a timely manner.
JCT UPDATE
Further updates regarding JCT Healthcare will be provided in a separate Company release highlighting the current progress on JCT in the near future.
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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