SOURCE: Apivio Systems Inc.

Apivio Systems Inc.

June 01, 2016 08:00 ET

Apivio Announces LOI With NEC Corporation to Develop Next Generation Product for Global Markets

VANCOUVER, BC --(Marketwired - June 01, 2016) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE: APV), a leading provider of VoIP solutions, is pleased to announce that the Company has executed a letter of intent ("LOI") to develop the next generation Android based enterprise smart desk phone platform for NEC Corporation for global distribution. NEC is a leading provider of innovative IT, network and communications solutions. NEC's North American business unit is the current distributor of Apivio's first generation Monet series product.

"We are pleased to expand our relationship with NEC from the North America business unit to NEC's head office in Japan, and this LOI is an endorsement of our shared vision that every enterprise desk phone will one day be a smart desk phone," commented Rob Bakshi, President and Chief Executive Officer of Apivio Systems Inc. "We are excited about the opportunity and look forward to working with them." Details around product specifications and business agreement are underway.

Developed for NEC of America, the UT880 is an Android-based smart deskphone featuring a brilliant high resolution screen with amazing video quality, a full suite of advanced telephony features, and rich video applications with advanced networking technology, all of which combine to deliver a stunning user experience. Designed to drive teamwork, performance and overall return on investment, UT880 users can download and run Android-based enterprise specific apps from NEC's Marketplace App Store, a unique offering in enterprise telephony.

About NEC Corporation

NEC Corporation is a global technology leader with a presence in 160 countries and $25 billion in revenue. The Company's products and services include systems integration, maintenance and support, outsourcing/cloud services and system equipment. In the public business, the Company provides social solutions for domestic and foreign governments, governmental agencies, local governments, public institutions, financial institutions and other organizations by combining its technology assets, including network and sensor technologies, and analysis technology. It provides IT solutions in manufacturing and retail/services in the private sector. In the telecom carrier business, the Company supplies equipment to telecom carriers for network implementation, along with network control platform systems and operating services. In the system platform business, it provides products for business, ranging from terminals to network and computer equipment, software products and service platforms.

About Apivio Systems

Apivio Systems Inc. is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly-owned Korean subsidiary with an established track record of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding the Company, please visit www.apivio.com.

This press release has been prepared by Apivio Systems Inc. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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