SOURCE: Apivio Systems Inc.

Apivio Systems Inc.

December 15, 2016 08:00 ET

Apivio Signs Global Distribution Agreement with NEC Japan

Apivio's Android-based desk phones to be distributed under NEC brand globally

VANCOUVER, BC--(Marketwired - December 15, 2016) - Apivio Systems Inc. ("Apivio" or the "Company") (TSX VENTURE: APV), a leading provider of VoIP solutions, today announced that it has signed a definitive agreement with NEC Corporation (TSE: 6701) ("NEC Japan") to distribute Apivio's Android-based desk phones under the NEC brand globally. Apivio had initially partnered in 2014 with NEC Corporation of America ("NECAM"), a subsidiary of NEC Corporation, to co-develop and sell its Monet series UT880 Android desk phone. The definitive agreement with NEC Japan comes with similar terms and conditions as the NECAM agreement. Apivio expects to begin shipping products under this agreement in mid-2017.

"We are excited to expand our global relationship directly with NEC Corporation," said Rob Bakshi, President and CEO of Apivio Systems Inc. "NEC continues to show leadership in pursuit of changing traditional enterprise desk telephones to intelligent and value-added software driven enterprise solutions. For Apivio, this is a fantastic development that elevates our partnership with NEC from a regional to a global technology initiative that further validates our corporate vision for where unified communications technology is heading."

About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.

The NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/vision/message.html

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.

Contact Information

  • For further information, please contact
    Rob Bakshi
    President and Chief Executive Officer
    Apivio Systems Inc.
    604-343-4200
    rbakshi@apivio.com

    Babak Pedram
    Investor Relations
    Virtus Advisory Group Inc.
    416-644-5081
    bpedram@virtusadvisory.com