Tech: New partnerships send Linius, Vault Intelligence higher
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The announcement of new partnerships has sent shares in both Linius Technologies (ASX:LNU) and Vault Intelligence (ASX:VLT) upwards this morning.
Linius, which augments standard video with a cloud-based deep tech service, has signed up Australian horse racing media company Racing.com for 12 months to deliver a range of “personalised video content experiences”, sending shares up 20 per cent to 3.6c.
Meanwhile, Vault Intelligence, which provides software services to the risk and safety technology sector, signed an agreement with Singapore communications provider M1, which boosted shares by 15 per cent.
Racing.com will use Linius’ patented video technology Video Virtualization Engine (VVE), which makes the data inside an ordinary video searchable.
“Only Linius can expose the data that makes up the video file, making cumbersome video as flexible as all other forms of data,” the company says.
“Linius is revolutionising the way organisations and individuals across the globe produce, deliver and consume video, enabling previously impossible hyper-personalised video experiences.”
Racing.com CEO Andrew Catterall said the company had been working with the Linius technology for a number of months, and the new service was in live development and testing.
“We expect to launch the first version of the product to our customers very shortly,” he said.
“We have a plan to deliver many more market leading experiences to Racing.com users over coming months and look forward to announcing them as they launch.”
Meanwhile, Vault has sold its Vault Solo service, a workforce management system, to M1, with the hope it will drive Singapore’s smart nation initiatives.
Willis Sim, M1 corporate sales and solutions officer, said: “M1 is delighted to partner with Vault to provide an innovative solution for our customers through our data services and the Vault Solo wearable and platform, to enhance the safety and productivity of our customer’s workforce.
“As a leading communications services provider, we will continue to stay at the forefront of technological developments to support Singapore’s Smart Nation initiatives and enable our customers in today’s digital economy.”
Leaf Resources (ASX:LER) finds a Malaysian partner. Formal documentation has been completed for an equity interest in Leaf Malaysia, which is the project company that has been established to develop the first Glycell biorefinery in Malaysia.
iSignthis (ASX:ISX) shares get a boost. ISX shares rose more than 15 per cent to new highs of $1.58 after the company told investors that its annual monthly gross processing transaction value exceeded $1.1 billion for the month of August.