StockNews.AI
UCL
StockNews.AI
214 days

UCLOUDLINK GROUP INC. Signs Cooperation Agreement with InMotion

1. UCL signed a cooperation agreement with InMotion for product distribution. 2. GlocalMe products will reach 120+ airport locations in North America. 3. Partnership aims to enhance network connectivity for travelers globally. 4. UCL plans to expand into Europe with further negotiations. 5. CEO emphasizes the strategy to broaden UCL's global presence.

4m saved
Insight
Article

FAQ

Why Bullish?

The partnership with InMotion could boost UCL's market reach and sales, similar to previous partnerships that increased product visibility.

How important is it?

The agreement can significantly enhance UCL’s visibility and sales, impacting its financial performance.

Why Long Term?

The rollout across more locations signifies sustained growth potential over time, allowing UCL to capture more market share.

Related Companies

WH Smith PLCGlocalMe
January 17, 2025 04:00 ET  | Source: uCloudlink Group Inc. HONG KONG, Jan. 17, 2025 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, announced that it recently signed a cooperation agreement with WH Smith PLC’s InMotion Entertainment Group (“InMotion”), the largest airport-based technology retailer in North America, to make its GlocalMe Life and GlocalMe Mobile/Fixed Broadband series of products available across InMotion’s 120+ airport retail locations in North America. GlocalMe Life series of products, which includes KeyTracker, RoamPlug, and Unicord, as well as GlocalMe Mobile/Fixed Broadband products are already available in over 30 major airports across the United States and will gradually be rolled out across InMotion’s North American airport retail locations going forward. The Company is actively negotiating with WHSmith to expand the availability of its solutions across Europe. Mr. Chaohui Chen, Director and Chief Executive Officer of UCLOUDLINK, said, “This partnership with InMotion, North America’s largest airport-based electronics retailer, significantly expands the retail presence of our products, offering superior network connectivity and convenience to travelers globally. This partnership is a critical part of our broader strategy to leverage our GlocalMe ecosystem and its integrated innovative core HyperConn and cloud SIM solutions to expand our global presence through business partners and channels globally. With other solutions already in development, we will continue to develop partnerships with global key channel partners across the United States and Europe in the coming quarters.” About UCLOUDLINK GROUP INC. UCLOUDLINK is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing. For more information, please contact: UCLOUDLINK GROUP INC.Daniel GaoTel: +852-2180-6111E-mail: ir@ucloudlink.com Investor Relations:Christensen AdvisoryChristian Arnell, Managing DirectorTel: +852-2117-0861E-mail: ucloudlink@christensencomms.com

Related News