HDS International Corp (OTCMKTS:HDSI) filed form 8-K announcing a strategic expansion agreement with SirenGPS, Inc. The stocks made a big move by surging more than 37% in last trading session. Last week, the company reported on the official website it is pleased to inform that it has finalized a strategic expansion deal with SirenGPS, preparing the company for future value creation. It secured rights to an exclusive license for SirenGPS’s technologies that transforms emergency response and emergency communication, improving response times by linking smartphones to emergency services.
On March 12 HDs International announced that it has made an intellectual property license deal with SirenGPS. The company will capitalize on the opportunities offered in the industry of emergency response technologies, by focusing on the development, sale and marketing of emergency management software. SirenGPS offers industry leading products that improve existing emergency communications by offering location services for 911 calls. The software enables emergency managers stay updated with what is happening and how to communicate with people in real time.
HDS International Corp (OTCMKTS:HDSI) appointed Paul Rauner, as the new Chairman and CEO, who will guide the Company in its new initiatives, effective immediately. Rauner said that smartphones pick up people’s location so accurately that they can be used as primary navigation devices. However, emergency dispatch still doesn’t have that effective communication tools to help people when they call 911. The emergency managers at hospitals, businesses and schools are even worse off, as they don’t have the tools to stay updated.
SirenGPS’ technology offered by HDSI can alter the way people stay updated with real-time information. The Federal Communication Commission Chairman Tom Wheeler issued a statement calling for advanced mobile app technology to solve the 911 location problem. The new strategic expansion agreement is a significant step towards the resolution of 911 location problem.