HDS International Corp (OTCMKTS:HDSI) entered into a strategic expansion agreement with a reputed company known as SirenGPS, Inc. The details of the deal were filed in Form 8-K. The stock posted big gains after the news. The company first posted the news of strategic expansion deal on its official website.
The deal is considered as significant that can create value for the company and its shareholders. As per the deal, it now has rights to an exclusive license for SirenGPS’s advanced technologies that convert emergency response and emergency communication. The technology offers unlimited benefits by improving response times. It is achieved by linking smartphones to emergency services.
On March 12, HDS International confirmed that it finalized an intellectual property license agreement with SirenGPS. It intends to capitalize on the several opportunities offered in the segment of emergency response technologies. It will focus on the development, sale and marketing activities of SirenGPS emergency management software.
The new associate owns wide range of industry leading products that enhance existing emergency communications by introducing location services for 911 calls. The system helps emergency managers to stay updated with real-time happening and ways to deal with prevailing conditions.
The other details
HDS International Corp (OTCMKTS:HDSI) also stated that the company appointed Paul Rauner as the new CEO. He will look after its new initiatives, effective immediately. Expressing his views on the segment, Rauner stated that smartphones identify people’s location quite accurately and therefore can be used as the primary navigation equipments. Such kinds of services are not available with emergency dispatch.
The emergency managers at many of the businesses, schools and hospitals are even worse off. The new technology can completely alter the way managers stay tuned with real-time information. The new strategic expansion deal is an important step towards the resolution of location problem and will significantly help emergency managers.