Malmo, Sweden, October 22, 2018 - Hoylu, a leading enterprise collaboration company, announced today that it has signed an exhibit to the reseller agreement with South Korean integration company ED Corp on August 17, 2018. This exhibit sets a forecast of SAAS revenue targeting 1,000 displays at 750 school locations and identifies additional growth of 15,000 student licenses per month.
The expected sales volumes over a 12-month period is 9,000,000 SEK in display subscription licenses and 6,500,000 SEK in personal subscription licenses ED Corp and Hoylu are committed to work together to achieve the target volumes and will continue to locate other opportunities to expand our presence within Asia and the education sector.
Hoylu's solutions and software offer new and exciting ways to learn and collaborate smarter, faster and more efficiently. Create connected workspaces that include engineering plans, design reviews, and analyze large data sets on large scale HoyluWalls or any device you choose. Hoylu Suite is designed to make digital work simple, seamless and hassle free.
For more information, please contact:
Stein Revelsby, CEO at Hoylu +1 213 440 2499 Email: sr@hoylu.com
Karl Wiersholm, CFO at Hoylu +1 425 829 2316 Email: kw@hoylu.com
Hoylu AB
Hoylu delivers innovative enterprise solutions to allow global teams to collaboratively plan, create and share information that enrichen the user experience in the virtual office. The Hoylu Suite delivers a comprehensive set of personalized connected workspaces to enable teams across locations, on any device, to work smarter and with more fun across major industries including Engineering, Education, Pharmaceutical, Construction, Manufacturing, Graphic Design and many more. For more information: www.hoylu.com or visit www.introduce.se/foretag/hoylu
Ticker symbol: Hoylu
Marketplace: Nasdaq First North Stockholm
Certified Adviser: Mangold Fondkommission AB +46 (0) 8 50 301 550
Publication
This information is information that Hoylu AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at (8:30) CEST on October 22, 2018.