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Strategic Agreement with Mobile Handset Brand

Agreement demonstrates CLX's ability to support to complex global messaging needs of on of the world's largest brands.

Stockholm, Sweden – CLX Communications AB (publ) – (XSTO: CLX) – a leading provider of global cloud-based communication solutions, today announces that it has successfully signed a non-binding, non-exclusive agreement with a world-leading, American based handset and consumer electronics company.

“Quality, Security and Global Reach remain the key messaging requirements for large global brands, which is why over the last decade we have invested heavily in creating one of the largest international footprints and Tier 1 networks globally.” said Johan Hedberg, President, and CEO of CLX Communications.

“Today’s agreement recognizes the strength of that investment and the ability of our world-class team and how they support one of the world’s strongest brands.”

The agreement, to initially provide two-factor authentication (2FA) messaging services globally, follows an extensive development, integration and testing phase. The service is expected to launch fully in the first half of 2018.

The contract is based on an annual recurring model. As the value of the contract is dependent on the actual service utilization, no contract value will be disclosed.

This deal demonstrates CLX’s ability to provide multinationals with world class, large scale, mission critical Tier 1 global messaging solutions regardless of complexity.

Originally posted on www.clxcommunications.com

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