Telefix Communications Holdings Inc (OTCMKTS:TLFX) confirmed the award of a M2M deal contract from Verizon Wireless to streamline documentation, quality and field operations. The deal supports authorized use of Verizon’s Machine to Machine wireless lines of service.
The significance
The data lines will support M2M video communications for customers of TeleFix’s system COPS®. The deal will further support co-marketing of solutions with sales distribution enabling the industry leaders to provide new solutions and enhanced mobile experiences for mutual customers. TeleFix is a known company to deploy an advanced subscription based connected solution. The attraction is the integration feature of multiple technologies including data analytics, Virtual Cloud Platform, Real time Live Video and IOT. The feature helps to resolve the various common issues faced in field service industries.
The expert speaks
Mezaun Norman, the President and CEO of TeleFix said that it is a new direction and exciting development for the company. It is a game changer that provides a new way for firms to connect and manage safety, quality and overall field operations. The firms are always looking for measures to streamline operations and expand margins.
The objectives
The new deal will provide the application to monitor work sites in real time that will help to fill skill gaps with onsite training. It will also offer remote work opportunities particularly for working mothers. The company wants the new offering to advance industries and enhance the quality of life. The management is thankful to Verizon’s technical partners and innovation team for extending their support. The new application will offer remote live M2M real time video streaming as well as monitoring control from expert NOCS .
In last trading session, the stock price of Telefix Communications Holdings Inc (OTCMKTS:TLFX) declined more than 26% to close the trading session at $0.00250. The sharp decline came at massive share volume of 38.69 million compared to average share volume of 21.56 million.
