Investor Update Ahead of FLEXIROAM X Launch
Sydney, May 24, 2016 AEST (ABN Newswire) - FLEXIROAM Ltd (
ASX:FRX) is proud to release an overview of the company's vision and strategy for its new product line, the FLEXIROAM X ("X"). "X" is an adhesive SIM microchip and smartphone application that provides users with access to FLEXIROAM's affordable global data roaming networks in 100 countries. It is expected to be the company's main revenue stream, to capture the surging demand for data roaming.
Some of the key highlights of the announcement include:
- "X" gives FLEXIROAM the access to enter global data roaming market which is estimated to be worth approximately US$50 billion by 2019
- Nature of "X" combines a subscription model with a semi-permanently attached microchip extending customer lifetime value and increases barrier of entry to competing products
- Aggressive digital mass marketing strategy with immediate reach to 10 million prospective users
- Strong cash position of A$6 million to launch "X" in Asia Pacific beginning with 8 countries
To view the Investor Presentation, please visit:
http://abnnewswire.net/lnk/2OPCM9P4
About Flexiroam Ltd
FLEXIROAM Limited (ASX:FRX) is a leading telecommunications company offering universal voice and data services for mobile users globally. Its flagship data roaming product, FLEXIROAM X has coverage in over 100 countries with 4G speed in over 56 countries. FLEXIROAM is an asset light telecommunications company that does not own physical infrastructure yet is able to connect to around 580 network operators globally. FLEXIROAM aspires to be a household name in borderless mobile broadband service in Asia and beyond. Please visit https://www.flexiroam.com
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