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Norwood Systems signs over-the-top telephony distribution deal

Norwood Systems (ASX:NOR) and Affinion International Ltd has formed an initial three-year partnership for the distribution of Norwood’s World Apps, World Phone and World Wi-Fi.
Norwood Systems signs over-the-top telephony distribution deal
Norwood Systems signs over-the-top telephony distribution deal

The agreement has the potential to generate up to $3 million in annual revenue.

Norwood has developed OTT (over-the-top) apps on mobile handsets for both voice and messaging by providing a second carrier-independent mobile number.

Affinion offers programs to help generate increased customer loyalty and incremental revenue for more than 5,600 marketing partners worldwide.

The terms of the distribution agreement will enable Affinion to develop downstream offers for their loyalty program clients, initially utilising white label custom versions of the World Phone.

This will include bundles of pre-paid calling minutes to 94 landline and 60 mobile network destinations around the world.

Customised versions of the World Wi-Fi will be incorporated into Affinion’s portfolio shortly after its public release.

The new partnership will see Norwood’s World Apps integrated alongside other valuable loyalty program benefits to create compelling packaged loyalty and reward offerings for Affinion’s clients.

Affinion’s clients include leading credit card processors and issuers, frequent flyer and retail loyalty programs and other customer engagement programs.

Norwood’s share price has increased by about 45% in the past three months, last trading at $0.032.

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Norwood Systems Ltd Timeline

March 27 2017

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