VANCOUVER, BC–(Marketwired – October 19, 2016) – Apivio Systems Inc. (“Apivio” or the “Company”) (TSX VENTURE: APV), a leading provider of VoIP solutions, announced today that TeleDynamics will distribute the company’s market-leading Wi-Fi, Android and other VoIP devices in the United States, with an initial purchase order for 2,000 of Apivio’s Liberty L2 Wi-Fi phones. The arrangement builds on the companies’ long-standing relationship that saw TeleDynamics previously market and sell Apivio’s Liberty L1 Wi-Fi phones.
“The VoIP market is rapidly moving toward devices that support higher voice quality and cloud based intelligence,” says Rob Bakshi, President and CEO, Apivio Systems Inc. “This new distribution arrangement with TeleDynamics for our new L2 phone strategically positions Apivio as a leading provider of these technologies in the key U.S. market. We have high expectations for our new Liberty L2 handset in the U.S. market, starting with today’s announcement.”
“We’re excited to be working with Apivio to bring the Liberty L2 to market in the U.S.,” commented James ‘Happy’ Feller, CEO of TeleDynamics. “Apivio’s vision for VoIP technology and commitment to produce innovative products will create real opportunities for TeleDynamics.”
Designed for residences and large enterprise facilities alike, the Liberty L2 Wi-Fi phone from Apivio allows users to communicate across multiple locations or large campuses, with fast and seamless handoffs between Wi-Fi access points. Compliant with IEEE802.11a/b/g/n, the Liberty L2 supports HD Codec G.711.1 and G.722 for crystal clear voice quality, along with better calling security over any of today’s smartphone VoIP apps.
About TeleDynamics
Austin, Texas-based TeleDynamics is a wholesale supplier of telecommunications products as well as a variety of consumer electronics. Over the past 30 years, the Company has nurtured a tradition of excellent customer service and expert product knowledge while providing competitive pricing to its customers. As members of both CTA and CEDIA, the Company is committed to expanding and growing its product offerings to meet consumer demands. For more information, please visit www.teledynamics.com
About Apivio Systems
Apivio Systems Inc. is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly-owned Korean subsidiary with an established track record of supplying VoIP telephone equipment and other products to major Korean and international telecommunications carriers. For more information regarding the Company, please visit www.apivio.com.
This press release has been prepared by Apivio Systems Inc. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Rob Bakshi
President and Chief Executive Officer
Apivio Systems Inc.
604-343-4200
[email protected]
Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081
[email protected]
