HEADS OF TERMS AGREEMENT WITH ASIA E UNIVERSITY

March 30, 2015

SyQic (AIM: SYQ), the fast growing provider of live TV and on-demand video content across mobile and internet enabled consumer devices, announces it has signed a heads of terms ("HoT") agreement with ASIA e University, to host its courses and deliver educational programmes to its global student population.

ASIA e University is an institution of higher learning established in Malaysia in 2007 under the Private Higher Educational Institutions Act 1996. The HoT will take effect from Monday 30th March 2015 and will be valid for a period of three years. Work has already commenced between the two organisations to prepare the platform for launch in early June 2015.

Under the terms of the HoT, SyQic will host and deliver educational material across the Company's online platforms in order to enhance the student learning experience on mobile devices.. ASIA e University will license the SyQic platforms to make its content, courses and certification available globally using the Company's mobile video streaming technology. The educational content on the Company's platforms will generate user "stickiness" and derive licensing revenue for the Company from a share of the University's certification revenue.

Jamal Hassim, CEO of SyQic, commented: “We are delighted to have agreed terms with one of the fastest growing graduate schools in Southeast Asia. In this period of the Malaysian presidency of the ASEAN Group of countries, the ASIA e University is an instrument for greater Asia wide cooperation and like SyQic is a catalyst in narrowing the digital divide among communities and nations. Together, we are ideally positioned to deliver educational content and a learning management system that is suitable to be delivered over mobile devices.”

For further information: 

SyQic plc 

Jamal Hassim, Group Chief Executive OfficerTel: +44 (0) 20 7933 8780

Steve Elliff, Chief Financial Officerwww.syqic.com

  

Allenby Capital Limited 

Alex Price / Jeremy PorterTel: +44 (0) 20 3328 5656

a.price@allenbycapital.comwww.allenbycapital.com

  

Walbrook, Financial PR and IR 

Guy McDougallTel: +44 (0) 20 7933 8792

Paul Corneliussyqic@walbrookpr.com

Sam Allen 

  

Notes to Editors:

About SyQic

SyQic is a fast growing provider of live TV and on-demand video content across mobile and internet enabled consumer devices. Incorporated in Jersey and headquartered in the UK, it has a significant service footprint in Singapore, Indonesia and Malaysia.

The Group launched its new Korean content service called "cool2vu" in Malaysia, Singapore and Indonesia in January 2015 streaming high demand Korean content utilising an advertising revenue model.

About ASIA e University

AeU, a flexible-mode international university, aspires to be a premier educational hub in promoting e-Learning initiatives in Asia. AeU was officially established in April 2007 and its establishment is an initiative of Malaysia, as a prime mover for e-education, with the support of the 31 Asia Cooperation Dialogue (ACD) member countries.

Please reload

Featured Posts

Extension To Deadline In Accordance With Rule

August 15, 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONS...

1/1
Please reload

Recent Posts

September 8, 2016

September 8, 2016

April 19, 2016

December 16, 2015

December 9, 2015

December 7, 2015

Please reload

Archive
Please reload

Search By Tags
Please reload

LINKS
ABOUT

Email: info@syqic.com

SINGAPORE: 
1 Nanson Rd, Level 3, Singapore 238909

MALAYSIA:

No. E-07-1, Flr 2, Plaza Glomac Building, Jalan SS 7/19 Section SS7, 47301 Petaling Jaya
Selangor, Malaysia

BRUNEI:

Block C, Unit 3, 1st Floor, Lot 8981-8982, Kg. Pandan, Jalan Kerma Negara, Kuala Belait KA1931, Negara Brunei Darussalam.​


 

SOCIAL
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Cool2Vu Logo

Copyright © 2020 ​​SyQic plc  |  ALL RIGHTS RESERVED