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CONNEXION MOBILITY LTD — Capital/Financing Update 2014
Oct 5, 2014
64739_rns_2014-10-05_7feb2986-9746-4da7-ae60-3365ea3f99ad.pdf
Capital/Financing Update
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ASX Announcement
Connexion signs agreement with automotive giant Continental
6 October 2014, Frankfurt, Germany: Connexion Media Limited (ASX:CXZ), an innovator in the connected car market, has signed an agreement with German automotive group Continental Aktiengesellschaft for the supply of radio and music content.
The deal is the first signed by Connexion with a Tier 1 automotive supplier and is expected to provide a platform for the company to pursue direct deals with other third party vehicle manufacturers.
Continental�������������������� will integrate the miRoamer radio and music service in its state of the art infotainment hardware systems that are expected to be sold to a number of automotive manufacturers worldwide.
Commercial terms have been agreed between the two parties and remain confidential. Connexion will receive revenues based on Continental cementing distribution agreements and shipping the miRoamer service to its automotive manufacturer customers.
The agreement includes an archiving provision for up to 15 years from the date the final miRoamer-enabled production vehicle is shipped.
��������������������������������������������������������������������������this deal is an excellent platform ����������������������������said Connexion Media CEO and managing director George Parthimos.
�It is further validation that we provide �����������������������web connected vehicle audio ��������������
������������������������������������������������������������������������������� ���������������������������������������������������������������As well as interior products such as infotainment and security the group manufactures brake systems, components for powertrains and chassis, instrumentation and tyres.
Level 17, 499 St Kilda Road, Melbourne VIC 3004, Australia www.connexionmedia.com.au
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CONTACT
George Parthimos CEO & Managing Director Connexion Media Limited 0401 616 433 [email protected]
Rudi Michelson Monsoon Communications (03) 9620 3333 [email protected]
About Continental
Continental Aktiengesellschaft was founded in Hanover, Germany in 1871 manufacturing soft rubber products, rubberised fabrics and solid tyres for carriages and bicycles. It has since grown into one of the top five automotive suppliers worldwide with 186,000 employees across 49 countries. The company is comprised of five divisions including Chassis & Safety, Powertrain, Interior, Tyres and Contitech.
About Connexion Media
Connexion Media Ltd (ASX:CXZ) is a technology company specialising in developing and commercialising software apps and services for the web connected car, mobile device and connected consumer electronics markets. It is based in Melbourne Australia, with a sales office in Cambridge UK. www.connexionmedia.com.au
About miRoamer
miRoamer is a category-leading digital media platform for vastly improved internet radio and music entertainment. It can be installed in a variety of consumer electronics including car radios, smart phones, gaming consoles, televisions and stereo systems. Users get media content from a common platform using as many electronic devices as they wish. miRoamer enables access to favourite content providers and stations as well as customising the access. miRoamer is licensed by some of the ������� big and prestigious automotive and consumer electronics companies. www.miroamer.com
Level 17, 499 St Kilda Road, Melbourne VIC 3004, Australia www.connexionmedia.com.au