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Wireless Grids Corporation & IMT Global to Distribute WGC Software Solutions to the UAE Market
Aug 24, 2010 (03:08 PM EDT)
Wireless Grids Corporation & IMT Global, which is owned by Sheik Saeed Al Maktoum Trade Company of the Royal Family of Dubai, Announce MOU Signed to Distribute WGC Software Solutions to the UAE Market
JACKSONVILLE, Fla., Aug. 24 /PRNewswire/ -- Wireless Grids Corporation (WGC) and Integrated Medical Technologies Global (IMT), signed a Memorandum of Understanding (MOU) today that allows IMT to distribute WGC's software solutions to the United Arab Emirates (UAE) market. IMT Group has an exclusive direct distributor agreement with IMT Global, which is owned by Sheik Saeed Al Maktoum Trade Company of the Royal Family of Dubai.
WGC products, powered by WGC's proprietary Magic Mirror(TM) platform, enable communities of people and devices to dynamically interact and to share resources and content seamlessly with regard to hardware platform, operating systems, and file formats. WGC's grid solutions will be offered to multiple industry segments including Government, Hospitality, Healthcare, and Entertainment. It is anticipated that social grid applications customized to serve the needs of different user communities for content, hardware, and services sharing, will be developed collaboratively with regional partners. More information on partners and services will be released following the conclusion of a definitive agreement, expected by September 2010.
WGC CEO John Andrews said: "Obviously we are very excited to expand product distribution into the vast UAE marketplace. This market has a huge appetite for embracing leading-edge technology solutions, that not only help them solve their near-term problems, but also position them to provide a richer and more robust set of services for the future. IMT's in-region presence and capabilities will allow us to take advantage of this significant market opportunity."
Albert Losken M.D., Managing Partner of IMT Group stated: "Having an established network of contacts in the UAE, allows IMT to efficiently introduce and distribute WGC's social grid solutions to a multitude of markets. This new relationship is a win-win for both companies and we look forward to expanding the product/solution offering to our UAE customers in the near future."
For more information about WGC or IMT Global, please visit http://www.WGrids.com.
About Wireless Grids Corporation (WGC)
Wireless Grids Corporation (WGC) is a Delaware Corporation originally formed in Syracuse, New York in 2004 to develop and produce a revolutionary software solution that would transform computer networking, allowing devices the ability to seamlessly interact with little to zero configurations. WGC has been a pioneer in the Large Media viewer-created content arena and has succeeded in building relationships throughout a broad range of industry segments. WGC has received considerable information technology and wireless industry recognition, including being recognized as one of the '09 Wireless Companies to Watch (Network World 2008). WGC's core technology creates a continuum in which mobile/fixed devices and users can interoperate on an unprecedented scale, based on a decentralized system design and autonomous decisions.
About Integrated Medical Technologies (IMT) Group & Global
IMT Group, LLC in Jacksonville, FL., a Brownstone Group company, was formed in 2009 by Albert Losken M.D., Brent Brown and Ronald Weaver, Jr. In 2010, Ali Husain Khan M.D., Shahrokh Bagheri M.D., Albert Losken M.D. and Sheik Saeed Al Maktoum partnered to form the Dubai-based IMT Global. IMT Group & IMT Global introduce new, simple and high-tech medical technology, devices, products, and solutions to address common problems within the healthcare industry in the U.S. and abroad. IMT Group has expanded and currently has new technologies in the design phase of development, moving towards prototyping and pre-market testing for domestic and international markets.
Safe Harbor Statement: Forward-Looking Statements
This press release contains certain "forward-looking statements." Such statements include statements relating to the recent strengthening of the leadership team of the company and other statements relating to future events or to the company's future financial performance and are not historical facts, including statements which may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the company. Actual results may differ materially from the expectations contained in the forward-looking statements. More detailed information about the company and the risk factors that may affect the realization of forward-looking statements is set forth in the company's Private Placement Memorandum. The company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
SOURCE Wireless Grids Corporation