It’s been a good day for VuBotics Inc. (OTCBB: VBTC). After the company announced it would be partnering with mobile content provider Handmark, VuBotics stock jumped up an amazing 82 percent – an increase even large-market companies on the Nasdaq have to be jealous of.
According to the press release regarding the partnership, VuBotics – “the global leader in small screen-reading technology” – Handmark will now offer VuBotics’ VulT software on its Pocket Express product, along with its carrier, retail and online distribution channels. This new technology reportedly makes text easier to read on hand-held wireless devices by displaying the words one at a time, instead of all at once, through a “proprietary cadenced delivery system that adjusts both the size and pace of individual words.” In other words, you won’t need to squint to read that bright, tiny screen on your cell phone anymore.
Naturally, VuBotics is pleased with the news.
“We believe this agreement with Handmark will rapidly expand distribution of VulT through a variety of important channels,” VuBotics President John Ellingson said in the release. “We see this as a first step in our global roll out. In addition, we hope to leverage Handmark’s strong relationships with the Tier I carriers to offer VulT as a standard offering within the carrier decks.”
Handmark was equally pleased with the news. A leading content aggregator and provider of wireless content, Handmark makes its money by collecting the best and brightest of new products in the wireless industry. That’s why Douglas Edwards, Handmark’s chief marketing officer, had so much to say about the partnership.
“We are excited to partner with VuBotics to offer this groundbreaking reading technology to our customers,” Edwards said. “In the past, digital text has been small and difficult to read … VulT opens doors t a whole new world of cell phone users that in the past have been reluctant to read e-mails, news articles and other content on their cell phone.”
VuBotics stocks soared in response to the news. VuBotics stock rose from 30 cents per share to 40 cents per share by mid-morning and stayed there for the rest of the market day, aside from a few temporary hiccups.
