This announcement contains
information which, prior to its disclosure, was inside information
as stipulated under Regulation 11 of the Market Abuse (Amendment)
(EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.
04 June 2024
VISUM
TECHNOLOGIES PLC
("Visum"
or the "Company")
Heads of Terms Signed for a
License Agreement with Makeabl
Visum Technologies Plc (AQSE: VIS),
a video capture technology company with a global focus on the
leisure sector, is pleased to announce that it has entered into
exclusive non-binding Heads of Terms ("HoT") for a license
agreement with Makeabl Limited, a company based in the Hong Kong,
("Licensor"). The licensor will grant Visum the exclusive Software
Licensing rights of the Licensor's technology (the "Technology")
for the territories of the North American and European markets
("Territories") ("Proposed LicenseAgreement"). The companies aim to
complete the Proposed Licence Agreement on or before 30 June 2024
and, following completion, exclusivity over the Technology in the
Territories has been granted until 3 December 2024.
Established in 2021, Makeabl offers
end-to-end cloud/App based technology that allows guests at any
attraction to receive, process and download image and video
content. Using Facial Recognition, AI and Image Processing the
platform ensures guests can receive any type of content pre/post
their visit.
The completion of the Proposed
License Agreement is subject to (i) both parties completing their
due diligence processes; (ii) entry into a legally binding license
agreement ("the Agreement"); and (iii) board approval. A further
announcement will be made in due course.
Marc Dixon, CEO of Visum, commented:
"We are thrilled to announce the
heads of terms for the license agreement with Makeable. The access
to Makeabl's software technology will provide Visum access into
markets that our current platform cannot and enable Visum to
deliver innovative capture technology, further enhancing our
commitment to providing exceptional solutions to our valued
customers."
The directors of Visum accept responsibility for this
announcement.
ENDS
About Visum Technologies
Visum Technologies Plc (AQSE: VIS)
is a capture technology firm primarily focusing on the global
leisure market. Their mission is revolutionizing capture
technology, initially targeting specialized niches within the
leisure industry. Visum captures, generates, and distributes
branded, real-time digital content. They do this through a
combination of proprietary hardware and software solutions that can
be distributed and shared on all leading social media platforms.
Whenever Visum identifies complementary technologies that can
enhance its core offerings, expand its global presence, or
facilitate entry into new markets, they are open to partnerships or
acquisitions. For more information, please visit
www.visumtechnologies.net.
For
further information, please contact: