Mlabs Systems to collaborate with XOX on mobile application

PETALING JAYA: Mlabs Systems Bhd has entered into a memorandum of understanding (MOU) with XOX Media Sdn Bhd to incorporate Mlabs' range of video conferencing and server technology in Voopee mobile application.
Mlabs said in a filing with the stock exchange that the collaboration is to exploit the potential market that arises from XOX Media collaboration with PT Inovasi Telematika Nusantara and Pengurus Besar Nahdlatul Ulama (PBNU).
XOX Media, a wholly owned subsidiary of XOX Bhd, is a provider of mobile application services.
XOX Media had on July 27 entered into an MOU with PT Inovasi, a telecommunication services company in Indonesia and PBNU, an Islamic charity organisation in Indonesia for the purpose of conducting a study and to plan for the development and deployment of XOX's Voopee mobile application for integration into a new SIM card under the Nahdlatul Ulama (NU) brand with all other accompanying solutions targeting to be adopted by PBNU members.
Voopee is a mobile application that offers voice and text messaging services through cellular and/or Wifi connection.
The MOU is valid for a duration of one year.
Mlabs shares were unchanged at 21 sen on Friday on some 24.42 million shares done, giving it a market capitalisation of RM122.19 million.