ImagineAR Inc. (CSE:IP, OTCQB:IPNFF) told investors it has executed a non-binding memorandum of understanding (MOU) with a global digital publishing company to purchase a minimum of 10 and a maximum of 25 three-year SDK (software development kit) mobile app licenses in 2023 for top global icons in sport, music, entertainment and gaming.
Once the formal contract is signed, the company said the SDK licenses are expected to generate revenue between C$200,000 - C$414,000 per year for three years.
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"After successfully partnering with this global client company in 2022, we have enhanced our partnership by executing an MOU for them to purchase a volume of three-year SDK licenses for delivering immersive holograms in mobile apps," Imagine AR CEO and president of Alen Paul Silverrstieen said in a statement.
ImagineAR Inc. is an augmented reality (AR) platform that enables sports teams and businesses of any size to create and implement dynamic mobile AR campaigns with no programming or technology experience. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies.
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