Ubiquity Inc (OTCMKTS:UBIQ) shares were up 7.58% to $0.355 on Friday and flat in after-hours trading. The company has a market cap of $78.21 million at 220.32 million shares outstanding. Share prices have been trading in a 52-week range of $0.33 to $0.38.
In June, the Ubiquity Inc announced that it has appointed industry veteran John Halterman as Head of Studio Operations for its planned Ubiquity Studios spin-off. Halterman is a veteran of the studio industry business with over twenty years of experience in the field.
John’s deep experience in entertainment production, along with our shared vision and his unique ability to execute Studio’s standalone strategy, makes him an ideal candidate to develop and grow the business. I believe his leadership behind this spin-off will create significant value for our shareholders,” said Ubiquity Inc CEO Nick Mitsakos.
A few weeks later, the company also announced that Silicon Valley veteran and former NASA Jet Propulsion Laboratory veteran software engineer Jonathan Kalbfeld will be CTO of Ubiquity Inc. This is part of the company’s expansion plan for its management, which includes a new CEO, a new Studio head and the appointment of a Chief Creative Architect.
Ubiquity Inc is a company that is engaged in creating Internet of Things (IoT) for businesses in social, mobile, analytics, and cloud. It offers Multiscreen as a Service (MaaS) creating an engagement platform for multiscreen application environments and an enterprise platform that enables brands to capture, engage, manage and monetize their users.
The company’s cloud-based technology combines MaaS with SaaS (Software as a Service) to enable its customers to structure their content and data in a mobile cloud to deliver user experiences to their multiscreen communities and audiences worldwide. Their products and services include the Sprocket Platform with a warehouse data analytics format; GiftSender, a mobile wallet; Monkey Bars, a social mobility distribution platform, and video intelligence software, which are sold to small to mid-size businesses, digital media, education, enterprise, and government customers.
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