Orca Touchscreen Technologies Ltd. announced it has entered into a definitive joint venture agreement regarding the Company's 30% interest in Sollen Mobile, S.A., the Guatemala joint venture company which has operated a smartphone assembly factory in Escuintla, Guatemala since July 2015. The company, through its wholly-owned subsidiary, Orca Mobile Solutions Ltd., has entered into a joint venture agreement dated February 10, 2016 and closing February 11, 2016 with Sollensys Corp., Fernando Rivera Carlos Sandoval, a Guatemala lawyer, Adrian Martinez Corral, a Guatemala lawyer, Adrian Oh, a Guatemalan businessman with South Korean business experience, and GwanJe Woo a South Korean touchscreen developer and manufacturing executive, by which the parties have agreed that the Agreement shall govern the investment in and the management of the joint venture company, Sollen Guatemala, a company incorporated in Guatemala on November 14, 2014.