NetLinkz Ltd. announced that it has signed a MOU with iSoftStone Information Technology (Group) Co. Ltd. to establish a joint venture company based in Beijing, China to
commercialise the IP that is being developed in the IOT Lab in Beijing. NetLinkz announced to the ASX on 1 March 2019 that it had signed an agreement with ISS
to establish an IoT Lab in ISS's Head Office in Beijing to jointly develop and commercialise NetLinkz's software for the market in China. After significant product development and collaboration with current ISS customers in the IOT Lab in Beijing, ISS and NetLinkz have made a strategic decision to set up a sales, distribution and customer support joint venture company to establish a recurring revenue model from the sale of products developed in the IOT Lab in Beijing to the China market. The joint venture company's focus will be on distribution and sales. It will be separate to the development of products and markets in the IOT Lab in Beijing which will continue to develop products for the China market using both NetLinkz IP and ISS's IP. A customer call support centre has already been established in the Zibobei City in the Shandong Province.