Netlinkz Limited and Uni Systems Information Technology announced that they have signed a Memorandum of Understanding (MoU) to establish a partnership based on Netlinkz's Virtual Secure Network (VSN) patented overlay technology platform that makes connectivity simple, fast and secure. Uni Systems and Netlinkz will cooperate in innovation initiatives and projects in Greece and Europe, including Public Sector digital transformation challenges, discovering and assessing digitalization opportunities and incubating integrated solutions for IoT, 5G and AI technologies and processes using Netlinkz IP. The parties will build an IoT Lab at Uni Systems premises to incubate IoT vertical solutions based on the VSN. Uni Systems will manage the Lab to enable and ensure the collaboration with its partners' ecosystem including academia, research centres and specialised IT companies providing verticals and SDN related skills, frameworks and components. The IoT Lab will address digitalization opportunities, design and demonstrate solutions to be introduced to the Greek and European innovation market place, and be part of the already established Pleiades IoT Innovation Cluster's designated Lab, led by Uni Systems. The MoU operates for a period of one year from execution, unless mutually agreed otherwise. Either party may terminate or suspend the MoU for breaches which are not remedied within 30 days (or immediately in respect of certain breaches).