HONG
KONG, Nov. 28, 2022 /PRNewswire/ -- UCLOUDLINK
GROUP INC. ("UCLOUDLINK" or the "Company") (NASDAQ: UCL), the
world's first and leading mobile data traffic sharing marketplace,
today announced that the Company has signed a memorandum of
understanding (the "MoU") with APOLLO EV PTE. LTD ("Apollo EV"),
initiating cooperation in the field of Internet of Vehicles, which
need high-quality data connectivity solutions.
Pursuant to the MoU, UCLOUDLINK will provide seamless and
high-quality data connectivity solutions for Apollo EV by
installing products or integrating IoT modules with GlocalMe
Inside implementations on Apollo EV's vehicles. The two parties
will sign contracts in the future to specify detailed products and
services. Through the cooperation, UCLOUDLINK leverages its
innovative technologies, like cloud SIM and hyper-connectivity
("HyperConn") technology, to provide Apollo EV with reliable,
better, high-quality in-vehicle network connectivity solutions.
"We are pleased to announce the signing of this MoU with Apollo
EV, marking a significant step for UCLOUDLINK to enter the Internet
of Vehicle space with our products and IoT
modules installed on Apollo EV's new energy vehicles. Apollo
EV focuses on the Southeast Asia
market with a huge growth potential for electric vehicles demands,
and we are happy to initiate the partnership through which we
expand the application scenario of our IoT modules and HyperConn
solution. We look forward to working closely with Apollo EV to
address its data connectivity needs and to extending this
partnership in the future. We believe this serves as a great
opportunity for us to expand our footprint in the field of IoT
sector for 'Always Better Connection', and we expect to provide our
seamless and high-quality data connectivity solutions to more
players in the new energy vehicle area by establishing a global
PaaS and SaaS platform ecosystem," said Chaohui Chen, CEO of UCLOUDLINK.
About UCLOUDLINK GROUP INC.
UCLOUDLINK is the world's first and leading mobile data traffic
sharing marketplace, pioneering the sharing economy business model
for the telecommunications industry. The Company's products and
services deliver unique value propositions to mobile data users,
handset and smart-hardware companies, mobile virtual network
operators (MVNOs) and mobile network operators (MNOs). Leveraging
its innovative cloud SIM technology and architecture, the Company
has redefined the mobile data connectivity experience by allowing
users to gain access to mobile data traffic allowance shared by
network operators on its marketplace, while providing reliable
connectivity, high speeds and competitive pricing. For more
information, please visit: https://www.ucloudlink.com/.
Carina Cheung
carina-pr@ucloudlink.com
(852) 21806111
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SOURCE UCLOUDLINK GROUP INC.