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Wednesday, 15 November 2017

Hoylu AB: HOYLU WINS PUBLIC TENDER AND RECEIVES ORDER FOR SEVERAL HIGHER EDUCATION CAMPUSES IN THE UAE

Hoylu AB    

Published: 08:30 CET 15-11-2017 /GlobeNewswire /Source: Hoylu AB / : HOYLU /ISIN: SE0009581192

Hoylu AB: HOYLU WINS PUBLIC TENDER AND RECEIVES ORDER FOR SEVERAL HIGHER EDUCATION CAMPUSES IN THE UAE

Malmo, Sweden, November 15, 2017 - Hoylu, a leading enterprise collaboration company, announced today that it has received an order for 3 campuses in the UAE valued at approximately 5m SEK for delivery in Q4, with the prospective expansion of 11 additional campuses in FY18 estimated at an additional 15m SEK. The purchase will bring large projector walls combined with the Hoylu Software Suite to higher education institutions throughout the region and will provide new collaborative teaching opportunities for students and faculty members.

The order represents the latest in a continued expansion of Hoylu's products and services into the Education vertical on a worldwide basis. Hoylu's software for the Education vertical can be accessed in classrooms on large projector walls, touch displays and on personal devices by the thousands of faculty and students throughout the campuses.

"Ventura was tasked with providing a highly innovative collaboration solution covering several use cases, for this prestigious project. We looked at various options available in the market and considered not just the features but also scalability and reliability. Future-proofing the investment was of utmost importance, given that several campuses would be rolled out in the future," said Manoj Pillai, CEO of Ventura Global, Hoylu`s partner in the region. "Hoylu's Software Suite was the ideal match to empower the budding entrepreneurs to ideate, collaborate and innovate, so in the end our decision was easy. The project will feature several rooms with multiple projectors blended together as a 'wall to wall' canvas, which no other solution can deliver with such robustness. We are excited to be part of this project and feel certain that this will set new benchmarks in the UAE."

Hoylu's solutions and software offer new and exciting ways to learn and collaborate smarter, faster and more efficiently. Based on years of research, the Hoylu Software Suite is designed from the ground up to offer the best possible user experience for individual and multiple users working with ideation, creative collaboration and presentations.

 

For more information, please contact:
Stein Revelsby, CEO at Hoylu +1 213 440 2499 Email: sr@hoylu.com

Karl Wiersholm, CFO at Hoylu +1 425 829 2316 Email: kw@hoylu.com

 

Hoylu AB
Hoylu delivers solutions for presentation, ideation and collaboration that focus on enhancing the user experience. The company's main area of interest is software for Creative Collaboration, combined with intuitive input and display technologies. This includes technologies for remote collaboration, Internet of Things and for connecting workspaces in different locations together, with the objective of simplifying work processes while improving productivity and creativity. For more information: www.hoylu.com  or visit
www.introduce.se/foretag/hoylu

 

Ticker symbol: Hoylu

Marketplace: Nasdaq First North Stockholm

Certified Adviser: Remium Nordic AB +46(0)84543200

 

Ventura Global

Ventura Global is part of the prestigious EROS group of companies headquartered in Dubai with a combined turnover of over USD 2.5 Billion. As a leading systems integrator, the focus area is Audiovisual Systems and Smart Buildings with a proven track record of successful projects spanning several industry verticals. Ventura aims to be a world leader in Intelligent & Futuristic Building Infrastructure Technologies and the key differentiator is the experience and expertise of the Team. The company has several dealerships of top brands in the world with qualified and trained personnel to design, implement and support these systems. More information can be found at: www.venturaglobal.co

Publication
This information is information that Hoylu AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at (8:30) CEST on November 15, 2017.



PR ENG 171115



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Hoylu AB, Vretenvägen 13, Solna 17154, Sweden
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