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Mobiform Signs Long Term Technology Agreement With Schneider Electric Industries SAS(February 21, 2012)
CRYSTAL RIVER, FL -- (Marketwire) -- 02/21/12 -- Mobiform Software, Inc (OTCBB: MOBS), a global provider of SCADA (Supervisory Control and Data Acquisition) technology for manufacturing and heavy industry, today announced that it has signed a long term agreement to provide portions of its proprietary software to Schneider Electric Industries SAS, a global leader in automation management and power distribution. In the seven (7) year agreement, Schneider Electric Industries SAS has agreed to a cumulative licensing and support fee of $2.4 million for use of Mobiform technology in their products.
About Schneider Electric Industries SAS
Schneider Electric Industries SAS is a global specialist in energy management with operations in more than 100 countries. Schneider Electric Industries SAS offers integrated solutions to make energy safe, reliable, efficient, productive and green across multiple market segments. The Group has leadership positions in energy and infrastructure, industrial processes, building automation, and data centers/networks, as well as a broad presence in residential applications. With 19.6 billion Euros sales in 2010, the company's 110,000+ employees are committed to help individuals and organizations "Make the most of their energy."
About Mobiform Software Inc.
Mobiform specializes in the compelling visualization of real-time data. Our visualization technology and SCADA products are deployed in manufacturing, power & utilities, transportation, petrochemical, HVAC, and other fields of business where visualization of real time data is critical. Mobiform's in-house expertise and experience has provided us the opportunity to partner with companies from various vertical markets, and assist them to develop custom solutions that meet their specific needs. Our goal is to help our clients transfer their real-time production and operational data into actionable information through graphically-compelling, functional, and intuitive user interfaces.
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