22nd Jul 2014 11:42
LONDON (Alliance News) - Messaging International PLC Tuesday said its subsidiary TeleMessage Ltd has received conditional funding of up to USD900,000 for a joint research and development project for "Secure Rich Communication Services Messaging."
The messaging services company said the funding is being provided by the Israel-US Binational Industrial Research and Development Foundation and the operator of the project, which is a major US wireless network operator, will receive 30% of the funding.
The BIRD Foundation promotes collaboration between Israeli and American companies in various technological fields for the purpose of joint product development.
The company said the RCS program is a global initiative to deploy inter-operator services within an industry ecosystem. It has the potential to combine voice and SMS with instant messaging or chat, live video sharing and file transfer across all devices and networks.
Messaging International shares were up 5.0% to 1.05 pence Tuesday afternoon.
By Tom McIvor; [email protected]; @TomMcIvor1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
MES.L