Cloud Co.'s Breakthrough Consumer Model Finding Distribution Worldwide

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Next-generation consumer cloud platform company MiMedia Holdings Inc. (MIMDF:OTC; MIM:TSXV; KH3:FSE) announced it has signed a global distribution agreement with leading device manufacturer coolpad.

The Chinese company was founded in 1993 and makes smartphones for the global market. It seeks to sell family centered mobile devices at affordable prices.

Under the terms of the agreement, it is anticipated that Mimedia will integrate its platform in up to 5 million coolpad mobile devices, including smart phones, over the next two years, MiMedia said in a release.

"We are excited to partner with coolpad, who has been making high-quality mobile devices for over 30 years," said MiMedia Chief Executive Officer Chris Giordano. "We look forward to entering a number of different markets with a strong partner. We believe this partnership will deliver great strategic benefits for both companies.

MiMedia’s expansion is supported by its cloud platform’s broad compatibility across smartphones, tablets, desktops, and web applications. Its business-to-business-to-consumer (B-B-C) distribution model enables seamless integration with telecom carriers and original equipment manufacturers (OEMs), addressing a market need for cloud-based media management solutions.

The company differentiates itself from major tech competitors by offering a private-label cloud platform that partners with OEMs and telecom carriers rather than competing against them. According to MiMedia’s investor materials, the global smartphone market presents a significant opportunity, with its target regions expected to account for over one billion new smartphone users in the next three years.

"coolpad is excited to offer its consumers Mimedia's unique and engaging consumer cloud experience," said Michael Wang, general manager of coolpad's overseas business unit. "MiMedia is a great fit into our strategy of providing world-class smart phones with leading software technologies, while doing so at affordable price levels for the family."

coolpad Targets Youth

MiMedia has said the largest telco carriers and smartphone manufacturers are missing revenue opportunities in the Cloud. Its platform serves as an end-to-end solution for getting these players (Telcos and OEMs) into the market to give Cloud functionality to their customers while giving their partners access to multiple revenue streams, including mobile advertising and storage subscriptions.

MiMedia's apps are seamlessly integrated into one platform to work on smartphones, tablets, PCs, and all Web browsers. The platform is device agnostic, which means it works on all operating systems (Android, IOS, Mac, PC) and can be loaded directly into Android phones' core code as the default media gallery before shipment to consumers (Android makes up 85% of the global smartphone market).

In a fact sheet on its website, MiMedia said its platform unlocks hundreds millions of dollars of "recurring, high-margin revenue for Telecom Carriers (Telcos) and Device Manufacturer (OEMs) partners, while delivering a superior cloud experience to its partners' consumers…aiming to become the world’s largest independent consumer cloud platform."

coolpad noted that it is "a leading consumer electronics company committed to innovation and family-centered technology, building strategic partnerships with major wireless carriers and retailers. We create world-class devices that enhance everyday life, blending style, performance, and accessibility."

The company said its cutting-edge, trendy products are targeted at delivering the latest tech to youth worldwide at affordable prices.

The Catalyst: 'An Indispensable Part of Modern Business Operations'

Cloud computing has become a fundamental driver of digital transformation, enabling scalable data storage solutions across multiple industries. The demand for cloud-based services has risen as businesses seek efficient ways to manage data, enhance security, and optimize operations.

According to Markets and Markets, the global cloud computing market is expected to grow from US$626.4 billion in 2023 to US$1.3 trillion by 2028 at a CAGR of 15.1%.

"The growth of the cloud computing market is the growing demand of the retail and consumers goods and healthcare and life sciences industries," Markets and Markets wrote. "It has witnessed the fastest growth owing to the increasing adoption of AI, ML, Big Data, edge computing, and 5G technologies. The key reasons for adopting these technologies are that cloud computing can support SaaS, PaaS, and IaaS service models. Cloud computing has become an indispensable part of modern business operations."

In their February 5 report, Tech Times examined how cloud computing had reshaped industries by enabling scalable solutions and fostering innovation. The article emphasized that businesses across sectors, including healthcare, finance, retail, education, and legal services, had adopted cloud-based systems to improve efficiency and security. It highlighted cloud storage as a key enabler of remote access, collaboration, and automation, noting that its role in digital transformation was expected to continue expanding.

Ownership and Share Structure

MiMedia Holdings Inc. has a market capitalization of approximately CA$27.01 million with 56.86 million basic shares outstanding. 

The company's ownership structure includes 3% held by insiders and management, with the remaining shares held by retail investors, according to the latest Refinitiv data.

Over the past 52 weeks, MiMedia's share price has ranged between CA$0.19 and CA$0.60.