- Fintech provider Cuentas Inc CUEN inked an agreement to launch WaveMax's SharedWiFI6 patented technology (Wavemax Patent) in 1,000 locations.
- The parties will install advanced WiFi6 Access Points and Small Cells in these 1,000 "Bodega Stores" in a 50/50 joint venture.
- The rollout will begin in the New York City Metropolitan Area with 500 Locations in NYC, 330 locations in New Jersey, and 170 locations in Connecticut.
- They will become Cuentas premium locations near public train stations and mass transit hubs and offer all its products and services on secure networks.
- The agreement also includes plans to roll out the service in other areas throughout the U.S.
- Price action: CUEN shares traded higher by 22.6% at $4.365 in the premarket session on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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