Crunchfish signs gesture agreement with OPPO
Crunchfish Gesture Interaction has signed a commercial follow-up agreement with OPPO Mobile Telecommunications – one of the largest mobile phone manufacturers in the world – wrapping up the collaboration around pose detection software in their mobile devices. The contract has a value of 1.5 million SEK and was invoiced and booked in March 2024.
OPPO signed an agreement in November 2022 at a value of US$500,000 for the use of Crunchfish’s gesture control software for pose detection in their devices. This new agreement marks the completion of this Crunchfish product, which has been installed and shipped with millions of mobile devices by Oppo.
“I am happy to wrap up the current collaboration with Oppo and the use of our pose detection software in their mobile devices in a positive way on favorable terms. We welcome new opportunities to work with Oppo again within our focus area, XR technology, in the future.”, says Patrik Lindeberg, COO at Crunchfish AB.
For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com
This information is such information as Crunchfish 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 14:30 CET on May 20th, 2024.
Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.
About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.
