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SHENZHEN, China, 10 December 2018 (GLOBE NEWSWIRE) – Xunlei Limited ("Xunlei" or "Company") (Nasdaq: XNET), a leading cloud-based bandwidth acceleration technology company in China, has announced today, the company and China Mobile IoT Company Limited ("CMIoT") have entered into a strategic partnership agreement to jointly develop the IoT solutions using the blockchain technology.
CMIoT, a wholly owned subsidiary of China Mobile, focuses on the management of the IoT network, the design of IoT chips, the production of smart home applications and wearable devices, the development and management of the IOT board connection management platform, OneLink and open platform IOT, OneNET. Builds a complete architecture called "Cloud-Pipeline-Device".
Under the partnership agreement, Xunlei and CMIoT will jointly invest in the research and development of innovative applications of blockchain and IoT technologies. Both companies will also share the market intelligence of the latest industry trend, provide traffic support and strengthen product operations.
Qiao Hui, General Manager of CMIoT, said: "Xunlei is an innovative leader in blockchain and cloud computing technology and China Mobile has built one of the world's largest core IoT networks with over 500 million connections. ability blockchain and IoT to optimize the customer experience and drive technological innovation. "
Mr. Lei Chen, CEO of Xunlei, said: "China Mobile is a leading global telecommunications service provider and pioneers the adoption of IoT in China.Xunlei has unique strengths and experience in blockchain technology, including high-performance products such as ThunderChain and TCFS, I believe this partnership with CMIoT will facilitate our efforts to integrate these products into emerging IoT technologies to improve their efficiency and safety. "
About Xunlei
Xunlei Limited ("Xunlei") is a leading cloud-based bandwidth acceleration technology company in China. Xunlei runs a powerful cloud computing Internet platform in China to provide users with fast and easy access to digital media content through its core products and services, Xunlei Accelerator and cloud acceleration subscription services. Xunlei is increasingly spreading in mobile devices, partly through acceleration products pre-installed in mobile phones. Taking advantage of the extensive user base accumulated by Xunlei Accelerator, Xunlei has further developed several value-added services to meet a wider range of access to digital media content of its users and consumer needs.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the safe harbor provisions of the US Securities Litigation Reform Act of 1995. It is possible to identify these forward-looking statements for terminology such as "will", "expect", "believe", "anticipate", "Future", "intends", "plans", "believes", "estimates" and similar statements. Among other things, management quotes contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections on the company and on industry. Forward-looking statements involve inherent risks and uncertainties, including, but not limited to: the Company's ability to continue to innovate and provide attractive products and services to maintain and increase its user base; the ability of the company to keep pace with technological developments and the changing demands of users in the Internet sector; the ability of the Company to convert its users into subscribers of its premium services; the Company's ability to handle existing and potential copyright infringement claims and other related claims; the Company's ability to react to government actions to control Internet content in China and the ability of the Company to compete effectively. Although the Company believes that the expectations expressed in such forward-looking statements are reasonable, it can not ensure that its expectations will turn out to be correct, and investors are advised that the actual results may differ materially from the expected results. Further information on the risks and uncertainties faced by the Company is included in the documents filed by the Company with the United States Securities and Exchange Commission. All information provided in this press release is updated as of press release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances or changes in its expectations, except as required by law.
Contact:
Investor Relations Xunlei Limited Email: [email protected]: +86 755 8633 8443Web site: http://ir.xunlei.com
