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Stock impact report

UCLOUDLINK Signs Memorandum of Understanding with Singapore EV Provider Apollo EV to Provide High-Quality In-vehicle Network Connectivity Solutions

uCloudlink Group Inc. - American Depositary Shares (UCL) 
Company Research Source: PR Newswire
HONG KONG, Nov. 28, 2022 /PRNewswire/ -- UCLOUDLINK GROUP INC. ("UCLOUDLINK" or the "Company") (NASDAQ: UCL), the world's first and leading mobile data traffic sharing marketplace, today announced that the Company has signed a memorandum of understanding (the "MoU") with APOLLO EV PTE. LTD ("Apollo EV"), initiating cooperation in the field of Internet of Vehicles, which need high-quality data connectivity solutions.Pursuant to the MoU, UCLOUDLINK will provide seamless and high-quality data connectivity solutions for Apollo EV by installing products or integrating IoT modules with GlocalMe Inside implementations on Apollo EV's vehicles. The two parties will sign contracts in the future to specify detailed products and services. Through the cooperation, UCLOUDLINK leverages its innovative technologies, like cloud SIM and hyper-connectivity ("HyperConn") technology, to provide Apollo EV with reliable, better, high-quality in-vehicle network connectivity solutions."We are pleased to annou Show less Read more
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