VOXX International Corp - Ordinary Shares - Class A

NASDAQ:VOXX   3:59:51 PM EDT
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Debt Financing / Related, Strategic Combinations

VOXX Announces Exclusive Distribution Agreement Between EyeLock And GalvanEyes Partners

Published: 05/03/2021 13:06 GMT
VOXX International Corp - Ordinary Shares - Class A (VOXX) - Voxx International Corporation Announces Exclusive Distribution Agreement Between Eyelock Llc and Galvaneyes Partners Llc.
Voxx International Corp - Announced That Eyelock Co's Majority-owned Subsidiary Entered Into a 4-year Agreement With Galvaneyes Llc.
Voxx International - Galvaneyes Will Become Exclusive Distributor of Eyelock Products in Eu, Switzerland, Puerto Rico, Malaysia, & Singapore.
Voxx - Eyelock Has Granted Galvaneyes Exclusive Distribution Rights in U.S. for Residential Real Estate Market & Specific U.S. Government Agencies.
Voxx International - in Consideration of Exclusivity Being Granted, Galvaneyes Agreed to Pay Eyelock $10.0 Million With an Annual Fee of Up to $5.0 Million.
Voxx International Corp - Any Gross Profit Generated by Galvaneyes on Sale of Eyelock Products by Galvaneyes Will Be Deducted From Annual Fee.