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XACT-SunCorp Sign Joint Venture
XACT Communication, LLC
and SunCorp Technologies, Ltd. have signed a long-term agreement to develop VoIP products on the DECT 6.0 platform, Videophones, and Bluetooth products in the United States, Canada, and Latin America.
The joint venture will focus on the Americas for launching DECT 6.0 products. XACT is an experienced industry leader in personal consumer electronics and telephony solutions and has launched several award-winning communication and digital entertainment products in the United States and internationally -- dramatically changing the global communications landscape. XACT-SunCorp products will be displayed at XACT's Consumer Electronic Show Booth # 9817 from January 5th-8th, 2006.
The combination of XACT-SUNCORP will target the technological needs and lifestyles of a wide variety of consumers and create superior lifestyle enhancing electronic products that not only fulfill consumer needs, but surpasses them. Retail market presence is a noteworthy power of the XACT-SUNCORP joint venture. XACT has significant retail market reach through premier first-tier retail channel partners such as Wal-Mart, Target, Circuit City, Best Buy, including other national and international retail channels.
The XACT-SUNCORP strategy is to combine innovative Internet plug-and-play communication products in the areas of VoIP, Videophones, and Bluetooth enabled categories. According to recent research reports, VoIP subscriber growth is skyrocketing inline with revenue growth. It is forecasted that VoIP will reach triple-digit growth from 2005 to 2006, with 6 million new subscribers a year every year from 2006 to 2008, in which there will be over 24 million subscribers. VoIP service revenue in North America will balloon into a $23.4 billion dollar business by 2009, up from $1.24 billion in 2004.
Posted on Jan 06, 2006
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