Loading...
Loading...
Wireless Ronin
Technologies, Inc.
, a leading marketing technologies
solutions provider, and Delphi Display Systems, Inc., a leading
manufacturer of outdoor LCD-based display systems for digital
signage, have entered into an exclusive licensing and services
agreement to provide integrated technology solutions to the
quick-service restaurant (QSR) and "pump topper" gas station markets.
Under the terms of the agreement, Wireless Ronin granted Delphi an
exclusive license to use and sublicense its RoninCast(R) 4.0
HTML5-based software in the QSR and pump topper target markets.
Delphi will market and sell the end-to-end customer engagement
solutions exclusively to the QSR and pump topper markets as part of
its Insight Engage(TM) technology platform. In consideration for the exclusive license, Delphi will pay Wireless Ronin a minimum of $2.0
million over five years, $750,000 of which to be paid within two days
following execution. Delphi will use Wireless Ronin's 24/7 network
operations center exclusively to host Delphi's digital signage
applications, which will provide Wireless Ronin recurring hosting and
maintenance revenue over the next five years. Wireless Ronin and
Delphi have also mutually agreed to not compete with each other
within and outside the target markets. Each party has agreed to refer
prospective customer opportunities outside its own exclusive markets
to each other to leverage the relationship.
Delphi intends to integrate Wireless Ronin's latest RoninCast(R)
software technology with Delphi's Insight Engage(TM) drive-through
technology platform to provide a full service, end-to-end customer
engagement solution in the QSR and pump topper markets. The solution
will be designed to address the needs of Delphi's global installation
base of more than 30,000 customers, including large franchisees of
major QSRs, as well as Wireless Ronin's current pipeline of potential
customers in the QSR target market.
The fully-integrated solution will include interior and exterior digital menu boards, order confirmation, wireless communication
systems and timing systems, along with cloud-based software to manage
these functions and deliver performance metrics.
Wireless Ronin will provide content management and delivery,
enterprise-wide real-time data aggregation, analytics and reporting,
as well as integration with point of sale (POS), mobile devices,
social media, and customer loyalty programs. Delphi also provides
integrations with virtually every common POS platform as a key part
of its business.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in