Connexa Licenses Matchmaking Technology Eternity Technology Covering UK, Europe -- Shares Surge

MT Newswires Live

Oct 08, 2024

Connexa Sports Technologies (YYAI) said Monday that it licensed Yuanyu Enterprise Management's matchmaking services to Eternity Technology that covers UK and other major European markets.

The agreement covers minimum payments of over $19 million to Yuanyu across calendar 2024 to 2026, according to the company. Eternity will offer matchmaking services using Yuanyu's technology in the UK, and Europe including Switzerland, Austria, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.

Yuanyu owns six technologies related to the metaverse and five artificial intelligence-based matchmaking patents. Connexa owns a 20% stake in the Hong Kong-based online matchmaker.

Connexa said it plans to sign similar agreements in the coming weeks to globalize Yuanyu's business.

Connexa shares were up over 12% in recent trading.

Price: 8.32, Change: +0.90, Percent Change: +12.13

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Eternity will offer matchmaking services using Yuanyu's technology in the UK, and Europe including Switzerland, Austria, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.</p><p>Yuanyu owns six technologies related to the metaverse and five artificial intelligence-based  matchmaking patents. Connexa owns a 20% stake in the Hong Kong-based online matchmaker.</p><p>Connexa said it plans to sign similar agreements in the coming weeks to globalize Yuanyu's business.</p><p>Connexa shares were up over 12% in recent trading.</p><p>Price: 8.32, Change: +0.90, Percent Change: +12.13</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YYAI","symbol_name":"AIRWA INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2473480091","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473480091","pubTimestamp":1728329661,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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