"The agreement has provisions for revenue sharing between GyPSii and Samsung, utilizing the business models enabled by GyPSii", stated the press release from GeoSentric.
“Social networking and location-based services on the mobile phone are now mainstream, so
we looked to emerging innovators in the industry to support and deliver these value-added
services,” said WS Lee, Vice President of R&D, at Samsung Electronics Mobile Business.
This agreement with the number two worldwide handset manufacturer is definitely an important milestone for GyPSii. Last month agreement with Garmin for the Nuvifone was a good sign, but this Samsung deal is likely to bring millions of new users to GyPSii.