Telefix Communications Holdings Inc (OTCMKTS:TLFX) hit the limelight after it announced the receipt of a contract from Verizon Wireless. The company said that it has won a Vertical Solution Provider M2M Agreement deal from Verizon.

Gets Verizon’s M2M network

The company went ahead to explain that it has become an authorized user of Verizon’s M2M (Machine to Machine) wireless lines of service as per the terms of the agreement. It said that the data lines will provide machine to machine video communications to Telefix Communications Holdings Inc (OTCMKTS:TLFX)’s users of workflow process management and documentation system,.

At the same time, the company added that the agreement will further help it to co-markets products via sales distribution, thereby, allowing the industry leaders to deliver latest solutions and mobile experiences to their mutual clients. The functionality will enable the users to remote work sites on a real-time basis.

Help resolve day-to-day service issues

It is noteworthy that Telefix Communications Holdings Inc (OTCMKTS:TLFX) is the first company to deploy a comprehensive subscription-based technologies, which includes Wearable Technology (IOT), Internet of Things, Interactive Real Time Live Video, Data Analytics and Virtual Cloud Platform (PaaS). The agreement will enable the company to resolve common daily issues in the service industries.

During the press note, Telefix Communications Holdings Inc (OTCMKTS:TLFX)’s president and CEO, Mezuan Norman called the agreement reached with Verizon as game-changer. He said that it an altogether exciting development, which will help the company to progress in a new direction. He added that the Verizon’s network will pave the path for the companies to connect, ensure safety, manage quality and overall field operations.

As a result of the new development, the stock of Telefix Communications Holdings Inc (OTCMKTS:TLFX) soared by a whopping 36% to $0.00380. A total of 20.53 million shares changed hands during the day.