Yojee Limited has entered into an Innovation Framework Agreement (Agreement) (via its wholly owned subsidiary, Yojee Solutions Pte Ltd) with UPS Asia Group Pte Ltd (UPS) (a subsidiary of United Parcel Service, Inc.) to provide a framework to facilitate an ongoing technology collaboration.
The Agreement is for a term of 12 months and fees may be derived by Yojee on any collaborations between Yojee and UPS. Under the Agreement, specific projects may be identified and project terms, such as activities, timing, locations, and project costs, are to be separately agreed between Yojee and UPS on a project by project basis.
Following on from Yojee’s recent successful blockchain pilot collaboration, Yojee and UPS agreed to enter into the Agreement to facilitate a broader and longer term collaboration. The intention of this overarching agreement is to enable both parties to more efficiently work together to develop, or improve, services and products for the UPS operating environment, and identify further opportunities to collaborate in areas spanning technology, software, payments and blockchain.
Mr Ed Clarke, Managing Director of Yojee said, “We are excited to extend and broaden our working relationship with UPS, the world’s largest package delivery company, through this overarching innovation partnership which will span technology, software, payments and blockchain. Following on from our successful blockchain pilot, this provides further industry validation and endorsement for Yojee’s market leading capabilities.”
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