Cableclix USA Inc. (OTCMKTS:CCLX)
Cableclix USA Inc. (OTCMKTS:CCLX) stock was a big mover in Wednesday’s trading session after unveiling a groundbreaking software that addresses apps and hardware deficiencies in the delivery of content from a number of providers online. Cableclix stock was up by 17.56% to end the day at $0.0241 a share. The rally came just days after the company was plunged into uncertainty with the resignation of founder and chief technical officer Mark Bayliss.
Cableclix’s Online TV App
Cableclix USA Inc. (OTCMKTS:CCLX) is a leading developer of hardware and software chord-cutting solutions for the online TV streaming market. The company offers over-the-air high definition network broadcasts, free to air, and paid content over private networks owned by ISPs.
The company’s latest innovation is a software that addresses pain points that come into being with the use of too many separate apps and confusing interfaces to access content. Cableclix USA Inc. (OTCMKTS:CCLX) app is designed to introduce new content across a number of providers from a single platform.
The groundbreaking software solutions combine big data with Artificial Intelligence to enhance personalization of TV content. The company also uses machine learning to capture valuable data that tracks in real time, changing viewer behavior in the online TV streaming market.
Cableclix USA Inc.(OTCMKTS:CCLX) new app is currently being alpha tested by end users ahead of its launch on AppleTV that currently serves over 23 million US. Users. There are plans to widen the availability of the app to include other larger platforms such as Roku and Google Chromecast
The new machine learning powered solution should accord users an opportunity to discover and access content with ease.
“Viewers are savvy users now and demand more from their online TV viewing experience […]. CableClix focus on software enables us to gain those key user insights from user habits – a core objective of the business – in a far more fluid and adaptable way than hardware could,” said Cauri Jayen CableClix Chief Product Officer.
Cableclix CTO Resignation
Separately, Cableclix USA Inc. (OTCMKTS:CCLX)’s Chief Technical Officer has stepped down after being found liable of communicating the company’s official business with the market through social media. Following his resignation, the company is currently identifying all corporate assets and intellectual property under his possession with a view of recovering them.
“A full legal examination of his decision to use public forums to express his editorial views will begin immediately and CableClix will disclose the final terms of Mr. Bayliss’ departure at an appropriate time,” Cableclix USA Inc. (OTCMKTS:CCLX) in a statement.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.