Penny stock under Rs 70 jumps after partnering with Air Europa to deploy 80 portable IFE units on 40 Boeing 737 MAX aircraft
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 35.7 per cent from its 52-week low of Rs 49.60 per share.
Maxposure Limited's in-flight entertainment (IFE) technology arm, AeroHub, has announced a strategic partnership with Air Europa, a leading Spanish commercial airline. This collaboration will see the deployment of AeroHubPro, AeroHub's advanced portable IFE system, across 40 Boeing 737 MAX aircraft. Each aircraft will be equipped with two AeroHubPro units, totalling 80 devices in this initial phase. The rollout is set to begin next month with the first two aircraft, followed by a phased implementation across the entire fleet. To ensure smooth operations and support, a dedicated logistics partner in Spain will handle distribution and servicing.
AeroHubPro is a compact, plug-and-play system that streams a variety of content, including movies, series, games, and travel shows, directly to passengers' personal devices. A key advantage is that it requires no onboard hardware modifications or app downloads, making it efficient and cost-effective. This partnership marks a significant step in AeroHub's global expansion, highlighting the growing demand for flexible and portable IFE solutions in the international aviation market. As part of Maxposure Limited, AeroHub leverages the group's extensive content capabilities and international presence to provide scalable and customizable entertainment for airlines worldwide.
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About the Company
Maxposure Limited, founded in 2006, is a pioneer in India's content distribution landscape, offering comprehensive solutions across multiple platforms. The company's innovative approach and strategic focus have attracted a distinguished clientele, including IndiGo, Air India, Gulf Air, Air Arabia, Incredible India, Maruti Suzuki India, Madhya Pradesh Tourism, the Ministry of External Affairs and luxury hospitality brands like Oberoi and Taj. Maxposure has also developed cutting-edge technology with its AeroHub Wireless Streaming Server (WMS), enabling faster and more cost-effective in-flight content delivery. To cater to a global audience, the company provides content services in over 20 languages, spanning European, Asian and Indian dialects.
The company has a market cap of over Rs 150 crore. On Wednesday, shares of the company jumped 9.80 per cent to Rs 67.30 per share from its previous closing of Rs 61.30 per share. The stock is up by 35.7 per cent from its 52-week low of Rs 49.60 per share.
Disclaimer: The article is for informational purposes only and not investment advice.