Procore signs multi-year strategic collaboration agreement with AWS
SINGAPORE - OrangeKloud Technology Inc. (NASDAQ:ORKT), whose stock has surged over 27% in the past week according to InvestingPro data, announced Wednesday it has signed a contract with Evvo Labs Pte. Ltd. to supply and implement 450 Cloud Workspace Terminals valued at $301,275.
The Singapore-based technology company, which offers the eMOBIQ No-Code platform for mobile application development, will provide the terminals to Evvo Labs, a Singapore-based ITMS technology company specializing in cybersecurity and digital transformation.
Alex Goh, CEO of OrangeKloud, said the project "validates the strength of our sales pipeline and reinforces our positioning as a holistic IT solutions provider."
The implementation of Cloud Workspace Terminals aligns with OrangeKloud’s strategy to enable digital transformation through infrastructure-ready and low-code/no-code technologies for enterprise and government clients.
Evvo Labs has previously won Singapore Government Bulk Tender Awards for Cybersecurity and Digital Media since 2010, according to the press release statement.
OrangeKloud Technology primarily focuses on developing mobile applications for small and medium enterprises and corporations across various sectors including food services and manufacturing, precision engineering, and construction.
In other recent news, Orangekloud Technology Inc. has successfully regained compliance with Nasdaq standards. The company received confirmation from the Nasdaq Stock Market that it meets the alternative minimum $2.5 million stockholder’s equity requirement, as detailed in its annual report for the year ending December 31, 2024. This development resolves a previous compliance issue reported on December 13, 2024, when Orangekloud was notified of not meeting the minimum market value of listed securities of $35 million. The company’s Chief Executive Officer, Goh Kian Hwa, signed the SEC form 6-K report, confirming the resolution of this matter. This announcement is based on a Form 6-K report filed with the Securities and Exchange Commission, ensuring investors are informed about the company’s compliance status. The filing highlights Orangekloud’s adherence to the rules and regulations of the Nasdaq Stock Market, where its securities are traded. These recent developments provide important updates for investors regarding the company’s standing in the market.
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