Xped Limited announced that they have signed a Memorandum of Understanding with Arcadyan Technology Corporation that will result in both companies working together and develop a binding agreement to license several Xped technologies and develop complete end to end IoT solutions for Arcadyan and for the Arcadyan OEM Customer base. When a binding agreement is reached, Xped will license their technologies to Arcadyan for use in their Smart Gateways and devices. Xped's technologies to be licensed will include: Xped App Framework; Xped Infrastructure Platform; Auto Discovery Remote Control Proxy; ADRC Daemon; RML Translation Library; and One Tap Provisioning of Gateway and Smart Devices. Xped will provide an Arcadyan branded versions of the Xped App customised for a Smart Home solution and a Smart Health solution. In addition, Xped will develop white labelled apps for Arcadyan OEM customer base. Arcadyan will provide Smart Gateways, Smart Microphone/Speaker for Natural Language Processing, Smart Home Devices, and Smart Health Devices. Relevant to Business Development, Xped and Arcadyan will work together to on progress business development opportunities with immediate effect, this will include dual marketing at Event, Trade shows, and client visits. Arcadyan provides Xped with access to their existing customer base which includes very large Telecommunication Companies and Retail Channels. Collaborative business development and customer introductions are expected to commence in first quarter of 2017. Under the proposed terms, Arcadyan will have the option to License directly from Xped at above pricing or participate in a Revenue Sharing agreement if they introduce customers to Xped.