Benzinga | Jul 22, 2021 09:12AM EDT

Cuentas To Launch WaveMax's SharedWiFI6 Patented Technology In 1,000 US Locations

* Fintech provider Cuentas Inc (NASDAQ:CUEN) inked an agreement to launch WaveMax's SharedWiFI6 patented technology (Wavemax Patent) in 1,000 locations.

* The parties will install advanced WiFi6 Access Points and Small Cells in these 1,000 "Bodega Stores" in a 50/50 joint venture.

* The rollout will begin in the New York City Metropolitan Area with 500 Locations in NYC, 330 locations in New Jersey, and 170 locations in Connecticut.

* They will become Cuentas premium locations near public train stations and mass transit hubs and offer all its products and services on secure networks.

* The agreement also includes plans to roll out the service in other areas throughout the U.S.

* Price action: CUEN shares traded higher by 22.6% at $4.365 in the premarket session on the last check Thursday.