RTTNews | Sep 16, 2021 07:36AM EDT

07:35 Thursday, September 16, 2021 (RTTNews.com) - Shares of telecommunications infrastructure provider, UTStarcom Holdings Corp. (UTSI) are rising more than 4% in the pre-market on Thursday on the news of its partnership with China Comservice Zhongrui Technology Co., Ltd. to develop products for various technologies including blockchain.

As per the strategic cooperation agreement, signed on September 8, 2021, the two companies are planning to develop software and hardware products in the fields of blockchain, Internet of Things, cloud computing, big data, artificial intelligence, 5G + industrial internet, information security and others. UTStarcom said, the companies are going to have their initial focus on the blockchain and 5G access/IoT devices and applications.

UTSI closed Wednesday's regular trading at $1.21, up 2.54%. The stock is currently at $1.27.

Read the original article on RTTNews ( https://www.rttnews.com/3226233/utstarcom-adds-4-in-pre-market-on-deal-with-zhongrui-technology.aspx)

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