Iconic Labs Contract Win
(LSE:ICON ) has announced a successful trial has resulted in a signed a commercial partnership agreement with Glimpse Protocol, a leading provider of advanced technologies to Ad-tech.
Glimpse Protocol are a market leader in data protection using frontier technologies. Their cookieless platform uses two forms of advanced cryptography to protect consumers' personal internet browsing data from being seen, read, transferred, sold or recycled by another party.
This partnership positions Iconic Labs to become an industry leader in the ‘cookieless advertising’ space and future proof this part of the Company's business while Glimpse Protocol will benefit from Iconic Labs’ advertising expertise and access to multiple platforms.
Google have recently announced within 2 years their chrome browser will no longer be using cookies which store personal browsing data on your PC/Phone. Apple have also taken a similar approach with their safari browser.
Glimpse Protocol will now compete for programmatic inventory on the Iconic Labs platforms with other advertisers whilst enabling programmatic advertisers to comply with GDPR and internal policies while still conducting effective advertising.
Iconic Labs will use the Glimpse Protocol's technology on all of their owned and operated platforms including JOE Media where the Glimpse Protocol platform will be tested and monitored in real time. The Glimpse Protocol platform is currently live on TLE, protecting 1.5million readers so far from their browsing information being obtained by other parties.
It has been agreed that warrants will be issued to Iconic Labs in recognition of their market access and wider advisory support. The warrants entitle Iconic Labs to subscribe for such number of ordinary shares in the capital of Glimpse Protocol, which shall be equal to 1.25% of its issued equity and which are exercisable at a discount to the subscription price payable for ordinary shares on any future sale or capital raise undertaken by Glimpse Protocol.
Shares in ICON have been particularly volatile over the past three months hitting lows and highs of 0.01p and 0.03p respectively. The shares opened up 8% following the contract win with Glimpse Protocol
Samuel Regan Asante COO of Iconic Labs - "We are very pleased to announce a partnership with Glimpse Protocol who are leading the way in cookie-less technologies within the AdTech industry. Iconic Labs is aiming to establish itself as a leader in both the tech and media fields and Glimpse Protocol's technology presents the perfect balance of the two. With Glimpse Protocol's existing partnership with The Founder's Factory we're excited about their future as a leader in the industry."
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