Thursday, February 26, 2015

Cleartronic, Inc. (CLRI) Bolsters Business Relationship with Collabria, LLC through Expanded License Agreement

Cleartronic, a technology holding company, has announced that it has entered into a new License Agreement with Collabria LLC, a communication software company located in Tampa, Florida. The agreement further solidifies the business dealings between the companies and pairs Cleartronic, with its new subsidiary ReadyOp Communications, Inc., making the two companies the primary means for future marketing and sales of the ReadyOp platform. The ReadyOp platform is currently being marketed by Collabria LLC. The agreement calls for the issuance of shares of Cleartronic stock to Collabria LLC in return for a master distributor relationship for the ReadyOp platform. Specific terms of the license agreement were not disclosed.

Cleartronic Chief Executive Officer Larry Reid stated, “We have had a strategic relationship with Collabria prior to this, but Collabria has maintained their own sales and marketing focus. With this agreement, our new ReadyOp Communications subsidiary will take the lead role of marketing ReadyOp. Our marketing efforts will include local, state, national and international clients in multiple industries and government agencies. We will also continue the integration of our hardware products with the ReadyOp communications platform.”

Collabria’s CEO, Marc Moore, added, “This new licensing agreement will provide the opportunity for us to focus our sales and marketing efforts in one company while maintaining the development work on the communications platform in a separate entity. The ReadyOp platform is now proven and in daily operational use by many agencies at all levels of government and internationally. We will now be expanding our marketing efforts in our existing markets and expanding into new territories. Additionally we have added several new capabilities to ReadyOp in recent months that enhance its power, speed and flexibility.” Mr. Moore’s also holds a Director position at Cleartronic.

Cleartronic is a technology holding company that creates and acquires operating subsidiaries to develop, manufacture and sell products, services and integrated systems to government agencies and business enterprises. For more information on the company visit www.Cleartronic.com.

Collabria’s software suite ReadyOp™ provides government agencies, hospitals, first responders, companies and unified commands with multiple communication capabilities and options in a single, secure platform. ReadyOp supports daily operations, incident management, special event planning, and emergency response and recovery. For more information, please visit www.collabriasoftware.com.

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