Technology firms have made gains throughout the period of this pandemic, due to the heavy reliance on getting work done from home amid physical distancing.
The tech sector in New York hiked 2.2% Wednesday, while in Canada, techs leaped 1.1%, though no stocks in that sector met the criteria for inclusion in this column.
mPhase Technologies, Inc. (OTC:XDSL) told investors Wednesday it has added two new channel partners for its Learning Track platform. The addition of these two channel partners increases the total number of channel partners to three, each of which will be targeting different customer verticals within their respective sales networks.
The technology company, based in Gaithersburg, Maryland, goes on to say these two new channel partners are focusing on over 300 universities and institutions of higher education along with government, private training companies, and industrial and business clients outside of the Company’s previous geographic and occupational footprint.
According to CEO Anshu Bhatnagar, "Channel partners are going to play an important role in the growth of our platform. These sales organizations will enable us to more quickly establish our brand and generate exposure in key categories, particularly higher education. The training and testing space is waking up again after slowing during the pandemic."
XDSL shares jumped 7.9 cents, or 66.1%, to 19.9 cents, on volume of 74,000 shares.
