Yojee Celebrates Launch Of BoxApp With Over 10% Surge On ASX

YOJ

Yojee Limited (ASX: YOJ) is a technology solutions provider that focuses on building delivery network and blockchain technology platforms for logistics services. The core business of the company is to provide logistics technology solutions for on-demand movement of goods and services. The platform build by the company enables mass participation in a sharing economy network to help both sender and carrier.

The company, today on 14 February 2019, has announced the addition of a new mobile application called BoxApp. This will help in solving the markets need for a portable ‘transport management system lite’ for owner-operators and the thousands of discreet logistics networks to its product suite. This has been achieved through the utilisation of the company’s extensive existing API set and mobile capabilities in its version 2.0 platform completed in mid-2018. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

Logistics represents anywhere between 3.0% to 25% of a country’s gross domestic product, and it is often extremely fragmented. Market Data and internal research has demonstrated the requirement for a ‘gateway solution’ between legacy operating models and achieving digital literacy across the millions of drivers and unofficial logistics networks which traditional transport management systems would not satisfy.

BoxApp will enter the marketplace as an advanced industry-specific messenger app, uniquely positioned as a stepping stone between the users existing solutions such digital messaging applications and traditional paper form which can result in information being lost and extremely difficult to share.

Hence, the technology customers and shippers are in constant demand of achieving real-time visibility, data and automated accounting. SMEs and large enterprises are serviced by Yojee’s existing software through a Service Transport Management System; however, the sole trader and discreet network marketplace have yet to be offered a solution. This represents a significant percentage of the global logistics operator marketplace.

The company will provide the messenger and job management functionality for free and with unlimited usage, with hundreds of application programming interface, data points and finance and reporting features in the backend of the application able to provide monetizable benefits to both the user and the Company. Additionally, BoxApp is planned to provide ‘in-app purchases’ including job reports to fast-track invoicing, keeping sole traders on the road and earning, instead of in the office performing unbilled administrative work.

The Managing Director of the company Ed Clarke said that the company has always been committed to providing technology to companies of all sizes, and this is a further demonstration of their commitment. The company provides solutions that are helpful to the small family business as well as the world’s largest enterprises who to this day still assign work to individual vehicle operators.

On the price-performance front, the stock of Yojee Limited last traded at $0.086 and rose significantly by ~10.256% during the day’s trade (AEST 2:22 PM). It has a market capitalisation of $66.1 million. The stock has generated a YTD return of 27.87% and posted returns of -25.71%, 4.0% and 30.0% over the last six months, three months and one-month period respectively. It has a 52-week high price of $0.245 with an average trading volume of 818,583.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Checkout our Free Dividend Stocks Report

Specially made for income-hungry investors, Invest in growing Franked Dividends an opportunity that should not be missed.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report