by –News Direct–
Los Angeles, CA – FUZE Technology (FUZE), a distinguished IoT company recognized for seamlessly merging hardware and software technology, has revealed its strategic acquisition of MobileQubes, a pioneering entity in portable charger vending solutions. This acquisition marks a significant expansion of FUZE Technology's network of smart charging stations, firmly establishing it as a leading provider of out-of-home mobile charging solutions across North America.
FUZE, operating under its prominent brand chargeFUZE, is already a significant player in the out-of-home mobile charging landscape. Their portfolio includes extensive partnerships with Live Nation Entertainment, Unibail-Rodamco-Westfield (URW), ASM Global, Simon Property Group, and more. FUZE also powers guest experiences for the majority of professional sports organizations in North America, spanning all five major sports leagues. Furthermore, FUZE is a prominent presence at various festivals and large flagship events nationwide, including F1, US Open, Live Nation, Insomniac and C3 events.
MobileQubes, widely acknowledged for pioneering portable charger vending, has made remarkable strides in mass transit by securing partnerships with major public transit operators in the US. Their influence also extends into the casino, gaming, and healthcare industries, showcasing their exceptional prowess in portable charging solutions over the past decade and earning them recognition as the original vending solution.
Co-Founders Brandon Afari and Ryan Levy expressed their enthusiasm regarding the acquisition, stating, "We are thrilled to welcome MobileQubes into the FUZE family. Their expertise in portable charging and strategic partnerships in transit and gaming perfectly align with our objectives in expanding into IoT and other hardware/software avenues, including the healthcare sector."
With this strategic acquisition, FUZE Technology aims to combine its strengths with those of MobileQubes, creating synergies across large-scale distribution verticals that encompass public transit systems, digital out-of-home solutions, and now healthcare.
Sean Carrigan, Co-Founder and CEO of MobileQubes, stated, "This merger is a significant step forward for MobileQubes, aligning perfectly with our vision to innovate and provide accessible mobile charging solutions to a diverse range of users, particularly in the transit and gaming sectors, as well as in healthcare."
This acquisition signifies more than just a merger of two innovative companies; it represents a strategic move to connect brands and advertising, offering unprecedented opportunities for businesses to engage with consumers through the widespread deployment of mobile charging solutions in high-traffic areas, including healthcare facilities.
The combined strengths of FUZE Technology and MobileQubes will undoubtedly drive future innovation and redefine the landscape of out-of-home mobile charging, encompassing various sectors, including healthcare. FUZE Technology looks forward to a future of enhanced offerings and expanded reach, continuing to revolutionize the way people stay charged on the go.
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COMTEX_442428508/2655/2023-10-25T08:59:39
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
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