Shares of Locafy Limited (NASDAQ: LCFY) were trading 142.86% higher in the pre-market trading Thursday as the SaaS company entered into an agreement with a well-known diversified media company based in the United States. This agreement will allow Locafy to sell its “Entity-Based” Keystone technology alongside the media company’s extensive range of media assets.
Locafy’s Keystone technology, which was launched in December 2022, is designed to optimize clients’ websites for rapid and prominent rankings in competitive national keyword searches.
Keystone has showcased its transformative capabilities by consistently propelling websites with a limited online presence to the forefront of national search results. This achievement has been validated through a series of highly successful trials with clients in recent months, establishing its proficiency in securing prominent rankings for valuable and relevant keywords.
The media organization involved in the agreement is recognized as one of the largest in the United States, possessing a wide-reaching network of media assets and a substantial sales team. Leveraging its extensive resources, the media company will support Locafy in promoting Keystone. The management of Locafy expects this partnership to generate a substantial increase in customers and revenue for the company once fully integrated into its operations.
Maria Reed is a financial journalist with a passion for covering US equities. She joined the ABBO News team in June 2023. Maria holds an M.S. degree in International Economics and Finance from Otto-von-Guericke University in Magdeburg and is a CFA Level 2 candidate.
