Shares of Direct Communication Solutions (OTCMKTS:DCSX) have been trading higher over the past week with a jump of 40%.
Market Reaction
On Thursday, DCSX stock ended flat at $0.3931 with 2.1k shares, compared to its average volume of 4.4K shares. The stock moved within a range of $0.3931 – 0.3931after opening trade at $0.4152.
DCS Chooses Telenor as Its Preferred Source for Connectivity
Technology solutions integrator for the IoT sector, Direct Communication Solutions (OTCMKTS:DCSX), on February 24, 2022, announced choosing Telenor’s Managed Connectivity service for providing reliable connectivity for IoT solutions. A leading Technical Services Provider for telematic and SaaS solutions in North America, DCS is focusing on connecting the Internet of Things. Its solutions portfolio is designed for removing complexities of deploying IoT solutions, through a solution readiness program.
Additionally, DCS offers logistics services from SIM to shipment as well as custom packaging to labels. DCS would be gaining access to several Mobile Network Operators with a Telenor IoT’s Connect service. It would enable them to connect solutions and products to the cloud.
The on-demand access to “Big Data” will ensure customers manage business needs effectively. Telenor will be giving DCS global managed connectivity and also allow access to more than 500 networks in more than 200 countries.
Chris Bursey, CEO at DCS said that the capability to optimize connectivity is significant to the success of its IoT solutions growth strategy. Bursey added that the firm needs a dependable and established global partner having contracts with operators in markets and Telenor Connexion has it.
Seth Ryding, Chief Sales & Solution Officer APAC, EMEA, and Americas at Telenor Connexion said that the firm is excited to be part of Direct Communication Solutions’ connectivity journey.
Key Quote
Chris Bursey, CEO at DCS, says, “The ability to optimize our connectivity is vital to the success of our IoT solutions growth strategy. We needed a dependable, established global partner that already had contracts with operators within the markets where we are present, and we found that with Telenor Connexion.”
Traders Review
DCSX stock is trading below the 20-Day and 50-Day Moving averages of $0.4310 and $0.4252 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.6524.
