Hop-On Inc (HPNN)

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Boston, MA 02/20/2014 (wallstreetpr) - HOP-ON INC (OTCMKTS:HPNN) has blown off the roof and can be seen heading for the sky. The stock has escalated by as much as 500 percent on the news that it has signed an important patent licensing agreement with Microsoft Corporation (NASDAQ:MSFT). And an incredibly high volume of shares exchange hands.

HOP-ON INC (OTCMKTS:HPNN) which is a U.S. based designer and manufacturer of cellphones, credited for making the first disposable cellphone, is the latest company to ink an Android patent licensing agreement with Microsoft.

This essential patent agreement with software gorilla Microsoft will enable HPNN to take its device manufacturing to a whole new level and more importantly, significantly boost its business performance. The company manufactures an array of electronic devices among them smartphones, set-top boxes, mobile apps, Android-based televisions and eReaders among many more.

With the latest deal with Microsoft, HOP-ON INC (OTCMKTS:HPNN) believes it has secured very important patents for computing and mobile communications technologies. As a global original equipment manufacturer, that move in itself makes a whole lot of sense, considering the cutthroat competition in the smart electronics market.

About HOP-ON INC

As it has already been mentioned, HOP-ON INC (OTCMKTS:HPNN) is a designer and manufacturer of electronic devices ranging from set-top boxes to televisions to smartphones and tablets. The company is based in Las Vegas and it is a well known global electronics company. It is vying for a bigger share in the fast-growing smartphone and tablet market and this is why its signing of the Android patent licensing agreement is becoming a hot talk in and out of the stock market spheres.

Android patent licensing story

HOP-ON INC (OTCMKTS:HPNN) is the latest among several companies that have inked contract with Microsoft Corporation (NASDAQ:MSFT) for the use of its Android technology. Microsoft just announced a deal with Voxx Electronics before a press release declaring agreement with HPNN surfaced.

Like other patent licensees, HOP-ON INC (OTCMKTS:HPNN) will pay a royalty amount to Microsoft, although the specific amount of the royalty has not been disclosed. It is however believed that Microsoft generates a significant amount of dollars from the business of licensing its patents.

Concluding

Now with the hold of an important patent, HOP-ON INC (OTCMKTS:HPNN) will vie to unseat rivals such as LG, Acer, Amazon.com Inc (NASDAQ:AMZN), Samsung and HTC among others that have already signed almost similar patent agreements with Microsoft Corporation (NASDAQ:MSFT).