Max Sound Corp. (OTC: MAXD), a digital audio solutions provider, closed the last session at $0.0132, after rising 68.59% in value, making its market cap $86.62M. The volume of the MAXD stock traded recently reached $1.11 billion, exceeding the average daily volume of 373.63 million. Additionally, the shares have been traded in the range of $0.0078 to $0.0135. There are 6.36B shares outstanding vs a float of 3.64B for the pink sheets company.
What is the MAX-D known for?
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The San Diego-based Californian company, Max Sound can provide a better solution for Audio, Video, and Data transmissions for being the creator of the acclaimed MAXD HD Audio.
The MAX-D proprietary technology converts compressed and streaming audio files into full High Definition sound waves and reduces file size.
The software restores the compressed audio into a dynamic sound wave by re-synthesizing information lost during compression.
In the process, a smaller, deeper, richer audio file has been created. A patent portfolio owned by Max Sound Corporation relates to Optimized Data Transmission Technology. Max Sound and MAXD Audio Perfected and HD Audio are registered trademarks.
A significant development made by the company this month:
Max Sound (MAXD) on last Thursday announced the signing of a Joint Venture Agreement with TIP Solutions. The JV will enable the companies to sell their revolutionary technologies, which include an award-winning Patented and Trademarked MAX-D HD Audio platform and the Cutting Edge Call Management technology from TIP.
TIP has licensed HD Audio breakthrough of MAX-D under the joint venture. Although the companies have not unveiled the amounts involved in the deal but disclosed that a total of the six-figure, up-front license fee is being paid for the HD Audio by TIP. Also, MAX-D will be getting projected fees and royalties of seven-figures for ten years.