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Legible Inc
Symbol READ
Shares Issued 133,373,250
Close 2023-11-22 C$ 0.135
Market Cap C$ 18,005,389
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Legible enters partnership with Faurecia Aptoide

2023-11-23 01:46 ET - News Release

Mr. Kaleeg Hainsworth reports

LEGIBLE PARTNERS WITH FAURECIA APTOIDE TO EXPAND IN-CAR INFOTAINMENT WITH AUDIOBOOK AND EBOOK INTEGRATION

Legible Inc. has entered a new strategic partnership with Faurecia Aptoide Automotive Lda to provide its app for infotainment systems in cars around the world.

The leading automotive app market, Faurecia Aptoide, is the infotainment solution provider to over three million automobiles globally in 2023, with projected growth to 20 million vehicles by 2025.

Legible is the first company to provide Faurecia Aptoide with an app that provides both e-books and audiobooks for purchase in one accessible, integrated solution, with the goal of rapidly driving revenue at a global scale.

The widespread rollout of 5G, access to 4G LTE connectivity and the current development of software-defined, network-aware, ultraconnected vehicles, including a future with driverless cars, are combining to feature infotainment as a huge growth opportunity, and Faurecia Aptoide has been a major player by working closely and developing opportunities with original equipment manufacturers and app developers. Legible's huge selection of e-books and audiobooks, as well as living books, artificial-intelligence-powered offerings and exciting partnerships with globally loved entertainment brands such as Stan Lee Universe, positions the company as the digital literature provider of the future.

"We are thrilled to partner with Faurecia Aptoide to bring the world of literature and storytelling to in-car infotainment systems around the world," said Kaleeg Hainsworth, chief executive officer of Legible. "This collaboration reflects our commitment to making reading and listening to books more accessible and convenient than ever before, seamlessly integrating them into people's daily lives."

Key features of the partnership include:

  • Integration: Legible's vast digital library will be harmoniously integrated into Faurecia Aptoide's in-car infotainment app store, allowing car owners to access their favourite books and audiobooks with ease.
  • Diverse content selection: Users will have access to a vast collection of e-books and audiobooks spanning multiple genres, ensuring that there is content for everyone.
  • Off-line access: Drivers and passengers will be able to download content for off-line access, making it convenient for long trips or areas with limited connectivity.
  • Customized user experience: The integration will provide personalized recommendations based on user preferences and reading habits.
  • Safe, user-friendly interface: The Legible app is designed with safety in mind, ensuring minimal driver distraction while providing a user-friendly interface and access to books not only in the car but also on mobile devices. E-books and audiobooks will be available for purchase, as well as Legible's Unbound membership service, which provides unlimited access to a vast curated selection of e-books and audiobooks for a low monthly cost.

"Faurecia Aptoide is focused on bringing valuable content to vehicle users worldwide and collaborating with Legible to make literature easily accessible to vehicle users -- even on the move -- is exciting," declared Thijs van Herkhuizen, general manager at Faurecia Aptoide. "Enabling drivers and passengers to have more enjoyable, connected car rides is the main priority, and this is a step in that direction."

The partnership between Legible and Faurecia Aptoide will offer car owners around the world a new dimension of convenience and enjoyment. With Legible's extensive catalogue of e-books and audiobooks easily accessible, drivers and passengers everywhere can look forward to having a world of stories and knowledge at their fingertips, transforming daily commutes and long drives into engaging and enriching experiences.

About Legible Inc.

Legible is a groundbreaking mobile-centric global company, specializing in e-books and audiobook entertainment, boasting a market opportunity exceeding billions of dollars. Legible's extensive partnerships encompass four of the big-five publishers and the world's largest e-book distributor, enabling it to seamlessly deliver over two million e-books and audiobooks, effectively transforming any smart device into a dynamic library and e-bookstore. At the heart of Legible's innovation lies its LibrarianAI, the world's pioneering artificial-intelligence-powered assistant, enhancing the reading experience. Legible's publishing division is revolutionizing the industry by crafting proprietary artificial-intelligence-enriched multimedia books, setting new standards in literary engagement.

Legible is at the forefront of reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st century publishing solutions and enriching global reading experiences.

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