Chameleon Smart Home Adopts Licensing Model for Int'l Expansion

Innovation

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Chameleon Smart Home, a Hungarian startup that offers a brand-independent smart home system hub, has adopted a licensing model for expanding on geographically remote markets, the company said in an announcement posted on the website of the Budapest Stock Exchange on Tuesday, according to a report by state news wire MTI.

Chameleon Smart Home has gauged the market in Canada with respect to adopting the model and started "preliminary negotiations", it said.

An announcement will follow if talks advance to a milestone stage, it added. 

Chameleon Smart Home's shares are traded on the bourse's Xtend platform tailored to SMEs.

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