AudioEye Expands to EU to Address New European Accessibility Act, 3M Fines

AudioEye Inc. (NASDAQ:AEYE) is one of the tech stocks to buy according to analysts. On July 1, AudioEye announced its expanded presence in the European Union. The expansion is in direct response to the enforcement of the European Accessibility Act/EAA, which came into effect on June 28 this year.

The EAA introduces broad requirements for businesses to ensure their digital products and services are accessible to people with disabilities and imposes significant penalties for non-compliance. The EAA applies to any company operating in the EU with more than 10 employees and €2 million in annual revenue, which includes international businesses that sell to EU consumers.

It covers a range of digital touchpoints, such as websites and mobile applications. Organizations are required to align with the Web Content Accessibility Guidelines/WCAG 2.1, Level AA, as referenced in EN 301 549, the European accessibility standard. As of June 28, non-compliance can result in fines of up to €3 million, depending on the Member State, and may also expose brands to additional legal risks.

AudioEye Inc. (NASDAQ:AEYE) provides Internet content publication and distribution software and related services to the Internet and other media for people regardless of their device, location, or disabilities in the US and Europe.

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Disclosure: None. This article is originally published at Insider Monkey.