ROYAL TUNBRIDGE WELLS, UK, Jan. 18, 2012 /CNW/ - Synchronica plc (AIM: SYNC) (TSXV: SYN), the international provider of next-generation
mobile messaging services, has secured an agreement with a handset
manufacturer, based in China, to bundle Synchronica's Mobile Gateway
onto its portfolio of low and ultra-low-cost MediaTek powered handsets.
The order is valued at US$1.5 million, net of taxes and levies, and
covers initial professional services in addition to a perpetual user
licence for the first 1 million handsets. Synchronica anticipates
delivery to the customer by the end of April 2012.
"We're thrilled to have successfully built this relationship with a
leading Chinese manufacturer," says Simon Taylor, Synchronica's EVP for International Sales and
Business Development. "The size of this initial order illustrates the customer's eagerness in
using Synchronica-powered messaging as a way of differentiating their
products. We're already working closely together on developing
innovative go to market strategies, and exploring ideas to further
enhance our partnership".
According to ABI Research, more than 360 million ultra-low-cost and 249
million low-cost mobile phones are expected to ship by 2015.
"This is Synchronica's first handset order since we enriched our MediaTek
Toolkit with enhanced messaging software," says Angus Dent, Synchronica's Chief Executive Officer. "This is a complete set of technical and commercial resources which
enable MediaTek device manufacturers to effortlessly integrate push
email, IM and social networking onto their low-cost handsets.
Importantly, our MediaTek Toolkit provides Synchronica with a key
competitive advantage. We expect to announce further MediaTek-based
contract wins throughout the year."
Synchronica plc is a leading developer of standards-based,
next-generation mobile messaging solutions for mobile operators and
device manufacturers. The Company's flagship product - Synchronica
Mobile Gateway - provides pre-RCS push email, synchronisation, instant
messaging (IM), and social networking services to any mobile phone
currently in use. Synchronica's patented transcoding technology uses
advanced streaming to download email attachments and dramatically
reduces the consumption of wholesale network bandwidth by as much as 90
Synchronica's white-labelled products are licensed by more than 90
mobile operators and eight device manufacturers from emerging and
developed markets, delivering mass market messaging services across the
entire customer base, providing competitive advantage, diversifying
revenues, and reducing churn.
Synchronica is headquartered in the United Kingdom and has a regional
presence in Canada, as well as the USA, Hong Kong, Spain, and Dubai.
Synchronica also operates dedicated development centres in Germany and
the Philippines. A public company, Synchronica is traded on the AIM
list of the London Stock Exchange (SYNC) and the Venture Exchange of
the Toronto Stock Exchange (SYN). For further information, please visit
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements
relating to the future performance of Synchronica. Forward-looking
statements, specifically those concerning future performance, are
subject to certain risks and uncertainties, and actual results may
differ materially from Synchronica's plans and expectations. These
plans, expectations, risks and uncertainties are detailed herein and
from time to time in the filings made by Synchronica with the TSX
Venture Exchange and securities regulators. Synchronica does not assume
any obligation to update or revise its forward-looking statements,
whether as a result of new information, future events or otherwise.
SOURCE Synchronica plc
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| Synchronica plc |
+44 (0) 1892 552 720
| Chief Executive Officer || Angus Dent |
| || || |
| Northland Capital Partners |
+44 (0) 207 796 8800
| Nominated Advisor |
| Shane Gallwey; |
| || || |
| Walbrook PR Ltd |
+44 (0) 20 7933 8780
| Media and Analyst Enquiries, UK || Paul McManus |
| || || |
| TMX Equicom |
+1 416 815 0700 Ext 290
| Media and Analyst Enquiries, North America || Craig MacPhail |