Synchronica plc ("Synchronica" or "the Company") - US$1.5m Contract Win from Chinese Handset Manufacturer

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."

About Synchronica

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 percent.

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 www.synchronica.com

Cautionary Statements

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

For further information:

For investor relations enquiries, please contact: 

Walbrook PR Ltd
+44 (0) 20 7933 8780
Investor Enquiries, UK   Paul Cornelius
paul.cornelius@walbrookir.com
       
TMX Equicom
+1 416 815 0700 Ext 290
Investor Enquires, North America   Craig MacPhail
cmacphail@equicomgroup.com

For corporate information, please contact: 

Synchronica plc
+44 (0) 1892 552 720
Chief Executive Officer Angus Dent
     
Northland Capital Partners
+44 (0) 207 796 8800
Nominated Advisor

Corporate Broker
Shane Gallwey;
Rod Venables
Katie Shelton
     
Walbrook PR Ltd
+44 (0) 20 7933 8780
Media and Analyst Enquiries, UK Paul McManus
paul.mcmanus@walbrookpr.com
     
TMX Equicom
+1 416 815 0700 Ext 290
Media and Analyst Enquiries, North America Craig MacPhail
cmacphail@equicomgroup.com

 

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Synchronica plc

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