ROYAL TUNBRIDGE WELLS, United Kingdom, Dec. 23 /CNW/ - Synchronica plc ("Synchronica") (AIM: SYNC) (TSX Venture: SYN), the
instant messaging and data synchronisation provider, announces that it
has signed an agreement for a Mobile Network Operator (MNO) in the
Middle East worth approximately US $1.5 million for its first year.
Under the terms of the agreement, Synchronica will provide its award
winning mobile push email and IM (Instant Messaging) software,
professional services and support from late 2010. The agreement was
signed with a reseller in the UAE and includes an initial volume of
perpetual licenses worth US $1,198,000, and US $75,000 of additional
professional services. The agreement also includes recurring support
and maintenance fees of US $215,640 over each 12 month period for the
life of the licenses.
Mobile penetration in the Middle East has risen from 53% in 2005 to 88%
at the end of 2009, and is expected to soar to up to 130% by 2015.
Mobile subscribers in the Middle East rose from 53 million in 2005 to
over 185 million in 2009, and are expected to cross the 200 million
milestone this year before skyrocketing to 296 million by the end of
2015. (Source: Dataxisnews.com, April 2010).
Synchronica's Mobile Gateway provides push email and mobile
synchronisation services and has recently been expanded to include
instant messaging, news feeds and access to popular social networking
sites. Mobile Gateway is based on industry standards and requires no
additional software client to be downloaded to the handset and enables
push email for the broadest range of handsets, from high-end
Smartphones to low-cost, entry-level devices.
Carsten Brinkschulte, CEO of Synchronica, said, "We are delighted to
have signed this agreement for yet another network operator within the
Middle East and the addition of a reseller within the UAE certainly
adds to the Company's scalability across the region. Recent forecasts
suggest there is huge potential for significant mobile market growth
across the Middle East with appetite for mobile push email and instant
messaging rapidly increasing. Synchronica believes it can play a
significant role in the development of this market due to our unique
technology platform, which positions the company well as national
security concerns regarding other mobile email technology providers
increase across the region."
Synchronica plc is a leading developer of next-generation mobile
messaging solutions based on open industry standards. The award-winning
product portfolio includes the flagship product Mobile Gateway,
providing push email, synchronization, instant messaging, backup &
restore and mobile connectivity to social networks. Synchronica's
products are white-labeled and offered by mobile operators in emerging
and developed markets to provide mass-market messaging services,
increasing data revenues and reducing churn.
Synchronica's Mobile Gateway provides a unique multi-protocol gateway
combining Push IMAP, SyncML, ActiveSync, Email-to-MMS and Email-to-SMS,
delivering push email and synchronization to literally any mobile phone
currently in the market without requiring an additional client to be
downloaded. Expanding Instant Messaging to mobile devices, Mobile
Gateway establishes carrier-branded IM communities using the
industry-standard XMPP and provides gateways to popular Internet IM
communities connecting any IMPS enabled handset.
Headquartered in England, Synchronica also maintains a development
centre in Germany, in addition to a regional presence in the USA, Hong
Kong and Dubai. Synchronica plc is a public company traded on the AIM
list of the London Stock Exchange (SYNC.L). For further information
please visit www.synchronica.com.
The foregoing information may contain forward-looking statements
relating to the future performance of Synchronica plc. Forward-looking
statements, specifically those concerning future performance or
results, 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 public filings and
announcements made by Synchronica, including those made with AIM, a
market of the London Stock Exchange, with the TSX Venture Exchange or
with 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.
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.
SOURCE Synchronica plc
For further information: For further information:
|Synchronica plc |
| || ||Carsten Brinkschulte, CEO |
Angus Dent, CFO
Nicole Meissner, COO
| || ||+44 (0) 7977 256 406|
+44 (0) 7977 256 347
+44 (0) 7977 256 412
|TMX | Equicom || || ||Craig MacPhail || || ||416 815 0700, ext. 290|