ROYAL TUNBRIDGE WELLS, United Kingdom, Dec. 1 /CNW/ - Synchronica plc ("Synchronica") (AIM: SYNC) (TSX Venture: SYN), the international provider of next-generation mobile messaging services, has received a US$975,000 volume expansion order for additional Mobile Gateway licences from a tier-one, pan-African mobile operator group ("the Operator"). This expansion order is in addition to the initial order for a pilot installation and associated professional services, worth US$752,000, under the group-wide framework agreement announced on 15 October 2010. This new order is the first expansion order received from the Operator and brings the total deal value to date to US$1,727,000.
According to a recent report from the United Nations, African mobile subscriptions continue to soar, rising from 54 million to almost 350 million between 2003 and 2008, the quickest growth in the world. Furthermore, PC World forecast mobile data to generate US$2.2 billion in revenue in Africa by 2014, driven by mobile e-mail and other value-added services. Mobile data and broadband technologies are increasingly being used by operators as a substitute for poor or non-existent fixed-line infrastructure in the region.
Carsten Brinkschulte, CEO of Synchronica, comments: "We are pleased to see this significant expansion order from one of the largest operator groups in Africa, demonstrating commitment to a mass-market rollout of their Synchronica-based mobile messaging solution in Africa. Across the continent, mobile phones are becoming an invaluable social tool that bring people together, seal business deals, and keep families in touch. Mobile Gateway's push email, synchronization, social networking and mobile Instant Messaging are already helping carriers in Africa to improve customer stickiness and reduce churn."
Synchronica plc is a leading developer of next-generation mobile messaging solutions. Mobile Gateway, Synchronica's flagship product, provides push email, synchronization, instant messaging (IM), and social networking services to any mobile phone currently in use. Synchronica's patented transcoding engine uses advanced streaming to download email attachments and can dramatically reduce the consumption of network bandwidth by as much as 90 percent.
Mobile operators and device manufacturers from emerging and developed markets rely on Synchronica's white-labelled product for providing mass market messaging services across the entire customer base, diversifying revenues and reducing churn.
Headquartered in England, Synchronica also maintains a development centre in Germany and the Philippines in addition to a regional presence in Canada, the USA, Hong Kong, Spain, and Dubai. Synchronica plc is a public company traded on the AIM list of the London Stock Exchange (SYNC) and the Venture Exchange of the Toronto Stock Exchange Venture (SYN). 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.
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