Large Expansion Order from Pan-African Operator Group
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Royal Tunbridge Wells, December 1, 2010. - Synchronica plc (AIM: SYNC, TSX-V: SYN), the international provider of next-generation mobile messaging services, has received a USD 975,000 volume expansion order for additional Mobile Gateway licenses from a tier one, pan-African mobile operator group.
This expansion order is in addition to the initial order for a pilot installation and associated professional services worth USD 752,000 under the groupwide framework agreement announced on 15 October 2010. This new order is the first expansion order received from this operator and brings the total deal value to date to USD 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 forecasts mobile data to generate USD 2.2 billion in revenue in Africa by 2014, driven by mobile email 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", Brinkschulte adds.
About Synchronica
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 center 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 (SYN). For further information, please visit www.synchronica.com
For more information, please contact:
Nicole Meissner
Chief Operating Officer
Tel.: +44 1892 5527 80
Mobile: +44 7977 2564 12
Fax: +44 1892 5527 21
nicole.meissner@synchronica.com
Contact Walbrook PR
Paul Cornelius
Investor Enquiries
Tel.: +44 2079 3387 80
paul.cornelius@walbrookir.com
