Synchronica Receives Expansion Order from Middle Eastern Mobile Operator
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Royal Tunbridge Wells, January 17, 2011. - Synchronica plc (AIM: SYNC, TSX-V: SYN), the international provider of next-generation mobile messaging services, has received a USD 107,000 expansion order for additional Mobile Gateway user licenses from the Middle Eastern subsidiary of a tier one multinational mobile operator group. The operator has also renewed the 24/7 support contract with Synchronica for a further twelve months.
Using Mobile Gateway to launch a mass market push email service in early 2010, the operator charges a monthly subscription of USD 0.25 for unlimited access to the service. This expansion order allows the operator to accommodate a greater quantity of subscribers onto the service.
Highest Online Growth Rate Worldwide
At around 13 percent by 2014, Forrester Research expects the Middle East and Africa region to record the highest rate of online growth worldwide. Cisco supports Forrester's forecast which predicts the region will have a compound annual growth rate of 133 percent in mobile data traffic.
Carsten Brinkschulte, CEO of Synchronica, says: "We're pleased to receive this expansion order as it validates the success of the operator's push email service and shows the mass market appeal of Mobile Gateway."
"Synchronica continues to focus on engaging with mobile operators in emerging markets as they increasingly search for ways to position themselves as the preferred route to the internet. Mobile Gateway is a key component to turn their vision into reality, enabling subscribers to connect to their favorite internet communities, regardless of the type of mobile phone they own", 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
