$1.28m deal with Device Manuf

RNS Number : 3869O

Synchronica PLC

29 June 2010

 



Synchronica plc

('Synchronica' or 'the Company')

US$ 1.28m deal with emerging markets Device Manufacturer

Synchronica plc, the AIM listed mobile email, instant messaging and data synchronisation provider, announces that it has signed an agreement with an emerging markets focused Device Manufacturer to bundle Synchronica's award winning Mobile Gateway with its handsets in a deal generating $1.28 million of revenue to Synchronica in H1 2010.

The Device Manufacturer has committed to bundling Mobile Gateway with guaranteed minimum volume commitments over a period of 18 months. Synchronica will receive a number of milestone payments during this 18 month period with the first payment expected before the end of the year.

The Device Manufacturer, which focuses particularly on the emerging markets in countries of the former Soviet Republic and Asia, will offer Mobile Gateway bundled phones under its own brand. This announcement emphasises the company strategy to market Mobile Gateway to manufacturers of mobile handsets as well as the mobile operators themselves.

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, "The Commonwealth of Independent States (CIS) is a key growth market for mobile data services where the number of mobile phone subscribers has now easily surpassed the population, yet fixed and mobile broadband penetration is still considerably lower than the world average. This deal will strengthen our position in the CIS where our products are already well established with three mobile operators in live operation. By working with Device Manufacturers, we can further accelerate the roll out of Mobile Gateway across emerging markets where there is increasing demand for mobile internet access, but financial constraints have so far prevented mass-market adoption."

Enquiries:

Synchronica plc www.synchronica.com	Carsten Brinkschulte, CEO Angus Dent, CFO, Nicole Meissner, COO,	[phone] [phone] [phone]
FinnCap	Clive Carver , Nomad	[phone]
	Charlotte Stranner, Corporate Finance	[phone]
	Stephen Norcross, Corporate Broker	[phone]
Walbrook PR Ltd	Ben Knowles	[phone] [phone] [e-mail]

About Synchronica

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.

 

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