Contract Win with Indian Hand

RNS Number : 9127Y

Synchronica PLC

05 January 2011

 



Synchronica plc

('Synchronica' or 'the Company')

Synchronica Inks Deal with 'Top 10' Indian Handset Manufacturer

Highlights:

·     Substantial contract win will see the handset manufacturer bundling Mobile Gateway 5 with its MediaTek-based handsets to offer Indian consumers a BlackBerry-like solution.

·     Deal underlines Synchronica's strategy of targeting device manufacturers as well as mobile operators with its advanced mobile messaging software.

·     Initial deal value for software licences in excess of US$1 million, plus at least US$250,000 of service fees during the first year.

·     Synchronica already has live installations with two of the largest mobile operators in India (via the iseemedia acquisition - October 2010).

Royal Tunbridge Wells, UK: January 5, 2011. - Synchronica plc, the international provider of next-generation mobile messaging services, has further boosted its position in the high-growth Indian mobile market through a contract win with a "Top Ten" Indian device manufacturer. The device manufacturer will bundle the white-labelled Synchronica Mobile Gateway with a number of handsets, enabling consumers in India to experience an affordable BlackBerry-like service on a range of devices.

The substantial deal will provide Synchronica with a monthly per user hosting fee, in addition to licence fees and a 12-month support and maintenance contract. Mobile Gateway will enable the device manufacturer to provide users with mobile email, calendar/contacts synchronization and instant messaging as well as connectivity to social networking sites and RSS feeds.

Synchronica already has a strong foothold in India; the company signed a reseller contract back in March 2010 with another Indian device manufacturer and also has live installations with two of India's largest mobile operators as a result of the iseemedia acquisition last October.

India represents a major target market for Synchronica. India's mobile subscriber base grew by 16.3 million connections during May 2010 to take the total number of subscribers to 617.5 million, according to statistics from the Telecom Regulatory Authority of India (TRAI). This equates to a mobile teledensity of just 52.3 percent, meaning that the market will remain a high-growth one for the considerable future. According to Informa, the value of the cellular non-voice market in India will exceed US$13.8 billion by 2014, with messaging services contributing approximately 30 percent of this total.

Carsten Brinkschulte, CEO of Synchronica, said: "The Indian mobile market is a fascinating one: mobile teledensity is still only just over 50 per cent, mobile penetration is continuing to grow extremely fast, prepaid dominates and competition among device manufacturers and mobile operators is intense. As a result, device manufacturers and mobile operators in India are turning to value-added suppliers such as us to differentiate themselves from their competitors. We are pleased to see our strategy to enable messaging for mass-market device manufacturers unfold, in particular using the MediaTek platform. As one of the few companies to provide advanced messaging software that works on any handset, Synchronica is well placed to continue to win contracts in this region."

For more information, please contact:

Synchronica plc www.synchronica.com	Carsten Brinkschulte, CEO Angus Dent, CFO Nicole Meissner, COO	[phone] [phone] [phone]
finnCap	Clive Carver , Nomad Charlotte Stranner, Corporate Finance Stephen Norcross, Corporate Broker	[phone] [phone] [phone]
Walbrook PR Ltd		0207 933 8780
	Paul Cornelius	[e-mail]
	Helen Westaway	[e-mail]

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 

 

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