Expansion Order from Pan-Afri

RNS Number : 1063X

Synchronica PLC

01 December 2010

 



Synchronica plc

("Synchronica" or "the Company")

Large Expansion Order from Pan-African Operator Group

Synchronica plc, the international provider of next-generation mobile messaging services, has received a US$ 975,000 volume expansion order for additional Mobile Gateway licenses 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 54m to almost 350m 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."

Enquiries:

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	Paul McManus (media enquiries)	[phone] [e-mail]
	Paul Cornelius (investor enquiries)	[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 Venture (SYN). For further information, please visit www.synchronica.com

 

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