Fifth Contract win in Latin A

RNS Number : 7407L

Synchronica PLC

12 May 2010

 



12 May 2010

Synchronica plc

('Synchronica' or 'the Company')

Fifth contract win in Latin America

Synchronica plc, the AIM listed mobile email, instant messaging and data synchronisation provider, announces that it has received a purchase order for a mobile operator ("the Operator") in Argentina for its award winning product, Mobile Gateway. The purchase order has been secured through Synchronica's distributor Brightstar Corp. and is the fifth mobile operator win in Latin America and the sixth contract announced by the Company in 2010.

Under the contract, the Operator will pay a service fee of up to US$0.36 per registered user per month. Synchronica will also provide professional services for customization, deployment and training of Synchronica products which will be charged on a time and material basis.

The operator will use Synchronica's Mobile Gateway technology to offer a push email and synchronisation service to its more than 13m subscribers, and is scheduled to launch the service in May 2010 with a trial period free of charge to the end user to promote the service. Synchronica's industry-standard technology requires no additional software 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.

This contract is the third win through Synchronica's strategic distribution partner, Brightstar Corp., a global leader in customised distribution and integrated supply chain solutions for the wireless industry.

According to research compiled by the IE Market Research Corporation ("IEMR") on Argentina, subscriber growth over 2008 was 13.1% ahead of the industry average.  IEMR forecast total wireless subscribers will increase from 43.6m in 2008 to 48.8m in 2013.

Carsten Brinkschulte, CEO of Synchronica, said, "Our fifth contract win in this region clearly demonstrates the attractiveness of Synchronica's Mobile Gateway product in offering mass-market data services on the entire mobile phone device range, from high-end to low-end mobile phones.  Mobile phone penetration in Argentina is already the highest in the region, however by introducing data services to the mass market, the operator can use Mobile Gateway to help increase ARPU and tackle the level of churn present in emerging markets.

"We are very pleased with this new contract as we feel there is good potential for demand from the Operator and we are looking forward to building a growing recurring revenue stream from this contract for Synchronica."

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	Paul McManus	[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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