Trading Statement

RNS Number : 6580L

Synchronica PLC

15 January 2009

 



15 January 2009

Synchronica plc

('Synchronica' or 'the Company')

Trading Update

Synchronica plc (AIM: SYNC), the mobile email and synchronisation specialist, is pleased to announce that business has progressed well in the second half of the year ended 31 December 2008 with strong revenue growth and new customer sign up. The Company expects that revenue for 2008 will be in line with market expectations at £3.6m, an increase of 57.5% on 2007. The Company's cash position at 31 December was comfortably above market expectations, highlighting the increased stability of the business. Synchronica expects to release audited Financial Statements for 2008 on 20 April 2009.

Aided by the successful integration of a key acquisition earlier in the year, Synchronica is now capitalising on its improved market position with a number of significant contract wins secured during Q4 2008. These contracts have been won in particular in the fast growing emerging markets of India, Latin America and Eastern Europe. Demand for the Company's Mobile Gateway product remains strong, resulting in a positive start to 2009.

Carsten Brinkschulte, CEO of Synchronica plc, said: "We are pleased that, once again, we have delivered revenues in line with market expectations, reflecting the global demand for our products. Synchronica is now well positioned to provide mobile email to the rapidly increasing number of mobile users in emerging markets around the world, and this has been reflected in a considerable rise in business. As a result, we begin 2009 with a strong sales pipeline, which gives us confidence that we will continue to deliver high levels of growth in the year to come."

Enquiries:

Synchronica plc	Carsten Brinkschulte, CEO, Angus Dent, CFO,  Nicole Meissner, CMO,	[phone] [phone] [phone]
ICIS	Tom Moriarty Christian Taylor-Wilkinson Caroline Evans-Jones	[phone]
FinnCap	Charles Cunningham, Geoff Nash	[phone]

About Synchronica

Synchronica plc develops and markets mobile email and synchronization solutions for mobile operators and device manufacturers. Products include the award-winning push email and synchronization solution Mobile Gateway, and the device backup solution Mobile Backup. Based on industry-standards, Synchronica can reach the built-in email and synchronization clients of more than 1.5 billion mobile devices on the market today. Service providers in emerging and developed markets use Synchronica products to offer mobile email, PIM synchronization, and backup and restore services to consumer and business subscribers. 

Future versions of Synchronica Mobile Gateway will enhance the product to a comprehensive multi-protocol mobile email solution introducing Email-to-SMS and Email-to-MMS as well as WAP and xHTML Gateways. Document transcoding will add the ability to display a large variety of attachments, such as Word, Excel, and Powerpoint on standard feature phones. 

Headquartered in England, Synchronica has a development centre in Germany and presences in the USA, Hong Kong, and Dubai. More information is available at www.synchronica.com

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