Adamind signs four new deals with network operators
Contracts to generate additional ongoing fees as total deployments approach 100
Ra'anana, Israel, December 19 2005: Emblaze Ltd ('Emblaze or 'the Group')
(LSE: BLZ) announces that its Group company, Adamind Ltd ('Adamind' or
'the Company') (LSE: ADA), the leading global supplier of media adaptation
software for mobile messaging (MMS), content and convergence services market,
has in the last four months signed four important contracts in partnership with
one of its European-based strategic partners.
The contracts, which were signed with operators in Latin America, South East
Asia and the Asia Pacific regions, will initially generate revenues with further
license upgrades and recurring fees expected to generate additional revenues on
an ongoing basis. The Company's revenue model is directly tied to the volume of
MMS and other content traffic running through mobile networks.
These deals bring the total number of Adamind-enabled networks worldwide to
approaching 100, compared with approximately 80 at the beginning of 2005.
The contracts include one new deal with a mobile network operator that has
licensed Adamind's media adaptation software for the first time. The other three
contracts announced today involve license upgrades purchased by existing mobile
telecoms operators that have already embedded Adamind's software platform,
MediaSpire, in their network infrastructure. In total, the four operators have a
combined subscriber base of approximately 31 million.
The three license upgrades reflect the growing popularity of MMS and new rich
content services such as video and music downloads. As a result, Adamind is
seeing operators upgrade their network capacity to keep up with traffic volumes
and to introduce new services. The Company's MediaSpire software enables network
operators and content owners to adapt multimedia messages and other mobile
content so that it can be experienced by subscribers across any mobile device or
network.
Shailendra Jain, CEO of Adamind, said: 'Adamind is continuing to make great
strides to establish its software as a de-facto industry standard. In the past
four months we have signed four deals across three continents with this channel,
which demonstrate the increasing mobile data traffic and associated annuity
income to Adamind from these customer accounts.'
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