Expansion Order
December 09 2011 - 2:00AM
RNS Non-Regulatory
TIDMSYNC
Synchronica PLC
09 December 2011
Synchronica plc
Synchronica Wins Expansion Order from Tier-1 Handset
Manufacturer
Synchronica plc ("Synchronica" or "the Company") (AIM: SYNC)
(TSX Venture: SYN), the international provider of next-generation
mobile messaging services announces that it has received an
expansion order for professional services, from an existing Tier-1
mobile device manufacturer customer.
The order, which is valued at US$ 580,000, enables Synchronica
to provide the customer with continued support and product
development throughout 2012.
All revenue associated with the order will be recognised during
the 2012 financial year; however under the terms of the order, the
customer is required to make an immediate payment of 50 percent of
the order's total value. The remaining 50 percent will in turn be
payable to Synchronica later in 2012.
"This expansion order demonstrates that Synchronica's solutions
continue to be viewed as a key differentiator in the highly
competitive handset market," says Simon Taylor, Synchronica's EVP
for International Sales and Business Development. "With Portio
Research projecting global revenues from mobile email to exceed US$
82 billion by 2016, and mobile Instant Messaging generating an
estimated US$ 31 billion at the same time, mobile messaging is a
service that is increasingly becoming an absolute 'must-have' on
all grades of handsets."
Angus Dent, Synchronica's Chief Executive Officer, added: "This
is our first recurring-revenue order for 2012, and the fact that
it's an expansion deal from a worldwide 'top-5' device manufacturer
truly sets Synchronica off to a great start. We look forward to
further enhancing our recurring revenue profile throughout the new
year."
For investor relations enquiries, please contact:
Walbrook PR Ltd Investor Enquiries, Paul Cornelius
+44 (0) 20 7933 8780 UK paul.cornelius@walbrookir.com
TMX Equicom Investor Enquires, Craig MacPhail
+1 416 815 0700 Ext North America cmacphail@equicomgroup.com
290
For corporate information, please contact:
Synchronica plc Chief Executive Officer Angus Dent
+44 (0) 1892 552 720
Northland Capital Partners Nominated Advisor Shane Gallwey;
+44 (0) 207 796 8800 Rod Venables
Corporate Broker Katie Shelton
Walbrook PR Ltd Media and Analyst Paul McManus
+44 (0) 20 7933 8780 Enquiries, UK paul.mcmanus@walbrookpr.com
TMX Equicom Media and Analyst Craig MacPhail
+1 416 815 0700 Ext Enquiries, North cmacphail@equicomgroup.com
290 America
About Synchronica
Synchronica plc is a leading developer of standards-based,
next-generation mobile messaging solutions for mobile operators and
device manufacturers. The Company's flagship product - Synchronica
Mobile Gateway - provides pre-RCS push email, synchronisation,
instant messaging (IM), and social networking services to any
mobile phone currently in use. Synchronica's patented transcoding
technology uses advanced streaming to download email attachments
and dramatically reduces the consumption of wholesale network
bandwidth by as much as 90 percent.
Synchronica's white-labelled products are licensed by more than
90 mobile operators and eight device manufacturers from emerging
and developed markets, delivering mass market messaging services
across the entire customer base, providing competitive advantage,
diversifying revenues, and reducing churn.
Synchronica is headquartered in the United Kingdom and has a
regional presence in Canada, as well as the USA, Hong Kong, Spain,
and Dubai. Synchronica also operates dedicated development centres
in Germany and the Philippines. A public company, Synchronica is
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
Cautionary Statements
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
The foregoing information may contain forward-looking statements
relating to the future performance of Synchronica. Forward-looking
statements, specifically those concerning future performance, are
subject to certain risks and uncertainties, and actual results may
differ materially from Synchronica's plans and expectations. These
plans, expectations, risks and uncertainties are detailed herein
and from time to time in the filings made by Synchronica with the
TSX Venture Exchange and securities regulators. Synchronica does
not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events
or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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