First Contract in India

RNS Number : 8919E

Synchronica PLC

02 October 2008

 



2 October 2008

Synchronica plc

('Synchronica' or 'the Company')

Synchronica signs license agreement targeting major mobile operator in India

Synchronica plc (AIM: SYNC), the mobile e-mail and synchronisation specialist, is pleased to announce that it has signed a license agreement for Mobile Gateway with an Indian reseller who has contracted with a major mobile operator to provide a mass-market mobile email solution by the end of the year. The operator is one of the top 10 operators worldwide with more than 50 million subscribers in India, the second largest mobile market in the world. This is Synchronica's first contract win in India.

Under the terms of the agreement, the Indian systems integrator will initially purchase a 50,000 user license for Synchronica Mobile Gateway at a list price of $2.43 per user. Phase two is scheduled for the end of this year and will include an expansion order for an additional 250,000 licenses. A third phase scheduled for 2009 will be for a further 500,000 licenses.

Synchronica will also provide professional services for customisation and integration based on a daily person-rate of US$ 1,000. Support service based on 18% of the annual license fees for phase one, and 12% for phase two, where the reseller will handle second level support.

The Indian mobile market represents a large opportunity for Synchronica's products providing mass-market mobile email services for inexpensive mobile devices. Recent research from Informa reports that the Indian mobile market has expanded by over 50 million new mobile subscriptions in the last six months alone. India is now the second largest mobile market in the world, with a total of 225.6 million mobile subscribers at the end of August 2008. The Indian government has a set target of 500 million telephone users by 2010.

Carsten Brinkschulte, CEO of Synchronica plc, said: "This agreement represents an important step in the growth of Synchronica as it again demonstrates our ability to succeed in emerging markets, where the growth in mobile subscribers is at its highest and our product has a unique appeal. It highlights the strength of our mobile email solution and the benefit it can bring to operators who are looking to differentiate their mobile offering in a highly competitive market, generating additional revenues and protecting their subscriber base."

Enquiries:

Synchronica plc	Carsten Brinkschulte, CEO, Angus Dent, CFO,  Nicole Meissner, CMO,	[phone] [phone] [phone]
ICIS Ltd	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 synchronisation solutions for mobile operators and device manufacturers. Products include the award-winning push email and synchronisation solution Mobile Gateway, and the device backup solution Mobile Backup. Based on industry-standards, Synchronica can reach the built-in email and synchronisation 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 synchronisation, and backup and restore services to consumer and business subscribers. 

Synchronica recently announced the acquisition of the operating subsidiary of AxisMobile and aims to become the leading player in mass market mobile email and synchronisation middleware. The enhanced Synchronica Mobile Gateway will offer the most comprehensive multi-protocol mobile email solution in the market today 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 center in Germany and presences in the USA, Hong Kong, and Dubai. More information is available at www.synchronica.com

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