8th May 2024 14:35
(Alliance News) - Mobile Tornado Group PLC on Wednesday saw its shares rise, after clinching a deal via its regional partner to supply technologies for an unnamed "prominent" mobile network operator in the Middle East and Africa.
Mobile Tornado is a Harrogate, England-based critical communications services provider. Its shares jumped to a 12-month high in London on Wednesday afternoon, multiplying to 2.85 pence each.
Though neither the name of the operator, or any financial details were disclosed, the firm said that features of the solutions it will be providing include voice and video calls to "anywhere in the world at the push of a button"; lone worker support including real-time location tracking, emergency SOS alerts; and "significantly lower" data usage than comparative solutions of around 300 megabytes per month.
"We identified the Middle East as a crucial region for business development, and this new contract through our local partner provides us with a platform for expansion across multiple territories...This contract, in a key target market, is a testament to the changes we made early last year and the board looks forward to increasing sales momentum as 2024 develops," said Executive Chair Jeremy Fenn.
By Holly Beveridge, Alliance News reporter
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