19th Dec 2005 07:01
Adamind Ltd19 December 2005 Adamind Ltd Adamind signs four new deals with network operatorsContracts to generate additional ongoing fees as total deployments approach 100 19 December 2005: Adamind Ltd ("Adamind" or "the Company"), the leading globalsupplier of media adaptation software for mobile messaging (MMS), content andconvergence services market, has in the last four months signed four importantcontracts in partnership with one of its European-based strategic partners. The contracts, which were signed with operators in Latin America, South EastAsia and the Asia Pacific regions, will initially generate revenues with furtherlicense upgrades and recurring fees expected to generate additional revenues onan ongoing basis. The Company's revenue model is directly tied to the volume ofMMS and other content traffic running through mobile networks. These deals bring the total number of Adamind-enabled networks worldwide toapproaching 100, compared with approximately 80 at the beginning of 2005. The contracts include one new deal with a mobile network operator that haslicensed Adamind's media adaptation software for the first time. The other threecontracts announced today involve license upgrades purchased by existing mobiletelecoms operators that have already embedded Adamind's software platform,MediaSpire, in their network infrastructure. In total, the four operators have acombined subscriber base of approximately 31 million. The three license upgrades reflect the growing popularity of MMS and new richcontent services such as video and music downloads. As a result, Adamind isseeing operators upgrade their network capacity to keep up with traffic volumesand to introduce new services. The Company's MediaSpire software enables networkoperators and content owners to adapt multimedia messages and other mobilecontent so that it can be experienced by subscribers across any mobile device ornetwork. Shailendra Jain, CEO of Adamind, said: "Adamind is continuing to make greatstrides to establish its software as a de-facto industry standard. In the pastfour months we have signed four deals across three continents with this channel,which demonstrate the increasing mobile data traffic and associated annuityincome to Adamind from these customer accounts." Enquiries AdamindShailendra Jain, CEO +1 408 468 3961 Corfin CommunicationsNeil Thapar, Harry Chathli +44 20 7929 8989 NOTE TO EDITORSAbout Adamind Adamind (LSE: ADA) is a leading global supplier of media adaptation software inthe Mobile Messaging (MMS), Content and Convergence Services markets. Adamind'sMediaSpire(TM)enables delivery of images, text, ringtones, audio and video toand between a variety of mobile devices, domains and networks, driving trafficgrowth and creating the ultimate rich media consumer experience. With headquarters in the US, an R&D Centre in Israel, a global sales force andstrategic channel partnerships with some of the top MMSC vendors and top-tiersystem integrators - all major Blue Chip companies such as Ericsson, Motorola,HP, Openwave, LogicaCMG, Critical Path and CBOSS - Adamind is positioned todeliver superior quality products, services and support to its 90+ tier-1 andtier-2 operator customer deployments across the globe. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Adams