26th Jun 2006 07:02
Adamind Ltd26 June 2006 ADAMIND WINS MAJOR DEAL WITH ONE OF EUROPE'S LARGEST MOBILE NETWORK OPERATORS Adamind's media adaptation platform will enable one of Europe's top five networks to upgrade its multimedia services for tens of millions of subscribers Palo Alto, California. 26 June, 2006: Adamind Ltd. (LSE: ADA) ("Adamind" or the"Company"), a global supplier of software that enables mobile multimedia contentand converged communications services to be experienced on any handset ornetwork, announces that it has won a major contract with from one of Europe'stop five mobile networks. Adamind will receive an upfront license fee as well asrevenues from capacity upgrades due to increases in rich media content traffic. The deal is typical of second generation tenders where existing carrier infrastructures are being replaced or updated in order to accommodate larger scale rich media content deployments. Under the terms of the contract, the Company's media adaptation platform, MediaSpire(TM), will be deployed in one of Europe's largest countries to upgrade theoperator's existing multi media messaging services to include video based applications and greater capacity to handle an expected increase in demand from subscribers. Adamind expects to recognise revenues of approximately $1m over a 24 month period. Adamind's software will be integrated with the mobile network infrastructure from one of the world's largest telecom equipment vendors at the heart of the operator's network. Based on Open Mobile Association (OMA) standards, MediaSpire(TM) is intended to support a significant increase in demand for video-based services to be launched by the operator later this year. These services include person to person applications (e.g. family video clips) and application to person (e.g. news clips and video downloads produced by content owners) applications. Shailendra Jain, CEO of Adamind said: "We are gaining traction in the European market and this win reflects the growing demand for Adamind's software from theworld's top network operators. This is one of several deals we expect to closein Europe with this particular telecom infrastructure vendor over the coming months." Adamind addresses the interoperability challenge that exists between differentmobile devices to receive and process media rich content. To achieve the bestpossible experience, content needs to be transcoded - adapted and released indevice-specific versions that comply with the requirements of each cell phonemodel according to its capabilities and the network attributes. The winrepresents a major milestone for Adamind in terms of gaining traction in theEuropean market. Enquiries Adamind +44 20 7929 8989 on the day and thereafterShailendra Jain, CEO +1 650 646 2368 Corfin CommunicationsHarry Chathli, Neil Thapar +44 20 7929 8989 About Adamind Adamind (LSE: ADA) is a provider of software that enables mobile multimediacontent and converged communications services. The company addresses theinteroperability challenge that exists between different mobile devices toreceive and process media rich content. The Adamind Spire(TM) platform providesmedia adaptation and enhancement software enabling service operators tosuccessfully deploy messaging, content and next generation convergence services;generate new revenue streams; and drive key new value-added-services (VAS)enablers such as advertising, branding, DRM and anti-abuse support. With over100 deployments in some of the world's major mobile operator networks andcontent providers such as Universal Mobile Music, Adamind is strategicallypoised to enable the promise of the Mobile Lifestyle revolution. Adamind hasstrategic relationships with major infrastructure vendors and system integratorsincluding Ericsson, HP, IBM, Accenture, LogicaCMG, Motorola, Openwave, CriticalPath and CBOSS. www.adamind.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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