17th Jan 2008 07:01
Synchronica PLC17 January 2008 17 January 2008 Synchronica plc ("Synchronica" or "the Company") Trading Update Synchronica plc (AIM: SYNC.LN), the mobile synchronisation and device managementcompany, is pleased to announce that trading for the year ended December, 2007was in line with market expectations. The Company will, subject to audit, report revenue of £2.1m for the year endedDecember 2007, double that for 2006, and a much reduced loss before tax of £3mfor 2007, down from a loss before tax of £5.7m in 2006. Following the placingcompleted on 15th January the Directors believe that the Company has sufficientcash to meet its present needs. Commenting on progress in 2007, CEO Carsten Brinkschulte said: "We are pleasedto have met market expectations for 2007 and delighted with the Company's strongprogress in the second half of the year, in particular our licensing agreementwith Sun Microsystems. Synchronica with its mobile synchronization, push e-mailand backup and restore solutions has a suite of products that can capitalize onthe compelling opportunity to make mobile phones - especially in boomingemerging markets - the primary means of accessing the Internet. "We enter 2008 with strong momentum and a healthy and growing sales pipeline.As a result we look forward to building on our achievements and fulfillingmarket expectations for 2008 with confidence and optimism." Enquiries: Synchronica plc Carsten Brinkschulte, CEO, +44 (0) 7977256 406 Angus Dent, CFO, +44 (0) 7977256 347 Nicole Meissner, CMO +44 (0) 7977256 412 Corfin Communications Neil Thapar, William Cullum +44 (0)20 7977 0020 Seymour Pierce David Newton +44 (0)20 7107 8000 About Synchronica Synchronica plc develops and markets industry standard synchronisation anddevice management solutions for mobile operators, device manufacturers, andenterprises. Its product portfolio ranges from data synchronization (DS) todevice management (DM) and firmware update over the air (FOTA). Products includethe mobile device management suite Mobile Manager and the Push Email andsynchronization solution Mobile Gateway. Headquartered in the UK with adevelopment centre in Germany and a presence in Hong Kong and Dubai Synchronicaplc is a public company traded on the AIM list of the London Stock Exchange(SYNC.LN). More information is available at www.synchronica.com.About Synchronica Mobile Gateway Synchronica's Mobile Gateway is a carrier-grade middleware solution providingpush e-mail and synchronisation services. Based on the open industry standardsSyncML and IMAP, Mobile Gateway is compatible with a wide range of mobiledevices from leading device manufacturers, such as Nokia, Sony Ericsson,Motorola, and Apple, without requiring additional client software to beinstalled on the device or behind the firewall. Today more than 400 devicemodels and 1.5 billion devices support the industry standard. Synchronica offers Mobile Gateway to operators, device manufacturers, andenterprises, enabling their mobile users to send and receive email from consumermailboxes (AOL, Gmail, and others), as well as to synchronise their calendar andcontact data with business systems like Microsoft Exchange, Lotus Domino, andSun Java Communications Suite. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Syncona