27th Apr 2007 12:16
Synchronica PLC27 April 2007 Synchronica PLC (the "Company" or "Synchronica") Update on OEM Agreement Further to its announcement of 14 March 2007, Synchronica the mobile e-mail andwireless device management software group, provides an update on the proposedOEM agreement to supply Synchronica Mobile Gateway to a major internationalhardware vendor. Discussions have reached an advanced stage with agreement on many parts of theproposed transaction and legal documentation has been drafted. However, thefinal terms of the deal are still being negotiated with a view to achieving theCompany's targeted rate of returns in the best interest of shareholders. The Directors continue to discuss the deal with the licensee on a daily basisbut negotiations are likely to run on beyond April 2007. However, the Boardremains confident that all of the outstanding matters relating to the contractwill get resolved. A further announcement will be made as soon as possible. Enquiries: Synchronica plcCarsten Brinkschulte, CEO +44 (0) 1892 552 799Angus Dent, CFO +44 (0) 1892 552 760Corfin CommunicationsBen Hunt, Harry Chathli +44 (0) 20 7929 8989 Seymour Pierce LimitedDavid Newton, Director Corporate +44 (0) 20 7107 8000Finance This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Syncona