Mobile Tornado Group PLC Replacement; Strategic engagement with Alvarion (1122S)
19 September 2014 - 5:13PM
UK Regulatory
TIDMMBT
RNS Number : 1122S
Mobile Tornado Group PLC
19 September 2014
Amendment: the following announcement replaces the disclosure
made earlier today (19 September 2014) under RNS Number 1075S. The
only amendment made was to remove a drafting comment erroneously
included in the prior announcement stating "Detail contract win in
Mexico as validation of this rationale. Only detail of the contract
is included in results announcement. Should be here."
19 September 2014
Mobile Tornado Group plc
("Mobile Tornado" or the "Company")
Strategic engagement with Alvarion Technologies
Mobile Tornado (AIM: MBT), the instant communications services
provider for mobile devices, announces it has signed an exclusive
strategic partnership with Alvarion Technologies ("Alvarion") to
integrate its instant communication services into Alvarion's WiFi
platform solution.
Alvarion (NASDAQ: ALVR) is a global provider of optimized
wireless broadband solutions addressing the connectivity, coverage
and capacity challenges of public and private networks. It has
designed and manufactures a range of wireless-based Point-to-Point
and Point-to-Multipoint wireless technologies that can deliver up
to three times the coverage of alternative solutions, even in
Non-Line-of-Site (NLOS) situations, to overcome the growing
challenges of connectivity and coverage requirements in a
fast-driven digital global world where data transmission
requirements are increasing exponentially.
Alvarion's "umbrella" solutions allow its customers to provide
additional value-add services and applications to their end
customers. In particular, the wireless broadband networks Alvarion
supply typically enable Government offices and agencies to be more
efficient and responsive to the needs of their citizens while
eliminating the need for expensive leased fixed line broadband.
Furthermore, such networks can be successfully leveraged to carry
voice, video and data for applications such as public safety,
transportation and educational networks whereby the same network
that carries voice calls from one municipal office to another can
equally provide video feeds to the police.
The strategic partnership between Mobile Tornado and Alvarion
therefore offers both companies significant opportunities to
address the evolution of "smart cities" and increased homeland
security laws by offering:
-- Integrated wireless broadband for instant communication
services, VOIP, video and data between municipal offices, emergency
services and schools etc.
-- Rapid and flexible deployment of video surveillance equipment
in public spaces, secure areas and schools etc
-- Remote condition monitoring of city infrastructure and
traffic control with real-time intelligent systems
-- Inexpensive deployment of Smart Meters to increase revenue assurance for the utilities
Giora Levi, CEO of Alvarion said;
"The Alvarion strategy is to deliver a full service solution to
"smart cities" across our carrier class wifi platform. We see the
Instant Communication suite of services developed by Mobile Tornado
as a critical component of this service offering, particularly
within an encrypted environment, and look forward to a mutually
successful partnership."
Jeremy Fenn, CEO of Mobile Tornado said;
"We are delighted to form this partnership deal with Alvarion.
As the telecommunications market develops, we believe WiFi will
play an ever increasing role within it, particularly in respect of
the development of "smart cities". This is an area that we have
identified as a key growth opportunity, given the Homeland Security
components of any "smart city" deployment."
Enquiries:
Mobile Tornado Group plc www.mobiletornado.com
-------------------------------------- -----------------------------
Jeremy Fenn, Chief Executive +44 (0)7734 475 888
-------------------------------------- -----------------------------
Investec Bank plc (Nominated Adviser
& Broker) +44 (0)20 7597 4000
-------------------------------------- -----------------------------
Dominic Emery / Carlton Nelson
-------------------------------------- -----------------------------
Walbrook PR Ltd +44 (0)20 7933 8780
-------------------------------------- -----------------------------
Paul Cornelius / Helen Cresswell mobiletornado@walbrookpr.com
-------------------------------------- -----------------------------
About Mobile Tornado
Mobile Tornado Group PLC (AIM: MBT) specialises in the provision
of Instant Communications services for mobile devices, with a focus
on enterprise workforce management. The Company's main applications
comprise Instant Talk, Instant Locate, Instant Alert & Instant
Message and are geared towards improving a business's productivity
and performance by enabling organisations and workers to connect
one-to-one or one-to-many at the touch of a button.
By equipping their workforce with conventional mobile handsets
and Mobile Tornado's Instant Communication services, a company can
communicate with one or many employees simultaneously, monitor
employee locations, and immediately be alerted of major issues. At
the touch of a button, they can communicate with employees more
efficiently and cost-effectively than would be possible with
traditional mobile services or other Private Mobile Radio (PMR)
solutions.
Mobile Tornado's patented Internet Protocol Radio Service
(IPRS(TM)) technology has been successfully deployed on networks
around the world. The suite of IP-based, OMA standards-compliant
services provide instantaneous, 'always-on', bandwidth-efficient
communications across a range of mobile networks and devices,
including compatibility with forthcoming LTE (Long Term Evolution)
4G mobile networks. Both technical and cost performance is superior
to many competing services and technologies, with proven success in
the current marketplace.
About Alvarion
Alvarion was set up in Israel in 2001 as a WIMAX business and
listed on NASDAQ in 2005 (NASDAQ: ALVR). It delivered revenues of
$220m in 2008 and assumed a market capitalization of $1.2 billion
in 2008. In 2011, it acquired Wavion technologies a Wifi solutions
business for $30m with bank debt. In 2013 the bank called in the
loan and Alvarion entered administration.
In September 2013, Alvarion Technologies incorporated in Israel,
acquired the assets from the receiver for $10m including all
intellectual property and branding rights. Alvarion Technologies is
currently owned by Alvarion Telecom U.K, a private U.K company held
by Peter Wilkinson (85%), Andrew Kaberry (10%) and Jorge Pinievsky
(5%).
Alvarion Technologies is committed to continue supporting its
existing customers as well as present new wireless based end to end
solution based on its technology. The Company is headquartered in
the UK with R&D facilities in Israel and Romania. It currently
employs 75 people.
For more information please see www.alvarion.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGMGMLNLRGDZG
Mobile Tornado (LSE:MBT)
Historical Stock Chart
From Apr 2024 to May 2024
Mobile Tornado (LSE:MBT)
Historical Stock Chart
From May 2023 to May 2024