REDKNEE SECURES NEW CUSTOMER
20 January 2009 - 6:00PM
UK Regulatory
TIDMRKN
RNS Number : 9073L
Redknee Solutions Inc.
20 January 2009
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For Immediate Release?
20 January 2009
Redknee Solutions Inc.
("Redknee" or "the Company")
Redknee Secures New Customer - Powers Personalized Services for North American
Tier-One Communications Service Provider
Multi-million dollar Contract will ENABLE subscribers to personalize their
wireless experience
TORONTO - January 20, 2009 - Redknee (TSX/AIM: RKN), a leading provider of
mission-critical software and solutions for communications service providers,
today announced that a North American tier-one communications service provider
has awarded Redknee a multi-million dollar contract for a solution that will
enable its wireless subscribers to gain greater control over their mobile
experience by being able to set individual user limits and preferences for
voice, text, and data services. The company anticipates that the bulk of the
revenue from this contract will be recognized during fiscal 2009.
By allowing wireless subscribers to personalize individual settings within
their family or corporate accounts, subscribers can control costs, better manage
time, and help keep adult and other inappropriate content off of the handset.
Families can help ensure a safer wireless experience with better control over
monthly bills, while corporate users can reduce costs and protect accounts from
misuse or abuse.
This solution is part of Redknee's new Next Generation Rating and Charging
portfolio, which allows network operators to effectively differentiate
themselves from their competitors, while boosting consumer loyalty and customer
satisfaction.
Lucas Skoczkowski, CEO of Redknee, commented:
"We are delighted to have secured this contract to provide a leading U.S.
operator with a solution from our Next Generation Rating & Charging
portfolio.Redknee, with its real-time capabilities, continues to gain market
share in the growing wireless segment. Additionally, we are also focused on
addressing the needs of fixed, broadband, and satellite operators - further
increasing our addressable market opportunities. Redknee's strategy is to
leverage the strength of our solutions to pursue the high growth markets of
Africa, the Middle East and Asia Pacific, while addressing growth segments of
Tier-1 operators in Europe and North America."
For more information about Redknee, visit www.redknee.com.
About Redknee:
Redknee is a leading global provider of innovative communication software
products, solutions and services. Redknee's award-winning solutions enable
operators to monetize the lifetime value of each subscriber transaction while
personalizing the subscriber experience to meet mainstream, niche and individual
market segment requirements. Redknee's revenue generating solutions provide
advanced converged billing, rating, charging and policy for voice, messaging and
new generation data services to over 70 network operators in over 50 countries.
Established in 1999, Redknee Solutions Inc. (TSX/AIM: RKN) is the parent of the
wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries.
References to Redknee refer to the combined operations of those entities. For
more information, visit http://www.redknee.com/
Caution Regarding Forward-Looking Information:
This release contains forward-looking information within the meaning of
applicable securities laws ("forward-looking statements") that relate to
Redknee's preliminary unaudited estimate of revenue expected to be recognized in
fiscal 2009 from a purchase order. Such forward-looking statements are not
promises or guarantees and involve known and unknown risks, uncertainties and
other factors and assumptions that may cause the actual results, performance or
achievements of Redknee, or developments in Redknee's business or industry, to
differ materially from the anticipated results, performance or achievements or
developments expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: technological change and changes in the
industry in which Redknee competes; changing global economic conditions and
uncertainties; the impact of foreign currency exchange rates; credit and
collection risk; departure of key personnel; departures of key customers; and
other risks detailed from time to time in the Company's filings with the Ontario
Securities Commission including Redknee's Annual Information Form dated for the
fiscal year ended September 30, 2007. Readers are cautioned not to place undue
reliance upon any such forward-looking statements, which speak only as of the
date made. Forward-looking statements are provided for the purpose of providing
information about management's current expectations and plans relating to the
future. Readers are cautioned that such information may not be appropriate for
other purposes. Redknee does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change in events,
conditions or circumstances on which any such statement is based, except as
required by law.
For additional information please contact:
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| Media Relations Contact: | Financial Public Relations : |
| US: Simon Marshall | Jeremy Garcia |
| Mi liberty | Buchanan Communications |
| +1 770 919 7366 | +44 (0) 20 7 466 5000 |
| smarshall@miliberty.com | jeremyg@buchanan.uk.com |
| EMEA: Ashleigh Young | Redknee Solutions: |
| Mi liberty | Colley Clarke, Chief Financial |
| +44 20 7751 4444 | Officer |
| ayoung@miliberty.com | +1 905 625 2604 |
| Mark Yaphe, Vice President, Product | colley.clarke@redknee.com |
| Management & Marketing | |
| +1 905 625 2298 | |
| mark.yaphe@redknee.com | |
| Nomad: | |
| Canaccord Adams Limited | |
| Ryan Gaffney/Andrew Chubb | |
| +44 (0) 207 050 6500 | |
| | |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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