1.5 mill!!! & they expect more throughout the year 18 January 2012
Synchronica plc
("Synchronica" or "the Company")
US$1.5m Contract Win from Chinese Handset Manufacturer
Royal Tunbridge Wells:Synchronica plc (AIM: SYNC) (TSX Venture: SYN), the international provider of next-generation mobile messaging services, has secured an agreement with a handset manufacturer, based in China, to bundle Synchronica's Mobile Gateway onto its portfolio of low and ultra-low-cost MediaTek powered handsets.
The order is valued at US$1.5 million, net of taxes and levies, and covers initial professional services in addition to a perpetual user licence for the first 1 million handsets. Synchronica anticipates delivery to the customer by the end of April 2012.
"We're thrilled to have successfully built this relationship with a leading Chinese manufacturer," says Simon Taylor, Synchronica's EVP for International Sales and Business Development. "The size of this initial order illustrates the customer's eagerness in using Synchronica-powered messaging as a way of differentiating their products. We're already working closely together on developing innovative go to market strategies, and exploring ideas to further enhance our partnership".
According to ABI Research, more than 360 million ultra-low-cost and 249 million low-cost mobile phones are expected to ship by 2015.
"This is Synchronica's first handset order since we enriched our MediaTek Toolkit with enhanced messaging software," says Angus Dent, Synchronica's Chief Executive Officer. "This is a complete set of technical and commercial resources which enable MediaTek device manufacturers to effortlessly integrate push email, IM and social networking onto their low-cost handsets. Importantly, our MediaTek Toolkit provides Synchronica with a key competitive advantage. We expect to announce further MediaTek-based contract wins throughout the year."