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 |
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Investec Bank plc (Nominated Adviser & Broker) |
+44 (0)20 7597 4000 |
Dominic Emery / Carlton Nelson |
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Walbrook PR Ltd |
+44 (0)20 7933 8780 |
Paul Cornelius / Helen Cresswell |
[email protected] |
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™) 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
