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RKN Redknee Sol.

18.50
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Redknee Sol. LSE:RKN London Ordinary Share CA7575241038 COM SHS NPV (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Inmarsat Update

17/12/2008 7:00am

UK Regulatory


    RNS Number : 2592K
  Redknee Solutions Inc.
  17 December 2008
   

 For Immediate Release  17 December 2008
    

    Redknee Solutions, Inc.
    ("Redknee" or "the Company")

    Inmarsat Deploys Redknee's Billing Solution for Prepaid Satellite Broadband Service 
    Redknee continues to build momentum in the global satellite industry

    TORONTO - December 17 2008 - Redknee (TSX /AIM: RKN), a leading provider of mission-critical software and solutions for communications
service providers, today announces that Inmarsat, plc ("Inmarsat"), the leading provider of global mobile satellite communications services,
has launched Redknee's real-time Turnkey Converged Billing solution to address the prepaid charging needs of its Broadband Global Area
Network ("BGAN") service.
    Redknee successfully won the mandate from Inmarsat (announced on February 11, 2008) to deliver a flexible charging platform for its BGAN
service, which is supplied by distributors in a number of geographies. After a competitive tender process, Inmarsat selected Redknee's
Turnkey Converged Billing solution because it provides the flexibility required to support its many satellite communications distributors
with a number of dynamic pricing plans across a number of services - including voice, SMS and other data services. 

    According to analyst firm Northern Sky Research (NSR), commercial satellite revenue is expected to increase 56% to $12.9Billion US by
2017. Inmarsat's award-winning BGAN solution delivers up to 492kbps of data anywhere on the planet, and enables Internet access with full
audio and video streaming capabilities in some of the most remote regions of the globe. Redknee's Turnkey Converged Billing solution
provides Inmarsat with real-time, prepaid charging for voice, messaging and data, along with the ability to integrate fully with its
existing client relationship management platform. 

    Michael Butler, President and COO of Inmarsat, said:

    "We needed a pre-paid billing solution that would meet our high standards and those of our distribution partners. Redknee's Turnkey
Converged Billing solution has met the challenge once again by addressing the billing and charging needs of our innovative BGAN service,
with a solution that also provides flexibility to meet future billing requirements."


    Lucas Skoczkowski, CEO of Redknee, added: 

     "This is an important launch for Redknee, as it demonstrates the flexibility and robustness of our product based solutions across a
diverse client base, in Tier 1 markets as well as high growth markets.  Furthermore, we are excited to play a part in helping those in the
remotest regions of the world stay connected through voice, messaging, and the mobile Internet."

    More than 500 distribution partners and service providers market Inmarsat services around the world, and therefore face a challenge in
providing a consistently high level of billing to customers wherever the services are offered. Inmarsat provides branded prepaid vouchers to
its partners for selling to customers who need mobile satellite communications, including journalists, aid workers, maritime users, oil and
gas exploration teams, and more. Redknee's Turnkey Converged Billing solution transparently manages the separate rating and billing for
these distribution partners through Inmarsat, and provides the consistency required by Inmarsat's distribution partners. 

    The products, solutions, and services described in this release may be subject to certain geographic limitations and restrictions in
their use.

    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:RKN, 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/.

    For additional information please contact:

 Media Relations Contact:        Financial Public
 Ashleigh Young                  Relations :
 Mi liberty                      Jeremy Garcia 
 +44 (0) 207 751 4444            Buchanan
 ayoung@miliberty.com            Communications
                                 +44 (0) 20 7 466
                                 5000
                                 jeremyg@buchanan.uk.
                                 com
 Mark Yaphe, Vice President,
 Product Management & Marketing
 +1 905 625 2298                 Redknee Solutions:
 mark.yaphe@redknee.com          Colley Clarke, Chief
                                 Financial Officer
                                 +1 905 625 2604
 Nomad:                          colley.clarke@
 Canaccord Adams Limited         redknee.com
 Ryan Gaffney/Andrew Chubb
 +44 (0) 207 050 6500


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCFKAKPABDDFBD

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