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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

REDKNEE AWARDED NEW UNITED STATES PATENT

07/01/2009 7:00am

UK Regulatory


    RNS Number : 2274L
  Redknee Solutions Inc.
  07 January 2009
   

 For Immediate Release  7 January 2009

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

    Redknee Awarded New United States Patent
    Innovation Enables Network Operators to Charge for IP Services

    TORONTO - January 7, 2009 - Redknee (TSX/AIM: RKN), a leading provider of mission-critical software and solutions for communications
service providers, is pleased to announce that the Company has been issued United States Patent No. 7,457,865 (the "Patent") for its "Method
for implementing an internet protocol (IP) charging and rating middleware platform and gateway system". 

    The Patent, one of more than 50 issued patents or pending patent applications controlled by Redknee, enables network operators to charge
for services and applications delivered via their IP infrastructure in real-time to both prepaid and postpaid subscribers. Redknee's
innovation allows for charging based on a number of attributes, including service type, quality of service and time of day, as well as
protocol-specific attributes.  

    Among other capabilities, the Patent enables network operators to charge their subscribers for services and applications delivered via
their IP infrastructure in a perceptually meaningful manner.

    Lucas Skoczkowski, CEO of Redknee commented:
    "At Redknee, we are committed to investing in the development of innovative solutions that address the challenges faced by our
customers' now and in the future. Today's announcement reinforces our position as a leading innovator in our industry, while providing our
customers with the advanced technologies they need to succeed in this dynamic marketplace." 

    Technologies associated with the real-time rating and charging of IP traffic will be increasingly relevant as a growing proportion of
network operator revenues are derived from data services and applications.  Analysts have noted that operators will have to transform their
IP infrastructure from 'dumb-pipes' to 'smart pipes' in order to support the growing demand for global data services, estimated to be worth
US$251.9 billion by 2012 (sources: Portio Research and Juniper Research).  

    Bohdan Zabawskyj, CTO at Redknee commented,

    "The technologies prescribed by this patent enable network operators to benefit from the growth in IP services and applications by
facilitating a number of billing and charging options in real-time.  It is another example of how Redknee has demonstrated
thought-leadership by developing innovative products that meet both existing and evolving market requirements."

    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/




    For additional information please contact:

 Media Relations Contact:        Financial Public
 Ashleigh Young                  Relations :
 Mi liberty                      Jeremy Garcia 
 +44 (0)20 7751 4444             Buchanan
 ayoung@miliberty.com            Communications
                                 +44 (0) 20 7 466
                                 5000
                                 jeremyg@buchanan.uk.
 Mark Yaphe, Vice President,     com
 Product Management & Marketing
 +1 905 625 2298
 mark.yaphe@redknee.com          Redknee Solutions:
                                 Colley Clarke, Chief
                                 Financial Officer
 Nomad:                          +1 905 625 2604
 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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