Ace Comm Corp (MM) (NASDAQ:ACEC)
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From May 2019 to May 2024
ACE*COMM Corporation (NASDAQ: ACEC), a provider of advanced telecom
operations support systems (OSS) for service providers and value-added
services (VAS) Solutions for wireless operators, has received a
contract, valued at more than $400,000, with a regional partner to
provide technology and services to upgrade broadband usage measurement
capabilities for a customer’s network. The
customer is one of the largest telecommunications companies in the
Middle East with more than two million Internet subscribers and ten
million wireless subscribers.
Jim Greenwell, CEO of ACECOMM said: “This
is just one of a number of initiatives ACE*COMM is pursuing in the
Middle East. We believe our long-standing presence in the region and our
close connections with regional partners, combined with the strong
regional telecom growth, offers a great opportunity for ACE*COMM.
“In addition, our mixture of core technology,
advanced OSS solutions and VAS delivery applications have the potential
to boost our activity in the area significantly. According to telecom
research groups who study these markets, for example, total mobile
revenue per capita in the Middle East is showing signs of topping that
of European markets, when compared to countries with similar average
disposable incomes.”
About ACE*COMM
ACE*COMM is a global provider of advanced operations support systems
(OSS) and service delivery solutions for telecommunications service
providers and enterprises. ACE*COMM’s advanced
OSS solutions are applicable to a range of legacy through
next-generation networks that include wired, wireless, voice, data,
multimedia and Internet communications networks. Network operators use
them for revenue management, cost reduction, improved operational
efficiency, acceleration of time-to-market for new services, and more
effective customer care. ACE*COMM’s service
delivery solutions provide mobile service providers with award-winning,
in-demand consumer-oriented services to help them achieve and sustain
market share, generate new revenue and position themselves as market
innovators.
For more than 20 years, ACE*COMM technology has been effectively
deployed for more than 300 customers, spanning more than 4000
installations in 70 countries worldwide. ACE*COMM-installed products are
currently enabling the success of customers and partners such as
Alcatel, AT&T, Cisco, General Dynamics, IBM, Level 3 Communications,
Marconi, Motorola, Northrop Grumman, Siemens, and Unisys. Headquartered
in Gaithersburg, MD, near Washington, DC, ACE*COMM has corporate offices
in Australia, Canada, China, and the UK. ACE*COMM is an ISO 9001 quality
standard compliant company. For more information, visit www.acecomm.com.
Except for historical information, the matters discussed in this news
release include forward-looking statements that are subject to certain
risks and uncertainties that could cause the actual results to differ
materially from those projected, including, but not limited to: the
failure of anticipated demand to materialize, delays or cancellations of
orders due to various factors, including business and economic
conditions in the U.S. and foreign countries; industry-wide slowdowns,
any limitations on customers’ financial
resources, the continued convergence of voice and data networks, the
continuing success of the Company’s strategic
alliances for product development and marketing, customer purchasing and
budgetary patterns or lack thereof; pricing pressures and the impact of
competitive products; the timely development and acceptance of new
products; the Company’s ability to adequately
support its operations, and other risks detailed from time to time in
the Company’s Report on Form 10-Q and other
reports filed with the Securities Exchange Commission.