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Current trading and future prospects The announcement of our contract today with another Tier 1 mobile operator is excellent news since it further validates the trends we have seen develop in our market during the last 12 months. Mobile operators are seeking out applications that will help to grow revenues and retain customers. The increased sophistication of handsets, the reduced data tariffs and the related emergence of the workforce management sector is driving more mobile operators to explore the opportunity that Instant Communication solutions can offer. We now have customers in every corner of the world; Mexico, Brazil, USA, Germany, France, Italy, India, South Africa, Denmark, Sweden and the UK of course. There are negotiations and trials being conducted with potential customers in several other countries. The message is that we have great momentum and an increasing pipeline of opportunity. The key requirement now, is that our customers launch the services to their own customers, and that these services are taken up in large numbers. I believe we are approaching this stage with many of them and look forward to reporting over the coming months on the results.
Review of operations The momentum we have generated in the last 12 months has continued, with the announcement today of a further contract with a Tier 1 Mobile Operator, this one based in France. This deal was secured after an extremely tough trial process, where our solution was tested by one of the world's leading technology consultancies, for its functionality, resilience and scalability. Our success in coming through this process has demonstrated once again that we own a carrier class platform, which the world's leading mobile operators are now embracing to deliver instant communication services to their customers. Our technical team has worked hard to install the solution and we expect to announce the commercial launch of services later in the year, at which point more details as to the identity of the carrier may be disclosed. Our technical team has also been engaged during the period on installing our platform in Telcel (Mexico) and Claro (Brazil), the first two operators scheduled to launch the Push to Talk service under the American Movil umbrella. We are now very close to satisfying all the requirements of the customer, and I expect that we will be able to announce a full commercial launch before the end of the year. We continue to explore strategic relationships with handset manufacturers and during the period announced a deal with Handheld Group, a fast growing manufacturer of rugged PDAs. As the demand for Instant Communications increases in the workplace, we expect to see an increasing number of rugged handset manufacturers looking to install the application on the device at source. We are well placed to capitalize on this trend. We have recently opened up a new market opportunity through the partnership agreement we have signed with Cellhire, a global service provider specializing in the delivery of short term communication solutions for major global events. These events are traditionally served by Private Mobile Radio ('PMR'), a heavy duty, costly network designed for near universal coverage and availability, with very quick call set up and group communications. We have already been able to demonstrate the functionality, versatility and cost benefits of our solution compared to PMR. We look forward to developing this new channel to market with Cellhire over the coming months.
Introduction Mobile Tornado Group plc, the leading provider of instant communication mobile applications to the enterprise market, announces its unaudited results for the six month period to 30 June 2012. Financial Results Turnover in the six month period to 30 June 2012 amounted to £1,004,000 (30 June 2011: £885,000). Group operating loss reduced to £458,000 (30 June 2011: £499,000 loss). After finance costs of £221,000 (30 June 2011: £189,000) and a tax credit of £101,000 (30 June 2011: £122,000) the net loss for the period was £578,000 (30 June 2011: £566,000). The net cash outflow from operating activities was £469,000 (30 June 2011: £172,000). The Group consolidated balance sheet shows net liabilities at 30 June 2012 of £9,530,000 compared to net liabilities of £10,823,000 at 30 June 2011. Cash at bank was £21,000 at 30 June 2012 compared to £14,000 at 30 June 2011. During the period the Group received loans from InTechnology plc of £667,000 (30 June 2011: £140,000). The Directors believe that the Group has sufficient working capital for the foreseeable future given its contracted revenue, anticipated contracts and continued support from its principal shareholder, InTechnology plc.
http://www.investegate.co.uk/Article.aspx?id=201209270700132694N
Very quiet any one heard any news?
Gone quiet again but will stay with them long term
Mobile Tornado Group, a provider of instant communication mobile applications to the enterprise market, has unveiled a partnership with Cellhire, a global service provider, making Mobile's Instant Communication platform available as a fully serviced rental solution for major events and large-scale corporate use. The technology allows the establishment of half-duplex voice links, allowing one-to-one or one-to-many communication. "Our Instant Communication applications provides a more effective way to communicate, with greater flexibility and functionality than the traditional radio, mobile or PDA," Mobile said.
Building up loads of contracts, looking good for the future. I haven't read it, but was the recent drop due to the results of the AGM ? This share diversifies my portfolio from mining and have served me well in the passed, hope it gets back up to 11-12p soon
Matt Bennett, Managing Director of Cellhire said; "We're delighted to be able to offer this great technology to our customer base. We think this will be incredibly useful for our customers especially during the busy summer we have ahead where traditional walkie-talkie frequencies are limited or unavailable." Jeremy Fenn, Chief Executive at Mobile Tornado said; "We are extremely pleased to announce our partnership with Cellhire. Cellhire is the market leader in mobile data rentals and high quality low cost airtime, focussed on major global events. Enterprises throughout the world are demanding ever-increasing efficiencies from their workforce and our Instant Communication applications provides a more effective way to communicate, with greater flexibility and functionality than the traditional radio, mobile or PDA. We look forward to working with them to deliver our suite of Instant Communication applications to their blue chip customer base."
Strategic Partnership Cellhire and Mobile Tornado form a new partnership to deliver instant communications solutions Mobile Tornado Group plc is pleased to announce a partnership agreement with Cellhire plc ("Cellhire"), a global service provider specialising in the delivery of short term communication solutions for major global events. Mobile Tornado's Instant Communication platform allows the establishment of half-duplex voice links, allowing one-to-one or one-to-many communication. The partnership with Cellhire makes this technology available as a fully serviced rental solution for major events and large-scale corporate use.
http://www.investegate.co.uk/Article.aspx?id=201207170700117913H
Sudden drop over the last few days..very random. .not sure if this is cause for concern, or cause for top up.
still looks o k
Looks like its on the move again,hang on it looks good
Mobile Tornado Group, a provider of instant communication mobile applications to the enterprise market, posted a rise in revenues from £1.4m to £2.0m, while pre-tax loses narrowed to £1.2m (2010: £1.6m). The cost of sales doubled to £0.7m, while basic and diluted losses per share came in at 0.59p, compared to 0.85p the previous year. The company achieved increased sales activity during the year, up 43%, and believes that market within which it operates is increasingly receptive to the proposition it has develo
Results RNS - another share to watch! Highlights · Revenues increased by 43% and operating losses reduced to £816k · Deal closed with America Movil, one of largest mobile operators in the world to supply Instant Communications to Mexico and Brazil · Deal closed with Telecom Italia to access enterprise markets in Italy, Argentina and Brazil · Exclusive partnership signed in South Africa with NECO · Deal agreed with G4S in the Nordics covering Sweden, Denmark and Finland · Android client developed and to be launched in second half 2012
So I wonder how MBT will do. . I was told they'd be more contracts coming in the first half of this year, but then who knows. just need the entire market sentiment to turn round and we'll all be happy
told you so,
come on tornado !
Gone quiet again but still looks fine best to hang on in there.
I think it might go under 10p, but only briefly. I've been in here for a couple of years now, and strongly believe that very very exciting news is on the way. I topped up yesterday, only £500ish at 10.24. It showed as a sell.
my contact has said buy , so we'll see what happens ... another new contract on the way
Will be testing 8p again before long, dyor! 11p well broken now!
good evening all, patience! news will be here soon and this share WILL move again ! ! dyor gla x
still a good buy and will be getting better,now is the time to be buying