Adams Regulatory News (ADA)

14 Nov 2006 07:05

Adamind Ltd14 November 2006 ADAMIND COMPLETES FIRST STAGE OF MULTIPLE CAPACITY UPGRADE AGREEMENTS WITH CARRIER IN THE U.S. Adamind's SpireTM Platform continues to enable carrier's multimedia content adaptation capabilities as capacity requirements increase Palo Alto, California. 14 November, 2006: Adamind (LSE: ADA) ("Adamind" or the"Company"), a global supplier of software that enables mobile multimedia contentand converged communications services to be experienced over any device ornetwork, announces that it has completed the first stage of a multiple capacityupgrade agreement with a carrier customer in the U.S through one of itsMultimedia Messaging Service Center (MMSC) OEM channels. This agreement will generate revenues of approximately $500k for Adamind and arefactored into the revenue guidance for full year 2006 provided by the Company on30 August 2006. Shailendra Jain, CEO of Adamind said: "These capacity upgrades demonstrate thatoperators are seeing an increase in MMS traffic and expect this to rise furtherover the holiday season. Since the installation of the Adamind SpireTM platform,the carrier has witnessed a multiple fold increase in its rich-media messagingtraffic." Cindy Andreotti, former President of Enterprise Markets at MCI and currentlyStrategic Advisor at Adamind adds, "While overall subscriber acceptance andglobal uptake of MMS has been relatively slow, recent reports are indicating asystematic upswing particularly in the United States. Adamind is well positionedto accommodate this growing demand in messaging and content services." According to quarterly statistics released by operators and statistics publishedby Informa Telecoms & Media, the United States is the global frontrunner in terms of MMS traffic. The CTIA Semi-Annual Wireless Industry Survey reports that MMS messages sent during the month of June 2006 (1.1 billion) were equivalent to the total number of MMS messages delivered during the entire first six months of2005. According to a recent report by M:Metrics, MMS in the US has increased by32% in the last six months. Enquiries AdamindShailendra Jain, CEO + 1-801-2319076 Corfin CommunicationsNeil Thapar, Harry Chathli +44 20 7929 8989 About Adamind Adamind (LSE: ADA) is a provider of software that enables mobile multimediacontent and converged communications services. The company addresses theinteroperability challenge that exists between different mobile devices toreceive and process media rich content. The Adamind SpireTM platform provides media adaptation and enhancement software enabling service operators to successfully deploy messaging, content and next generation convergence services; generate new revenue streams; and drive key new value-added-services (VAS) enablers such as advertising, branding, DRM and anti-abuse support. Adamind has over 100 deployments in some of the world's major mobile operator networks and content providers such as Universal Mobile Music and has strategic relationships with major infrastructure vendors and system integrators including Ericsson, HP, IBM, Accenture, LogicaCMG, Motorola, Openwave, Critical Path and CBOSS.www.adamind.com This information is provided by RNS The company news service from the London Stock Exchange