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23 Sep 2009 09:57
COMS PLC
("Coms", or "the Company")
NEW PRODUCT LAUNCH
COMS LAUNCHES VIDEO CONFERENCING SERVICE AND EXTENDS RELATIONSHIP WITH POLYCOM
Coms plc, a provider of internet telephony services to business customers, today launches an innovative video conferencing service based upon the Polycom CX5000 video conferencing phone that was developed in partnership between Polycom and Microsoft.
Together the Polycom CX5000 Conference Station and Microsoft's Live Meeting application provide a unique group voice and video collaboration experience, giving remote participants a 360-degree panoramic view of the conference room and video that automatically tracks the flow of conversation for more productive and efficient meetings.
Coms provides an internet video service that will enable audio and visual communications between the devices. The Company will charge a monthly fee per user as well as a per minute usage charge. This will generate another recurring revenue stream for the Company.
Jason Drummond (Executive Chairman) said "I believe that the market for low cost video conferencing is going to grow exponentially and the new Polycom video conferencing device will become as ubiquitous as their existing iconic triangular conference phone. Coms's video conferencing service combined with Polycom's CX5000 will generate a new long term recurring revenue stream for the Company."
Glynn Jones (Vice President, EMEA Voice Solutions,Polycom) said "We are delighted to build upon our successful relationship with Coms. Video Telepresence improves communication within businesses, combined with increased availability of bandwidth and the need to reduce travel costs, video conferencing will be one of the fastest growing sectors of the IP communications market".
The CX5000 is additionally available for wholesale purchase by resellers from the Coms subsidiary VCOMM (UK) Limited ("VCOMM"). VCOMM has been the sole distributor of Polycom's IP range of phones in the UK since October 2007.
Further information is available from the Company's website, www.coms.com.
Contact:
Coms plc Richard Bennett +44 (0) 20 7148 3148
Dowgate Capital Advisers Limited
Aaron Smyth/ Jo Turner +44 (0)20 7492 4777
Alexander David Securities Limited
David Scott/ Jon Levinson +44 (0)20 7448 9820
Notes to editors:
Coms was founded by Jason Drummond in 2000 with the vision of using the Internet to carry and deliver voice telephone calls. Voice over IP (VoIP) is changing the way consumers and businesses make and receive their telephone calls. Coms offers a low-cost VoIP service that can be combined with services provided by broadband Internet suppliers to make and receive telephone calls. Coms subscribers can make high quality calls over the Internet wherever a high-speed Internet connection is available, including in wireless hotspot as they are allocated their own location free unique user telephone number. Subscription is available in a range of packages. See www.coms.com for more information.
Coms is an Ofcom authorised Public Electronic Communications Network (PECN) and a member of the Internet Telephony Service Providers Association (ITSPA).
Coms is listed on the London Stock Exchange AIM market (LSE:COMS)
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