Crimson Tide Regulatory News (TIDE)

18 Jun 2007 07:01

Crimson Tide PLC18 June 2007 FOR RELEASE 7.00am 18 JUNE 2007 Crimson Tide Plc ("Crimson Tide" or "the Company") (A leading service provider of mobile data solutions for business) Crimson Tide announces new strategic business partnership Crimson Tide plc (AIM:TIDE), the provider of mobile data solutions, todayannounces that it has signed a strategic business partnership with NewmanConcepts Limited, a provider of wireless broadband internet services based inNorfolk, UK. Crimson Tide will offer Newman's patented "Digital Bridge"technology to a broad range of potential customers on a revenue sharing basiswhich will enable both companies to benefit from the flow of recurring revenues. The Digital Bridge technology allows users to obtain wireless broadband withdownload speeds of up to 20 Mps, with similar upload speeds. It can enableindividual premises, large sites as well as non-metropolitan towns andcommunities. The key to the technology is its simplicity, ease of installationand cost-effectiveness. The technology has been in use in rural Norfolk for anumber of years and is currently being implemented in Kings Lynn. Crimson Tide aims to integrate the Digital Bridge technology into its range ofwireless and mobile data solutions, using Crimson Tide's increasing routes tomarket and its growing brand awareness to promote and deliver the technology toits customers. The market for the technology is potentially worldwide andCrimson Tide sees this as an ideal opportunity to expand its geographicfootprint. Barrie Whipp, Executive Chairman of Crimson Tide, commented: "The Digital Bridge technology is a very exciting development in the wirelessbroadband sector. Its speed is impressive, both in terms of wireless internetand hotspot delivery. I believe that Crimson Tide can incorporate it into itsrange of solutions, giving fast, secure wireless connectivity where currentsolutions are either unavailable or prohibitively expensive. Initially Crimson Tide will be marketing the technology in the UK and Ireland.Once it is firmly established we will be looking for international partners todevelop sales on a worldwide basis." Will Newman, founder and CEO of Newman Concepts, added: "Crimson Tide offers an exciting route to market for the Digital Bridgetechnology, together with their range of wireless and mobile data solutions. Wesee this as an exciting partnership, giving us access to a number of areas thatwe have not yet explored." Contacts: Crimson Tide plc 01892 542444Barrie Whipp, Executive Chairman W.H. Ireland Limited 0121 616 2101Tim Cofman-Nicoresti Cubitt Consulting 0207 367 5100Brian Coleman-Smith / Leanne Denman This information is provided by RNS The company news service from the London Stock Exchange