Wireless - Carriers - GPS - Mobile applications - Messaging products - Satellite communications - Cellphone

MWC 2010

Fundamo Now Certified in Western Union Mobile Vendor Program

Fundamo, the world’s largest specialist mobile financial services provider, has announced its certification by The Western Union Company as a key partner in the innovative Mobile Vendor Program. The program is designed to extend the reach and accessibility of Western Union Money Transfer® services to mobile finance initiatives in Latin America, Africa, the Middle East and Asia.

Fundamo can now offer Western Union Services in Mobile Wallet and Mobile Banking Platforms within the Digital Vendor Program. Fundamo is one of the first two companies to be certified by Western Union.

This certification will enable Fundamo’s clients (mobile operators and banks) to facilitate Western Union mobile money transfers from the US, the UK, the UAE, Singapore and Hong Kong (and other countries) directly to subscribers with mobile wallets on the Fundamo platforms.

Once a bank or mobile operator contracts with Western Union to activate the Western Union® Mobile Money Transfer (MMT) service, its consumers will be able to send and/or receive money through Western Union’s money transfer system. Western Union has a global agent network of more than 350,000 locations in over 200 countries and territories. MMT is currently available through select Agent locations as Western Union embarks on a program to extend availability to more locations during 2010.

Hannes van Rensburg, CEO of Fundamo, said “The mobile financial services industry is experiencing terrific growth, and we are delighted that major brands such as Western Union are realising the potential of this market. We are proud to be one of the first companies certified as a Mobile Vendor.

“Certification programs will further catalyse the market by enabling seamless interaction of all elements required for a robust mobile financial services ecosystem.”

Fundamo, along with Western Union, worked on a pilot programme under the auspices of the GSMA, which represents the interests of the worldwide mobile communications industry, in the second quarter of 2008.

The initiative allowed early mobile financial service concepts to be sold and trialed by the GSMA’s operator members. This announcement marks the start of the next phase where these solutions can now be deployed commercially through licensed vendors. • 18-2-10

Fundamo’s Enterprise Mobile Financial Services platform is architected for configurability and scalability to evolve with the needs of mobile subscribers to deliver increasingly compelling, tailored and differentiated mobile financial services as the market matures. The company’s vision is for a truly connected financial services ecosystem that supports the ubiquity of mobile devices. Fundamo has some 40 deployments in over 30 countries, including 27 countries in Africa and the Middle East and another 10 globally.

Conexant and AnyDATA

Solutions for 3G ‘Connected’ Consumer Device and Security Applications

Conexant Systems, Inc. announced that it has teamed with AnyDATA Corporation, a global leader in the design and manufacture of wireless devices, to deliver “connected” frame and home security reference designs for products used in 3G broadband cellular networks. The new solutions will be demonstrated for the first time in AnyDATA’s exhibition stand (2C102) at Mobile World Congress occurring Feb. 15-18 in Barcelona, Spain.

The first reference design is targeted at “connected” frames and interactive display devices that allow consumers to access pictures, videos, and other multimedia content from the Internet in real-time, and view the files on devices with large color displays and touch-screen functionality. The second reference design is aimed at motion-triggered alarm systems with visual verification capabilities used in “smart” home security applications. The reference designs feature Conexant’s CX92735 imaging and CX93510 video surveillance solutions, and AnyDATA’s DTP-600W 3G high-speed data packet access (HSDPA) cellular module.

“Leveraging AnyDATA’s expertise in 3G wireless solutions allows us to broaden our scope and address emerging imaging and video surveillance opportunities in the adjacent telecommunications sector,” said René Hartner, vice president of video product marketing and ecosystem partners for Conexant. “We look forward to working with AnyDATA on future solutions that allow consumers and enterprises to transmit and share videos, photos, and other large files over 3G broadband cellular networks.”

Dr. Soon Shin, AnyDATA CEO, stated, “Integrating Conexant’s industry-leading imaging and video technologies with our globally certified module allows carriers and OEMs to rapidly launch exciting connected devices that quickly create new revenues and set them apart from the competition. We are pleased that Conexant chose our 3G embedded module and is showcasing their cutting-edge consumer electronic devices with AnyDATA at the Mobile World Congress.”

Conexant’s high-performance CX92735 imaging solution supports streaming media content, MP3 audio playback with slideshow functionality, and multiple connectivity options. It is compliant with industry-standard video and audio formats including MPEG-4 and MP3.

Conexant’s CX93510 encoder allows video streams to be captured and recorded simultaneously and includes support for passive infrared technology. The low-power device operates at 12 milliamperes (mA) in full power and 10 nanoamps (nA) in sleep mode, which maximizes battery life. This is an important feature to alarm companies, many of which are targeting two-to-five years of system operation before battery replacement is required. Additional features include motion JPEG compression and Conexant’s proprietary differential encoding technology, which dramatically reduces the amount of bandwidth and time required to transmit video files.

AnyDATA’s high-speed DTP-600W module transmits data at broadband speeds of 3.6 Mbps downlink and 384 kbps upstream. The 3G module has received Technical Acceptance by AT&T and Vodafone for use on their wireless data networks, and has been certified by key industry agencies. The AnyDATA HSDPA module operates globally on tri-band UMTS 850/1900/2100 and quad-band GSM/GPRS/EDGE 850/900/1800/1900 wireless networks. • 9-2-10

Conexant’s comprehensive portfolio of innovative semiconductor solutions includes products for imaging, audio, embedded modem, and video surveillance applications.

AnyDATA Corporation is a global leader in the design and manufacture of wireless communications devices, including real-time tracking devices, modems, and smartphones. AnyDATA products have been certified by more than 57 carriers in 45 countries. The company distributes its products worldwide through wireless carriers and OEMs.

TOP - Cover -

Financial results

Intrinsyc Reports 2009 Fourth Quarter and Full-Year Financial Results

Intrinsyc Software International, Inc., a leading provider of software solutions for mobile devices, today announced its financial results for the fourth quarter and full year ended December 31, 2009, reported in United States dollars and in accordance with Canadian Generally Accepted Accounting Principles (“GAAP”). The Company’s results are presented in comparison to the three and twelve months ended December 31, 2008.

Q4 2009 Comparative Results

The Company reported fourth quarter revenue of $3.9 million as compared to $5.7 million for the three months ended December 31, 2008. Decline in revenue is primarily attributable to the decline in engineering services performed for Symbian Ltd. due to their decision to cease commercial sale of the Symbian operating system. Total revenue attributable to the Company’s software solutions was 52 percent of revenues, including software licensing, maintenance/support and software-related services, as compared to 43 percent in the comparative quarter. Gross margin was 60 percent in the fourth quarter of 2009 representing an increase from 54 percent in the three months ended December 31, 2008.

Total operating expenses, excluding amortization, stock based compensation, TPC royalty, asset impairment, restructuring charges and loss on disposal of equipment, for the three months ended December 31, 2009 were $2.0 million representing a decrease of 68 percent from the $6.2 million for the three months ended December 31, 2008. Earnings before interest, amortization, stock-based compensation expense, restructuring, asset impairment, loss on disposal of equipment, foreign exchange loss (gain), TPC royalty, and income tax (“EBITDA”) for the three months ended December 31, 2009 was $314,938 compared to EBITDA of ($3.1 million) for the three months ended December 31, 2008. Cash and cash equivalents were $11.7 million with net working capital of $11.3 million as of December 31, 2009 compared to cash and cash equivalents of $12.4 million with net working capital of $10.6 million as of December 31, 2008.

“The achievement of positive EBITDA for our third consecutive quarter and the year over year increase in net working capital are indications of the stabilization of the company’s operations and testament to the restructuring plan we put into place at the beginning of 2009,” stated Tracy Rees, President and Chief Executive Officer. “We intend to maintain our financial discipline while focusing on activities to improve revenue growth in 2010, chief among these being our recent launch of Destinator on mobile application stores and the planned broad expansion to countries around the world”.

Fiscal 2009 Comparative Results

The Company reported revenue of $17.5 million for the year ended December 31, 2009 as compared to $24.7 million for the year ended December 31, 2008. Total revenue attributable to the Company’s software solutions increased to 44 percent of revenues, including software licensing, maintenance/support and software-related services, as compared to 31 percent in the respective comparative period. Gross margin was 56 percent for the year ended December 31, 2009, up from 53 percent in the year ended December 31, 2008.
Total operating expenses, excluding amortization, stock based compensation, TPC royalty, asset impairment, restructuring charges and loss on disposal of equipment, for the year ended December 31, 2009 were $10.0 million, compared to $27.6 million for the year ended December 31, 2008. EBITDA for the year ended December 31, 2009 was ($293,460) compared to ($14.6 million) for the year ended December 31, 2008.

Business Highlights

During the fourth quarter, Intrinsyc made significant progress in developing Destinator software for new handheld devices and introducing into new on-line markets, and also continued the expansion of software and service solutions for Windows and Android based mobile devices. Notable developments and achievements include the following:

Recipient of a Windows Embedded Excellence Award for “2009 North American Partner of the Year” in the Consumer Devices category.
Presented three technical sessions at the ARM Techcon3 (October 21-23, 2009) at the Santa Clara Convention Center.
Demonstrated (along with leading femtocell provider Ubiquisys) the UX-Zone(tm) femtocell application at the Symbian Exchange and Exposition 2009 in London’s Earls Court. Intrinsyc’s UX-Zone incorporates femtocell presence triggers from Ubiquisys, changing the appearance of the phone interface automatically and allowing for most efficient use of network bandwidth.
Announced the availability of Destinator 9 for purchase on the Android Market, the online applications and media portal for Android mobile phones. With a host of new capabilities and features designed to get people to their destinations easily, quickly and safely, Destinator 9 for Android includes updated on-board maps of the US and Canada along with rich visual content such as extended lane guidance, speed limits and 2D building footprints.
Announced online availability for consumers to purchase and download Destinator® 9 GPS Navigation through Intrinsyc’s corporate web store, and the newly launched Destinator NavStore, an online marketplace for location-based services and navigation-related content.
Announced that the Destinator® GPS navigation software solution is currently shipping in a smartphone companion navigation system being sold in China. The device is an ultra-durable Bluetooth®-enabled portable GPS navigation system that combines the confidence of finding destinations with a speaker for hands-free smartphone connectivity on the road.
Announced that Destinator® GPS Navigation is available on Samsung Omnia Pro smartphones in Brazil. The Microsoft Windows Mobile®-based smartphones with Destinator preloaded are being sold through the dealer and retail store network of Vivo (NYSE: VIV), a major wireless carrier with more than 43 million subscribers.
Entered into a global reseller agreement with Delta Mobile Systems, a leading provider of innovative wireless products and services. Intrinsyc will resell the DM600-DEV, a comprehensive development platform for Android-based Internet appliances, wired and wireless gateways, monitoring and control systems, and wireless handheld products.
Announced availability of Windows® Embedded CE 6.0 Release 3 (R3) Board Support Package (BSP) for the Cerf®Board 270 reference designs. The new software offering will enable developers of embedded and handheld devices to leverage the latest Microsoft Windows technologies, including Silverlight for Windows Embedded and touch/gesture input, to create rich applications and user interfaces.
Completed development of the innovative nook eBook reader from Barnes and Noble. This device was winner of the 2009 TechCrunch, “Gadget of the Year.”

Source: Intrinsyc Software International (25-3-10)