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July 17, 2007
TORONTO -- Redknee (AIM: RKN), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, today announced that two of its monetization products have been selected by Far EasTone Communications Co., Ltd. (4904:Taiwan Stock Exchange), a leader in converged mobile communication and Internet services, as part of Redknee's strategic reseller agreement with CommVerge Solutions Holdings Inc. The deal constitutes the first phase in a multi-phase project.
Far EasTone currently serves over 6 million subscribers and is actively moving forward with its strategy to provide a converged fixed-mobile service environment. The implementation of Redknee's next-generation network service capabilities will enable Far EasTone to introduce competitive bundled offerings and improved service quality across its subscriber-base, in addition to delivering operating and capital cost efficiencies.
Jeffrey Gee, Executive Vice President, Network Division, of Far EasTone commented: "As one of the first operators to implement HSDPA and IMS in Asia, our criteria for a policy and data charging vendor were demanding. Together, Redknee and CommVerge Solutions have demonstrated a deep understanding of both our business requirements and the evolving nature of IMS standards."
CommVerge, in Phase 1 of the project, will provide project management and engineering expertise to integrate Redknee's Policy Decision Rules Server (PDRS) and Unified Rating & Charging System (URCS) with Far EasTone's telecommunications network in Taiwan.
Edmund Wei, President & CEO of CommVerge Solutions, commented: "This win provides further demonstration of CommVerge's integration competencies in advanced IMS networks. Working with Redknee's world leading standards-based products, we are confident in meeting Far EasTone's business and network convergence requirements."
Redknee Inc. (Toronto TSX: RKN)
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