Elephant Talk Reports Q1

LOWI, Vodafone’s newest MVNO brand in Spain powered by Elephant Talk’s platform recently topped a critical mass user number, a significant success for a brand launched just 5 months ago. Building on this success, the Company is working with Vodafone to not only increase the numbers of users on our platform in Spain, but is looking to work with new brands in new geographic markets.

Elephant Talk signed a new platform contract in Brazil, subject to our customer obtaining a MVNO license from Anatel, the Brazilian regulator. The customer is expected to obtain all of the necessary licenses and permits to operate in the market later this summer and if all goes well, the Company expects the platform to be up and running by the end of 2015.

Momentum at ValidSoft continues with the signing of ImageWare Systems, its third new commercial customer contract in 2015. ImageWare Systems is a market leader in identity management solutions serving a varied client and partner portfolio where it delivers a single, best in class platform of biometric solutions designed to manage millions of identities worldwide. The ImageWare Systems relationship provides ValidSoft with an immediate existing pipeline of contracts, which are currently under development and deployment.