Synchronica Signs $1.28M Deal With Device Manufacturer

29th Jun 2010 09:14

LONDON (Dow Jones)--Synchronica PLC (SYNC.LN), a mobile email, instant messaging and data synchronization provider, said Tuesday it has signed an agreement with an emerging markets focused Device Manufacturer to bundle Synchronica's award winning Mobile Gateway with its handsets in a deal generating $1.28 million of revenue to Synchronica in the first half of 2010. MAIN FACTS: -The Device Manufacturer has committed to bundling Mobile Gateway with guaranteed minimum volume commitments over a period of 18 months. Synchronica will receive a number of milestone payments during this 18 month period with the first payment expected before the end of the year. -The Device Manufacturer, which focuses particularly on the emerging markets in countries of the former Soviet Republic and Asia, will offer Mobile Gateway bundled phones under its own brand. -Shares at 0812 GMT up 0.4 pence, or 20.0%, at 2.3 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 29, 2010 04:14 ET (08:14 GMT)