724 Solutions launches Mobile Internet Gateway
Product to deliver leading-edge mobile operator solutions
Toronto, ON (April 24, 2002) - 724 Solutions (NASDAQ: SVNX; TSE: SVN) today announced availability of its Mobile Internet Gateway which is tuned to empower cost effective access to 2.5G and 3G networks. 724 Solutions will deliver this leading-edge mobile operator solution through distribution and integration alliances with global leaders (please reference today's press release on the Hewlett-Packard agreement).
As mobile operators evolve from circuit-based to packet-based networks, they have a critical need for an Internet Protocol (IP) gateway that demonstrates high availability, scalability, flexibility and is cost effective. 724 Solutions' Mobile Internet Gateway is designed to deliver these core values. Leveraging the technology that underpins 724 Solutions' Wireless Internet Platform (WIP), the Mobile Internet Gateway inherits WIP's proven high availability and scalability. Originally developed at Tandem Computer's High Performance Research Center, this technology has been benchmarked to scale to over 10 million users running a total of 10,000 transactions per second.
"This is an example of how our allies can incorporate 724 Solutions' technology to meet the needs of next-generation mobile operator networks," said John Sims, chief executive officer, 724 Solutions. "As mobile operators make the migration to these new networks their access gateways become vital parts of their overall service, demanding the highest levels of reliability and scalability, as well as, the flexibility to be able to quickly launch new services and devices. 724 Solutions' Mobile Internet Gateway delivers on these needs."
The Mobile Internet Gateway provides support for Wireless Application Protocol (WAP) 1.x, WAP 2.0, Short Messaging Service (SMS) and Multimedia Messaging Services (MMS). Other features include: full system management, flexible configuration, seamless integration with most networking infrastructure, content conversion, security and traffic optimization. 724 Solutions' open standards-based design makes it easy for mobile operators to support new devices, protocols and networks.
About 724 Solutions Inc.
724 Solutions Inc. (NASDAQ: SVNX; TSE: SVN) is a leading provider of mobile Internet infrastructure software and applications. It makes m-business happen globally by powering the delivery of secure mobile transactions for financial institutions and mobile operators. With headquarters in Toronto, Canada, the company has development and sales offices around the world. For more information, visit www.724.com.
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements include the statements herein regarding: the services and products that will be offered by 724 Solutions and Sonera SmartTrust, the benefits that businesses will obtain from these services and products and future demand for these services and products. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including the risk that 724 Solutions will be unable to deploy the solutions and products stated herein, the risk that the demand for the solutions and products will not increase as presently anticipated and other risks described in 724 Solutions' SEC filings. These risks are also described in 724 Solutions' filings with the Canadian Securities Administrators. 724 Solutions does not undertake any obligation to update this forward-looking information, except as required under applicable law.
For more information, contact:
Avichai Levy, VP Marketing Mobixell Networks
Tel: +972 544 666 785
Avichai.levy@mobixell.com
Kirsten Scott and Kim Smith, éclat Marketing
Tel: +44 (0)1276 486000
mobixell@eclat.co.uk
