724 Solutions signs major contract with Hewlett-Packard
Toronto, ON (April 24, 2002) - 724 Solutions Inc. (NASDAQ: SVNX; TSE: SVN) today announced a business agreement with Hewlett-Packard (NYSE: HWP). Highlights of the contract include 724 Solutions providing Hewlett-Packard with its Mobile Internet Gateway (MIG) technology and services, which will be used by their first customer, a large North American mobile operator.
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
Kirsten Scott and Kim Smith, éclat Marketing
Tel: +44 (0)1276 486000