724 Solutions Unveils the X-treme Mobility Suite of Products
X-treme reliability, scalability and openness power next-generation data networks
Toronto, ON (October 16, 2002) - 724 Solutions (NASDAQ:SVNX; TSX:SVN), a leading provider of next generation IP-based networks and data services, announced today the availability of the X-treme Mobility Suite (XMS). This powerful set of tools and services was developed by 724 Solutions in order to allow mobile network operators to generate new revenue opportunities from the convergence of mobile and Internet services.
The X-treme Mobility Suite is a group of related technologies that work individually and together. XMS consists of network infrastructure products and application enablers designed to make the data networks of mobile network operators accessible to a scalable community of users and content vendors. XMS products allow mobile network operators to rapidly deploy new content services, manage vendor relationships, control content and stimulate network traffic, all with a view to increasing revenues from customers and content providers.
The X-treme gateway products provide a flexible infrastructure with linear scalability that supports every major carrier standard, including WAP 2.0. The infrastructure layer of XMS is comprised of:
- X-treme Pull Gateway: delivers session-based data services
- X-treme Push Proxy Gateway: enables outbound messages such as WAP push, SMS and MMS
The application enablers provide tools to enrich content, stimulate traffic and enable rapid application deployment. These include:
- X-treme Service Activity Manager: allows mobile network operators to deploy new data services quickly and easily
- X-treme Alerts Generator: stimulates purchasing and entices users back on to the network by providing personalized, actionable alerts
- X-treme Message Manager: provides a systematic means of extending push message capabilities to mobile network operators' in-house and third party applications
"The X-treme Mobility Suite is our answer to the needs of next-generation mobile network operators," said John Sims, chief executive officer, 724 Solutions. "The XMS products expand our reach and opportunities into the mobile network operator marketplace."
About 724 Solutions Inc.
724 Solutions Inc. (NASDAQ: SVNX; TSX: SVN) delivers reliable, scalable technology and solutions that allow mobile network operators to rapidly deploy flexible and open next generation IP-based networks and related services. Additionally, the company provides a series of actionable alerting solutions to financial institutions to assist them in increasing revenue, lowering operating costs and improving customer satisfaction and retention. 724 Solutions is a global company with development operations in North America, Switzerland and Germany with headquarters in Toronto, Canada. 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
