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| MobileMax shares double on new customer report | Published by: Globes
www.globes.co.il
Adi Ben-Israel
02/08/2009
| The deal follows contracts with India's Tata Communications and DeFi Mobile of San Francisco.
Unified communications software developer MobileMax Technologies Ltd. (TASE:MBMX) has signed an agreement with "one of the world's largest international telecommunications operators", whose name it did not disclose. The customer has already placed its initial orders, worth NIS 1 million, for the product and services. The deal was made through MobileMax's US subsidiary, MobileMax Inc.
MobileMax adds that when it completes installation of the services toward the end of 2009, it expects to sign a contract for the sale and support of its software products.
MobileMax's share jumped 104% in heavy trading by early afternoon to NIS 0.80. The share has risen by over 760% since the beginning of the year.
In its notice to the Tel Aviv Stock Exchange (TASE), MobileMax said, "The company attaches great importance to this order because it comes from one of the world's largest international telecommunications operators with a global presence and significant share of the mobile, fixed-line communications, and international markets. The order could be a springboard for the launch of additional services based on the company's products and technology."
Last month, MobileMax received its first order from San Francisco-based DeFi Mobile Ltd. In March, MobileMax signed a NIS 249,000 contract with India's Tata Communications Ltd. (NYSE: TCL; BSE: 500483). MobileMax used the same language to describe the Tata order, saying that it was a "company with a global presence and substantial share in the international market that could be a springboard for the launch of additional services based on the company's products and technology."
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