|By Marketwired .||
|June 23, 2014 06:52 AM EDT||
YOQNEAM, ISRAEL -- (Marketwired) -- 06/23/14 -- MIND C.T.I. Ltd. (NASDAQ: MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product based solutions for service providers as well as unified communications analytics and call accounting solutions for enterprises, today announced one new win and two major follow-on orders.
The new win is with an East European mobile operator which has built the first Bulgarian commercial 4G LTE (Long Term Evolution) mobile network, offering high-speed mobile internet. Following an extensive and meticulous process, MIND has been chosen together with an Israeli leading system integrator to provide a fully convergent billing end-to-end solution over the Nokia Siemens Networks (NSN) infrastructure.
The first follow-on order is a major upgrade with a provider of wireline and wireless services in Guam that selected MIND in the beginning of 2011 to provide an end-to-end convergent solution for prepaid and postpaid business models. As this customer is upgrading its wireless network with the HSPA+ solution from Ericsson, it selected MIND again, to enhance the solution in order to support the network upgrade.
The second follow-on order is with an African company established in 2009, which has been using the MINDBill system since inception for its WiMAX prepaid rollout. Following the global trend, this company is implementing Data over LTE technology, having received the local license in 2013. Using the MINDBill product catalogue for data services over LTE, this carrier will be able to offer competitive rate plans and achieve rapid return on its investments.
"The European markets have been slow for many years overall. We believe that our ongoing presence in Europe is important for future potential growth as these markets will eventually recover. We are pleased with the new win as it reflects the growing reputation of our state-of-the-art all-inclusive solutions and of our execution on implementations. We are pleased as well with the follow-on orders since we know that our customers always have a choice to stay with us or choose a competitor's solution, especially when enhancing their offerings or networks. Staying with MIND is the confirmation we get for the quality of our technology and the high level of our support," commented Monica Iancu, MIND's CEO.
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements." These statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including the risks discussed in the Company's filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information.
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MIND CTI Ltd.
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