Pareteum Awarded $3 Million Agreement from US Service Provider
Cloud Mobility Services add New Revenues
NEW YORK, Aug. 1, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), ("Pareteum" or the "Company"), the rapidly growing Global Cloud Software company, delivering award winning mobile enablement solutions, announced today that it has signed a $3 million 3-year contract with a U.S. service provider to enable the delivery of mobility services for their consumer and enterprise customers. The Pareteum Global Software Defined Cloud (GSDC) will empower them with software defined mobile connectivity for roaming, airtime, voice, SMS, and data services.
Our new client says it is "time for telecom to change". They selected Pareteum to access the super API software-enablement solutions delivered by the GSDC and to eliminate the commercial and technical barriers to open mobility, applications and global connectivity. Super API speeds the integration of multiple applications including mobile data, voice, SMS, and VOIP services, bundled by our client for resale to their enterprise and consumer customers. Their subscribers will now benefit from global connectivity access through affordable bundled service packages, tailored for their evolving demands by our Predictive Analytics and Insights Engine.
Vic Bozzo, CEO of Pareteum commented, "Pareteum's status as the all-in-one software merge of mobile and applications continues to disrupt the market. In the age of the digital economy evolution, our software is built for the future."
Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, "We agree with our new client that it is "time for telecom to change". Pareteum's GSDC was developed to power the world's most demanding applications through its software and APIs. By shifting decisions regarding services to the user, we are making material strides in our vision of global open mobility and applications. It is our goal of democratizing the use of communications infrastructure with virtualized voice, text and chat, that drives us forward. Pareteum is enabling innovators across multiple industries by embedding communications as a part of every software developer's toolkit and improving how companies engage with their customers. This simply means providing safe, secure, and high-quality data applications, streaming content, and mobility services to everyone, shifting services control to the user. By providing these previously unattainable service levels and business models, Pareteum is also opening new opportunities for economic development."
About Pareteum Corporation:
Pareteum Corporation (NYSE American: TEUM) is a rapidly growing Global Software Defined Cloud company with a mission to connect "every person and everything." Organizations use Pareteum to energize their growth and profitability through our Global Software Defined Cloud and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our Cloud platform services partners (technologies integrated into our cloud) include: HPE, IBM, Ribbon Communications (Sonus+GenBand), NetNumber, Oracle, Microsoft, and other world class technology providers. All of the relevant customer acquired value is derived from Pareteum's leading Global Software Defined Cloud, delivering award-winning mobile enablement, regardless of the user's location or network. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. For more information please visit: www.pareteum.com.
Forward Looking Statements:
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Pareteum's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of Pareteum may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Pareteum also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested in Pareteum's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum Corporation.
Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
[email protected]
Stephen Hart
Hayden IR
917-658-7878
Carrie Howes
Rayleigh Capital
Dubai- London
T UAE: +971 (0) 55 997 0427 | T UK: +44 (0) 870 490 5443 | T CAN: +1 416 900 3634
SOURCE Pareteum Corporation
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