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New Patent Recognizes Redknee Innovation in Telecommunication Services
Tuesday, October 16, 2007
Toronto -- Redknee Solutions Inc. ("Redknee" or the "Company") (AIM: RKN), a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, today announced that the company has been issued U.S. Patent 7,277,444 for its Method and System for Distributing and Executing Service Logic. The patent provides a means to enable the generation, provisioning, and execution of applications across private and public telecommunication networks in order to provide novel telecommunication services via the serial or concurrent invocation of one or more distributed applications. With this fourth issued patent, Redknee continues to protect the innovation associated with its real-time communications service technology with an additional 23 pending patent applications.
Lucas Skoczkowski, CEO at Redknee comments:
"This additional patent reinforces Redknee's technological leadership. We believe that a disciplined patent filing process will support Redknee's strategy and bring long term value to Redknee's clients and shareholders. This patent signifies an example of Redknee's innovation that Redknee intends to license to vendors and operators."
Bohdan Zabawskyj, CTO at Redknee added:
"This patent reflects Redknee's strategy to build our core intellectual property portfolio. The technology provides the basis for many leading and anticipated next-generation value added services that are supported by open service creation environments such as Service Development Platforms and Web Service based architectures."
About Redknee
Redknee (RKN: AIM), established in 1999, provides real-time monetization and personalization products, solutions and services to over 30 mobile operators globally. Redknee Monetization products enable mobile network operators to optimize the lifetime value of each subscriber through advanced billing, rating and charging. Redknee Personalization products enable operators to offer personalized voice, messaging, and data services for the enterprise and consumers to meet mainstream, niche and individual market segment requirements. Redknee customers provide services to over 290 million wireless subscribers in over 20 countries. Redknee Solutions Inc. is the parent of the wholly-owned operating subsidiary Redknee Inc, and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information, visit http://www.redknee.com.
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