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ACE*COMM Awarded Patent for Creation of Technologies for Telecommunications Operations
Thursday, June 21, 2007
Gaithersburg, MD -- ACE*COMM Corporation (Nasdaq: ACEC) a provider of advanced technology solutions for telecommunications service providers, today announced that the U.S. patent office awarded the Company a patent covering essential technologies underlying a number of the solutions ACE*COMM offers customers. These solutions, which strengthen ACE*COMM’s position in the OSS telecom market, encompass the areas of Billing, Mediation, and Service Delivery.
Jim Greenwell, CEO of ACE*COMM, commented, "ACE*COMM's patented data processing technology includes a high performance, configurable mediation engine that can be easily adapted to process usage measurement events into billable records. The same system can also be used as a trigger mediation system for the application of business rules when handling signaling or transactional events for access controls. This technology has served as the backbone for ACE*COMM’s traditional mediation products such as OpenARMS, N*USAGE® and N*VISION®. We continue to refine our existing products through technology advances and innovative thought."
ACE*COMM’s patent is for a "NETWORK SERVICES PROVIDER PLATFORM FOR SUPPORTING USAGE-SENSITIVE BILLING AND OPERATION SERVICES." It protects the proprietary methods and practices used by ACE*COMM in the covered products and services that the Company delivers to customers against the use or replication of these technologies by others. It also marks the calendar time when the technologies were invented and establishes the precedence of this particular intellectual property for use in defending any future claims.
About ACE*COMM Corporation
ACE*COMM is a global provider of advanced operations support systems and value-added services for managed mobility applications that advance personalization and enable service providers and enterprises to realized greater revenue with minimum time or cost to market. Via a suite of service delivery solutions, ACE*COMM delivers the customizable, platform independent and easily deployed tools that directly impact the user’s bottom line. ACE*COMM’s service delivery solutions provide mobile service providers with award-winning, in-demand consumer-oriented products that help achieve and sustain market share and generate new revenue. ACE*COMM is headquartered in Gaithersburg, Maryland, with European headquarters in London, and offices around the world. For further information visit http://www.acecomm.com.
Except for historical information, the matters discussed in this news release include forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including, but not limited to: the failure of anticipated demand to materialize, delays or cancellations of orders due to various factors, including business and economic conditions in the U.S. and foreign countries; industry-wide slowdowns, any limitations on customers’ financial resources, the continued convergence of voice and data networks, the continuing success of the Company’s strategic alliances for product development and marketing, customer purchasing and budgetary patterns or lack thereof; pricing pressures and the impact of competitive products; the timely development and acceptance of new products; the Company’s ability to adequately support its operations, and other risks detailed from time to time in the Company’s Report on Form 10-Q and other reports filed with the Securities Exchange Commission.
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