Market Share in Mobile Handset Market Grows from 3.9% in the First Half of 2006 to 8.7% in the First Half of 2007 - over 100 Million Mobile Subscribers Have Access to Esmertec's USSD Browsing Solution - First Half-Year 2007 Revenues Totaled USD 17 million
Esmertec(TM) (SWX:ESMN), a focused provider of software and
services to communications device manufacturers and mobile telecom
operators, is pleased to announce that it expects the first half-year
2007 revenues to be USD 17 million representing an increase of 83.7%
compared to the first six months of 2006. The company also notes
significant improvement in cash flow from operations.
Jean-Claude Martinez, CEO of Esmertec, said: "Our substantial
operational progress has resulted in a solid revenue growth. Thanks to
our international network and customized solution offering, we are
well placed to anticipate customer needs very fast, and in doing so
further drive growth and gain market share. Our order backlog remains
strong and we have been able to renew contracts with top tier
customers."
In the Mobile and Multimedia Devices segment the company's
customer shipments in the second quarter 2007 reached 26.4 million
units compared to 10.4 million in the second quarter 2006. The market
share improved to an estimated 8.7% in the first half-year 2007 from
3.9% in the first half-year 2006. Total customer shipments in the
first half-year 2007 reached 46.3 million units compared to 18.1
million units for the same period in 2006.
As at June 30, 2007 20 mobile operators have deployed the Mobile
Operator segment's USSD browsing solution to serve an estimated
cumulative consumer base of over 100 million mobile subscribers as of
today compared to 40 million per June 30, 2006.
Financial results for the first half-year 2007 will be announced
by press release at 0700hrs CET on September 25, 2007, and presented
at a media and analyst conference at 09:30hrs CET the same day at SWX
Swiss Exchange ConventionPoint in Zurich/Switzerland.
This communication contains forward-looking statements based on
current expectations and assumptions of the company's management only,
and involves certain risks and uncertainties. The forward-looking
statements contained herein could be substantially impacted by risks
and influences that are not foreseeable at present, so that actual
results may vary materially from those anticipated, expected, or
projected. Esmertec disclaims any intention or obligation to update
and revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
About Esmertec
Esmertec is a focused provider of software and services to
communications device manufacturers and mobile telecom operators. The
company provides software platforms that enable the deployment of
content and applications in devices and over servers. Customers
include mobile telecom operators and manufacturers of mobile handsets,
set-top boxes and interactive televisions. Esmertec's software and
service capabilities excel with their reliability as well as fast and
local execution. Founded in 1999, Esmertec is headquartered in
Zurich-Switzerland with subsidiaries in China, France, South Korea,
and the USA, and offices in Taiwan and the UK. Since 2005, Esmertec
has been listed on the SWX Swiss Exchange (ESMN). www.esmertec.com
Esmertec and Jbed are trademarks of Esmertec AG.
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Other company, product and service names may be trademarks of
their respective owners
