REDKNEE SECURES NEW CUSTOMER


 

TIDMRKN 
 
RNS Number : 9073L 
Redknee Solutions Inc. 
20 January 2009 
 
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For Immediate Release? 
                                        20 January 2009 
 
 
 
Redknee Solutions Inc. 
("Redknee" or "the Company") 
 
 
Redknee Secures New Customer - Powers Personalized Services for North American 
Tier-One Communications Service Provider 
 Multi-million dollar Contract will ENABLE subscribers to personalize their 
wireless experience 
 
 
TORONTO - January 20, 2009 - Redknee (TSX/AIM: RKN), a leading provider of 
mission-critical software and solutions for communications service providers, 
today announced that a North American tier-one communications service provider 
has awarded Redknee a multi-million dollar contract for a solution that will 
enable its wireless subscribers to gain greater control over their mobile 
experience by being able to set individual user limits and preferences for 
voice, text, and data services. The company anticipates that the bulk of the 
revenue from this contract will be recognized during fiscal 2009. 
 
 
By allowing wireless subscribers to personalize individual settings within 
their family or corporate accounts, subscribers can control costs, better manage 
time, and help keep adult and other inappropriate content off of the handset. 
Families can help ensure a safer wireless experience with better control over 
monthly bills, while corporate users can reduce costs and protect accounts from 
misuse or abuse. 
 
 
This solution is part of Redknee's new Next Generation Rating and Charging 
portfolio, which allows network operators to effectively differentiate 
themselves from their competitors, while boosting consumer loyalty and customer 
satisfaction. 
 
 
Lucas Skoczkowski, CEO of Redknee, commented: 
 
 
"We are delighted to have secured this contract to provide a leading U.S. 
operator with a solution from our Next Generation Rating & Charging 
portfolio.Redknee, with its real-time capabilities, continues to gain market 
share in the growing wireless segment. Additionally, we are also focused on 
addressing the needs of fixed, broadband, and satellite operators - further 
increasing our addressable market opportunities. Redknee's strategy is to 
leverage the strength of our solutions to pursue the high growth markets of 
Africa, the Middle East and Asia Pacific, while addressing growth segments of 
Tier-1 operators in Europe and North America." 
 
 
For more information about Redknee, visit www.redknee.com. 
 
 
About Redknee: 
Redknee is a leading global provider of innovative communication software 
products, solutions and services. Redknee's award-winning solutions enable 
operators to monetize the lifetime value of each subscriber transaction while 
personalizing the subscriber experience to meet mainstream, niche and individual 
market segment requirements. Redknee's revenue generating solutions provide 
advanced converged billing, rating, charging and policy for voice, messaging and 
new generation data services to over 70 network operators in over 50 countries. 
Established in 1999, Redknee Solutions Inc. (TSX/AIM: RKN) 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/ 
 
 
Caution Regarding Forward-Looking Information: 
This release contains forward-looking information within the meaning of 
applicable securities laws ("forward-looking statements") that relate to 
Redknee's preliminary unaudited estimate of revenue expected to be recognized in 
fiscal 2009 from a purchase order.  Such forward-looking statements are not 
promises or guarantees and involve known and unknown risks, uncertainties and 
other factors and assumptions that may cause the actual results, performance or 
achievements of Redknee, or developments in Redknee's business or industry, to 
differ materially from the anticipated results, performance or achievements or 
developments expressed or implied by such forward-looking statements. Such 
factors include, but are not limited to: technological change and changes in the 
industry in which Redknee competes; changing global economic conditions and 
uncertainties; the impact of foreign currency exchange rates; credit and 
collection risk; departure of key personnel; departures of key customers; and 
other risks detailed from time to time in the Company's filings with the Ontario 
Securities Commission including Redknee's Annual Information Form dated for the 
fiscal year ended September 30, 2007.  Readers are cautioned not to place undue 
reliance upon any such forward-looking statements, which speak only as of the 
date made. Forward-looking statements are provided for the purpose of providing 
information about management's current expectations and plans relating to the 
future.  Readers are cautioned that such information may not be appropriate for 
other purposes.  Redknee does not undertake or accept any obligation or 
undertaking to release publicly any updates or revisions to any forward-looking 
statements to reflect any change in its expectations or any change in events, 
conditions or circumstances on which any such statement is based, except as 
required by law. 
 
 
For additional information please contact: 
 
 
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| Media Relations Contact:             | Financial Public Relations :         | 
| US: Simon Marshall                   | Jeremy Garcia                        | 
| Mi liberty                           | Buchanan Communications              | 
| +1 770 919 7366                      | +44 (0) 20 7 466 5000                | 
| smarshall@miliberty.com              | jeremyg@buchanan.uk.com              | 
| EMEA: Ashleigh Young                 | Redknee Solutions:                   | 
| Mi liberty                           | Colley Clarke, Chief Financial       | 
| +44 20 7751 4444                     | Officer                              | 
| ayoung@miliberty.com                 | +1 905 625 2604                      | 
| Mark Yaphe, Vice President, Product  | colley.clarke@redknee.com            | 
| Management & Marketing               |                                      | 
| +1 905 625 2298                      |                                      | 
| mark.yaphe@redknee.com               |                                      | 
| Nomad:                               |                                      | 
| Canaccord Adams Limited              |                                      | 
| Ryan Gaffney/Andrew Chubb            |                                      | 
| +44 (0) 207 050 6500                 |                                      | 
|                                      |                                      | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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