SOURCE: EVOLVING SYSTEMS

July 15, 2008 08:00 ET

Evolving Systems and Oberthur Technologies to Deliver SIM Solution to MTN

ENGLEWOOD, CO and PARIS--(Marketwire - July 15, 2008) - Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, and Oberthur Technologies, a leader in secure technologies, today jointly announced their combined project of delivering Dynamic SIM Solutions to MTN South Africa.

Dynamic SIM Allocation will enable MTN to distribute prepaid SIM cards more freely into their retail channels, and significantly enhance their capability to capture market share in this highly competitive market.

"Our Dynamic SIM Allocation solution provides carriers with a competitive advantage," said Thad Dupper, president and CEO of Evolving Systems. "Carriers like MTN South Africa will improve efficiency by limiting allocation of scarce and expensive resources to only SIM cards held by active end-users. The solution can also be used to enable prepaid customers to select their mobile phone numbers from a larger pool of numbers, via the handset at the time of first use."

Dynamic SIM Allocation removes the current constraints that mean every prepaid SIM card must be activated in the network, and have a telephone number associated with it, before distribution. MTN will order and distribute generic, un-activated SIM cards. When these SIM cards are put into a mobile phone and the phone is switched on for the first time, the solution automatically takes over the allocation of the required properties, taking into account the subscriber's needs and location.

"The majority of our customers are prepaid," said Fabio Caprin, Supply Chain General Manager for MTN South Africa. "Dynamic SIM Allocation will enable us to more effectively manage our prepaid number inventory, support marketing campaigns, and save significant costs that we currently incur by stocking pre-activated prepaid SIM cards."

Oberthur Technologies General Manager for Mobile Product Line Olivier Leroux said, "Our broad range of SIM based solutions are aimed at helping mobile network operators meet their business needs and thereby pass on the benefit to the end customers. We are pleased to offer our solutions to MTN in South Africa in partnership with Evolving Systems and demonstrate our capacity to provide business solutions to fast growing markets."

About the MTN Group

Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN." As at 31 March 2008, MTN recorded 68,2 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d'Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. The MTN Group is a global sponsor of the 2010 FIFA World Cup South Africa™ and has exclusive mobile content rights for Africa and the Middle East. Visit us at www.mtn.com and www.mtnfootball.com.

About Evolving Systems

Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to more than 65 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Activation, Dynamic SIM Allocation, Number Portability, Number Management and Mediation. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia. Further information is available on the web at www.evolving.com.

About Oberthur Technologies

With sales of 733.4 million Euros in 2007, Oberthur Technologies is a world leader in the field of secure technologies. Innovation and high quality services ensure Oberthur Technologies' strong positioning in its main target markets:

--  Smart cards: One of the world's leading providers of security and
    identification based on smart card technology and associated services, such
    as personalization, for the mobile, payment, identity, digital TV and
    transport markets.
    
--  Secure printing: The world's third largest private security printer,
    specializing in high security for the production and management of
    banknotes, passports and other identity documents in more than fifty
    countries.
    
--  Cash protection: World leader in the emerging market of equipments for
    smart cash transportation and ATM protection.
    

Close to its customers, Oberthur Technologies benefits from an industrial and commercial presence across all five continents. Oberthur Technologies is listed on the Eurolist section B stock exchange. Web site : www.oberthur.com.

CAUTIONARY STATEMENT

This news release contains "forward-looking statements" within the meaning of the United States' Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, Evolving Systems' statements about the impact of the contract described in this press release and the ability of Evolving Systems' solutions to handle future needs of the customer described in this press release, or other customers, are forward-looking statements. Readers should not place undue reliance on these forward-looking statements, and Evolving Systems may not undertake to update these forward-looking statements. Actual results could differ materially because of many factors, such as internal budgeting changes of customers; the impact of competition and the general state of the telecommunications industry.

For a more extensive discussion of Evolving Systems' business, please refer to the Company's Form 10-K filed with the U.S. SEC on March 13, 2008, as well as subsequently filed Forms 10-Q, 8-K and press releases.

Contact Information

  • CONTACTS:

    Investor Relations
    Jay Pfeiffer
    Pfeiffer High Investor Relations, Inc.
    +1 303 393 7044
    Email Contact

    Press Relations
    Sarah Hurp
    Marketing Communications Manager
    Evolving Systems
    +44 1225 478060
    Email Contact