ENGLEWOOD, CO--(Marketwire - October 22, 2009) - Evolving Systems, Inc. (
NASDAQ:
EVOL)
-- 1 customer in 2007, 2 in 2008 and 4 in 2009
-- Customers in Asia, Africa, Europe and Latin America
-- Partnering with the world's leading SIM card manufacturers
-- Currently averaging more than 1/2 million allocations a month
Evolving Systems, Inc. (
NASDAQ:
EVOL), a leading provider of software
solutions and services to the wireless, wireline and cable markets, today
announced that the Company's pioneering Dynamic SIM Allocation™ solution
has activated more than 3 million prepaid SIM cards worldwide, underlying
its success in delivering a compelling alternative to the traditional
pre-provisioning model.
"Evolving Systems' Dynamic SIM Allocation solution not only provides
significant cost savings by simplifying the SIM supply chain and optimizing
network capacity, it can also be a new revenue stream for operators
looking to enhance the customer experience and provide a competitive edge,"
said Stuart Cochran, CTO of Evolving Systems. "By allowing for a massive
increase in SIM card supply, without the normal costs and complexity,
operators benefit from a more flexible supply chain, quicker launch of
tariffs and other promotions, better utilization of numbers,
differentiation through number selection and more effective dealers."
"Three of our Dynamic SIM Allocation solution customers are already in
production, including Telefónica Móviles México and MTN South Africa, with
the remaining African and Southeast Asian operators due to go live next
year," commented Thad Dupper, president and CEO of Evolving Systems.
"Dynamic SIM Allocation provides a simple, efficient and cost-effective
solution helping operators make better use of network capacity and build a
competitive edge in a crowded marketplace. Our rapidly expanding customer
base highlights the solution's appeal to wireless operators worldwide."
About Dynamic SIM Allocation
Dynamic SIM Allocation solution is a new way of activating phones, which
removes the inefficiencies of pre-provisioning, avoids the costs associated
with large numbers of inactive SIM cards, and enables wireless carriers to
offer an enhanced end-user experience. Evolving Systems' Dynamic SIM
Allocation solution can help:
-- Optimize use of core network capacity
-- Provision only on first use of SIM cards
-- Improve SIM Card Supply Flexibility
-- With improved geographic mobility of SIM cards
-- Improved MSISDN Utilization
-- By provisioning numbers at first use of the SIM card
-- Increase revenue by enhancing user experience
-- Offer choice and personalization on first use
About Evolving Systems®
Evolving Systems, Inc. (
NASDAQ:
EVOL) is a provider of software and services
to more than 70 network operators in over 40 countries worldwide. Its
portfolio includes market-leading products for Service Activation, Service
Verification, Dynamic SIM Allocation, Number Portability, Number Inventory
and Mediation solutions. 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.
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 information described in this press release and the ability of Evolving
Systems' solutions to handle future needs of the customers 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
11, 2009, as well as subsequently filed Forms 10-Q, 8-K and press releases
and the Company's website at
www.evolving.com.
Contact Information: Investor Relations:
Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
303.393.7044
Evolving Systems
Sarah Hurp
Marketing Manager
+44 (0)1225 478060
Press Relations:
Hayley Cheshire/Sharon Entwistle
The Whiteoaks Consultancy
+44 (0)1252 727313