Oberthur Technologies and Evolving Systems to Deliver Dynamic Smart HLR in Saudi Arabia

LEVALLOIS, FRANCE and ENGLEWOOD, CO--(Marketwire - Jun 5, 2012) - Oberthur Technologies, a leading provider of security and identification solutions and services based on smart card technologies, and Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced that a leading mobile operator in Saudi Arabia has selected the Smart HLR solution of Oberthur Technologies to provide on-device activation and service personalization to its customers.

The solution streamlines SIM logistics helping mobile operators to reduce the costs related to phone number acquisition and network resource allocation by deferring the SIM card activation when it is first placed in the phone. While offering an enriched user experience for mobile broadband services -- easy prepaid registration, intelligent SIM swap and locking -- the Saudi Arabian mobile operator will be able to highly simplify the end-user experience by enabling language selection, number choice, tariff plans and promotions directly through the handset at the time of first use.

"In a more and more competitive environment, optimizing the process of SIM ordering, distribution and provisioning is key for mobile operators. Combining Oberthur Technologies' undisputed knowledge in this field in the delivery of value added services to mobile operators and its sales network together with Evolving Systems carrier grade Dynamic SIM Allocation™ solution has led once again to a significant commercial success," said Thierry Siminger, Managing Director, Russia, Middle-East, Africa at Oberthur Technologies.

"We are very pleased to have been selected for this important customer project along with our partner Oberthur Technologies," said Thad Dupper, President and CEO at Evolving Systems. "Our patented DSA solution continues to capture market share as wireless carriers recognize the benefits we can offer in terms of improved go-to-market cycle times for their SIM-based products as well as bringing unrivalled savings to their SIM card supply chain."

About Oberthur Technologies
Oberthur Technologies is a world leader in the field of secure technologies: systems development, solutions and services for smart cards (payment cards, SIM cards, access cards, NFC...) and for secure identity documents, traditional and electronic (identity card, passport, health care card). Created in 1984, Oberthur Technologies employs 5,700 employees. With 50 sales offices across 5 continents, Oberthur Technologies' international network serves clients in 140 countries.
For more information: www.oberthur.com

Contacts Oberthur Technologies

Oberthur Technologies
Stéphanie Cau, Communication Director
Tel. : +33 1 47 85 58 06
Email : s.cau@oberthur.com

FTI Consulting Strategic Communications

Yannick Duvergé
Tel. : +33 1 47 03 68 65 / +33 6 74 91 48 05
Email : yannick.duverge@fticonsulting.com

Guillaume Granier
Tel. : + 33 1 47 03 68 61 / + 33 6 32 65 79 28
Email : guillaume.granier@fticonsulting.com

About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to 50 network operators in over 40 countries worldwide. The Company's product portfolio includes market-leading activation products that address subscriber service activation, SIM card activation, mobile broadband activation as well as the activation of connected devices. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, 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 and ability of Evolving Systems' DSA solution to handle future needs of 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 8, 2011, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's website at www.evolving.com.