Peak Positioning Technologies Inc.

Peak Positioning Technologies Inc.

June 27, 2012 08:00 ET

Peak and LongKey Release AiNi™ 3.2 Mobile Cloud Platform

MONTREAL, QUEBEC--(Marketwire - June 27, 2012) - Peak Positioning Technologies Inc. ("Peak") (TSX VENTURE:PKK) and its Chinese partner, LongKey-Hong Kong Ltd. ("LongKey") today announced the commercial release of their second-generation AiNi™ (Access Information Networks Instantly) Mobile Cloud Platform for smartphones, tablets and other mobile computing devices.

AiNi™ 3.0, the predecessor of AiNi™ 3.2, was released in April 2012 as a pilot project in Jiangsu province. Feedback from that pilot has since been incorporated into AiNi™ 3.2, which also adds new features and corrects some minor bugs affecting specific mobile device models. New AiNi™ 3.2 features include: an improved contacts editor, faster response time and reduced energy consumption, as well as streamlined access to Chinese social media sites.

"The AiNi™ platform was originally aimed at the business customer looking to use mobile devices and cloud computing to help manage their operations," said Johnson Joseph, President and CEO of Peak. "With AiNi™ 3.2 we have retained and improved upon the business-oriented features and the platform's overall performance, but most importantly, we now make it more convenient to access and use social media networks, which brings a consumer angle to the platform," he added.

"The decision to add the social media functionally to the AiNi™ platform came at the request of one of our telecom partners," said Alex Wang, President and CEO of LongKey. "AiNi™ 3.2 opens the door for us to the Chinese consumer smartphone market and now makes the platform ready for large-scale deployment," he went on to say.

LongKey and one of its telecom partners are currently finalizing the terms of an AiNi™ 3.2-based large-scale pilot project which is planned for the third quarter of this year.

About the Chinese Telecom market:

China is the world's largest mobile phone market with over 1.01 billion mobile subscribers as of March 2012 according to the Ministry of Industry and Information Technology of the People's Republic of China and based on published data from China's three largest telecom service providers. Since 2008, the Chinese government has made a concerted effort to increase the use of 3G technology in China and the Chinese smartphone market is growing dramatically. U.S.-based International Data Corporation recently released a report indicating that China will account for 20.7%, or 137 million, of the projected 660 million global smartphone shipments in 2012, leapfrogging the United States to also become the biggest smartphone market in the world, measured by annual shipments.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. (TSX VENTURE:PKK) is a Canadian software developer for smartphones and other mobile computing devices, conducting business primarily in China and North America. In association with its partner, LongKey-Hong Kong Ltd, the company has developed a suite of applications for mobile devices that includes: cloud-based calendar, e-mail and contacts synchronization, automated device configuration, and HomeWaveä mobility security. While LongKey markets the applications in China through its partnerships with major Chinese telecommunication companies and banks, Peak plans to similarly market the applications for its own account in North America. For more information:

About LongKey-Hong Kong Ltd.:

LongKey Hong Kong Ltd., through its subsidiary LongKey Software Technology Ltd., provides a wide range of IT solutions, and cloud-based business management and mobile applications based on its proprietary Unified Information Services Platform (UISP). LongKey's applications are distributed to end-users in China by some of China's largest telecom and banking entities. For more information:

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