SOURCE: Solacia

Solacia

June 24, 2011 18:53 ET

Solacia Wins $16 Million USIM Card Deal With SK Telecom

SAN JOSE, CA--(Marketwire - Jun 24, 2011) - Solacia, a worldwide leader of USIM (Universal Subscriber Identity Module) technology, announced that it was selected to provide its USIM smartcards to SK C&C for SK Telecom, South Korea's largest mobile service provider. The contract to provide Solacia's NFC USIM and Combi USIM to SK Telecom beginning March 2012 is worth approximately $16 million (USD) which amounts to Solacia's total 2010 revenue. Both the NFC USIM and Combi USIM will enable many additional mobile services to SK Telecom's customer.

This historic deal for Solacia's USIM smartcards is the first in Korea and worldwide for USIM technology, setting a new precedence as many global mobile companies are preparing to adopt the NFC USIM technology to new mobile devices. Solacia unveils a plan for new convergence services based on NFC USIM technology to various industries, finance, security, transportation, and mobile telecommunications such as the previously announced contract with KT to provide Solacia's NFC USIM smartcards worth approximately $1.6 million (USD).

As the first developer of the USIM Combi smartcards applied to the real mobile industry (3G WDCMA) and a leader of WCDMA based on NFC USIM technology for mobile and transportation card payments, Solacia continues to develop cutting edge USIM technology such as the LTE USIM. Recognized by the ITU (International Electric Telecom Unit), LTE (Long Term Evolution) is said to be the future standard for 4G as many mobile companies are currently adopting LTE technology.

"There have been many technical debates between LTE and WiMAX for the standard of 4G, however, LTE has been clearly adopted as the standard and endorsed by North America's two largest mobile carriers and others around the world. There is no longer a debate for the 4G standard and the technical advantages of LTE but, rather how fast and effectively LTE can be applied in the market," said Mr. Seung Jin Park, Solacia COO.

Solacia has made a great deal of effort in the embedded software industry of Korea and awarded many patents for USIM smartcard technology based on mobile B2B and B2C. Solacia was recently certified with the CC (Common Criteria) for NFC USIM technology and is the first in the area of NFC to be awarded the EAL 4 level. The globally accepted CC certificate will ensure the security and stability proven by the government and is an essential factor for purchasing by government and other public sectors.

For the second year, Solacia will exhibit at the Singapore Communic Asia 2011 at Marina Bay Sands, Singapore, Booth# BH6-04~05 on June 21-24, 2011.

About SK Telecom
Headquartered in Seoul, South Korea, SK Telecom builds on its strong innovation, market leadership and global partnerships, to bring a host of exciting mobile technologies, such as Mobile in Vehicle, Smart Payment among others, to end-users in the international market. In Korea, SK Telecom is the leading wireless communications operator, serving more than 24 million subscribers, which is over 50% of the local mobile market.

About KT
Founded in 1981, KT is a prominent South Korean integrated wired/wireless telecommunication service provider. KT has an information & communications business, and is the market leader for the South Korean local telephone and high-speed Internet business.

About Solacia
Founded in 2000 and headquartered in Seoul, Korea, Solacia is the leading provider of convergence services and multi-function, single-chip solutions based on smart card technology for various industries, including mobile communications, banking, campus ID, and transportation. Solacia delivered the world's first successful commercial platform for high capacity dual interface cards (WCDMA-based USIM functions).