SOURCE: Trade Wings, Inc.

Trade Wings, Inc.

July 20, 2011 07:00 ET

Trade Wings Sees Record Growth in Telecom Reuse for H1 2011

Company Extends Reuse Market Leadership With 36% Revenue Growth; Expands Customer Relationships and Surpasses 10 Million Network Assets Under Management

PORTSMOUTH, NH--(Marketwire - Jul 20, 2011) - Trade Wings, a global provider of software-enabled services for the creation of profitable Reuse Markets in the wireless communications industry, today announced record financial performance for its first half fiscal year ended June 30, 2011.

Growth in the use of Re:source® Visibility, Trade Wings' innovative self-service Reuse Cloud®, has enabled the company to expand its market share by helping telecom service providers manage the provisioning and disposition of rapidly evolving network infrastructures more profitably. Through shared intelligence of multi-vendor assets at every lifecycle stage, Re:source Visibility helps executives optimize telecom technology reuse, resale and recycling decisions for maximum financial gain.

Significant company achievements for H1 2011 include:

  • 36% increase in H1 2011 revenues year-over-year;
  • 34% increase in Re:source Visibility users, growing to more than 2,300 accounts;
  • 10 million telecom assets under management worldwide;
  • Expanded relationships with Telenor Group and three of the top five industry OEMs;
  • Increased support for outsourced reuse services with new facilities in Germany and Sweden.

"We advanced the business strategically, growing our footprint in several major accounts during the first half, and executed against every key metric operationally," said Mark Portu, President and COO of privately-held Trade Wings. "Our services are uniquely differentiated by the capabilities of our software which enhances client profitability through 'touch-it-once' disposition of excess and after-service material. This approach fuels significant cost reductions for telecom providers while optimizing revenues related to service delivery, asset resale or reclamation of precious metals at the component level."

During Q2 2011, Trade Wings also announced recognition by two leading business publications, including the prestigious, global Green 15 and Executive 100 "Greatest Supply Chain Projects" awards for reuse initiatives underway at Telenor Norway, one of Europe's largest mobile operators.

"Financial concerns related to network investments and asset recovery have become major focal points for our customers," added Portu. "In the first half of this year, approximately 70% of our revenues were derived from outside of North America as carriers and operators in key regions undertake extensive infrastructure upgrades to grow and compete. In many cases, assets are turned over before they are fully depreciated or reach end of life. As a result, we are now doing business in 60 countries across six continents, a 33% increase over 2010, and continue to invest heavily in our service portfolio, including significant software developments planned for Q3, 2011."

About Trade Wings
Driving momentum for Reuse in global telecom, Trade Wings transforms service chain profit models through the creation of Reuse Markets that optimize the lifecycle and revenue potential of existing network assets. Our software-enabled services deliver measurable financial and sustainability gains for the largest OEMs and carriers by combining universal asset intelligence with profit-driven frameworks for disposition of excess and end-of-life material. With millions of telecom assets under management, Trade Wings is headquartered in the United States with offices in Europe, the Nordics and Asia-Pacific. For more information, visit www.tradewings.com.

Trade Wings, Re:source Visibility and Reuse Cloud are registered trademarks of Trade Wings, Inc.
All other brand/trademarks are the property of their respective owners.

Contact Information