SAMSUNG MOBILE PHONES TO SUPPORT TELEMAC-ENABLED(tm) SIMs
LOS ANGELES, CALIFORNIA - March 24, 2003 - Samsung Electronics Co., Ltd. and Telemac Corporation, the leader in network-edge real-time accounting and billing technologies for the wireless industry, have entered into a licensing agreement under which Samsung will extend the performance of the SIM Application Toolkit in selected Samsung wireless devices to interoperate with a Telemac-enabled(tm) SIM.
Samsung wireless devices incorporating Telemac-enabled(tm) SIMs will fully support Telemac CostControl(tm) technology. Telemac CostControl(tm) technology substantially reduces a wireless operator’s cost of offering both prepaid and post-paid spending limits programs by eliminating most infrastructure elements and by reducing non-revenue generating network traffic associated with requests for updated billing information.
Kenin M. Spivak, chairman and CEO of Telemac Corporation, said: “We are extremely pleased to be associated with Samsung and its innovative market-leading practices. Samsung’s trend-setting mobile phones equipped with Telemac’s state-of-the-art billing solutions will provide wireless operators worldwide with significant advantages such as seamless national and international roaming, and inexpensive scalability.”
Samsung is currently third among handset manufacturers in world market share and is the third-largest handset manufacturer in the United States.
Telemac has licensed Telemac CostControl(tm) technology to wireless operators on six continents. Nearly 15,000,000 Telemac-enabled™ mobile phones have been sold worldwide.
About Telemac Corporation
Telemac Corporation is the global leader in advanced network-edge real-time accounting, billing, and payment processing technologies for the wireless industry. The Telemac Advantage(r) solution is a real-time billing system supporting all voice and data services operating on 2G, 2.5G, and 3G networks. Telemac technology is protected by worldwide patents and is licensed to wireless operators on six continents, four of the top five handset manufacturers and three of the top four SIM manufacturers, among others. The Telemac Advantage(r) solution is available in a range of service bureau and on-site deployment options. Nearly 15,000,000 Telemac-enabled(tm) mobile phones have been sold worldwide. For more information, visit www.telemac.com.
About Samsung Electronics
Samsung Electronics Co. Ltd. is a global leader in semiconductor, telecommunication, and digital convergence technology. Samsung Electronics employs approximately 64,000 people in 90 offices in 47 countries. The company is the world’s largest producer of memory chips, TFT-LCDs, CDMA mobile phones, monitors and VCRs. Samsung Electronics consists of four main business units: Digital Media Network, Device Solution Network, Telecommunication Network and Digital Appliance Network Businesses.
For more information, please visit http:// www.samsungelectronics.com.
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Any statements released herein that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risks and uncertainties, which may affect business prospects and performance. Actual results may differ materially from the results predicted, and reported results should not be considered an indication of future performance. Potential risks and uncertainties may include economic, competitive, governmental, technological, or other factors.
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For further information, contact:
Telemac Corporation
Traci L. Collins
Director - Corporate Communications
Tel: +1.310.568.6585
Fax: +1.310.216.3426
media@telemac.com
For Telemac Sales Worldwide
sales@telemac.com
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