Mobile integration solutions developer MobileMax Technologies Ltd. (TASE:MBMX) today announced a framework agreement with what it called "one of the world's largest telecommunications companies", whose name it declined to disclose. MobileMax won the company's tender to supply a fixed mobile convergence solution.
MobileMax has already received two orders, worth about NIS 2 million altogether, from this customer this year.
Under the new order, the customer will market MobileMax's solution. Payments will be made on a per-use basis. MobileMax promised to provide customer services for up to three years after the contract expires, for payment.
MobileMax CEO Raanan Cohen said, "This order from an international telecommunications provider, which follows NIS 2 million in orders from this customer, is a great boost to the company's business both in terms of customer size and activity. MobileMax's recognition as the vendor by the one of the world's largest telecommunications providers can help us approach other leading customers."
MobileMax's share rose 10.2% by midday to NIS 0.84, giving a market cap of NIS 34 million.
Published by Globes [online], Israel business news - www.globes-online.com - on December 9, 2009
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