CounterPath Announces Licensing Agreement With European Carrier
Vancouver, BC, Canada — July 23, 2015
CounterPath Corporation (NASDAQ: CPAH) (TSX: CCV), a developer of award-winning over-the-top (OTT) Unified Communications solutions for enterprises and operators, today announced that a European carrier offering highly secure telecommunication services has selected CounterPath’s Bria Mobile Edition softphones. Under the terms of the agreement, the service provider has initially purchased over $800,000 of CounterPath software and services over the last few quarters, and is now preparing to distribute Bria Mobile Edition softphones to its customers.
According to Forrester Research, there will be over 3.5 billion smartphone subscribers worldwide by 2019, with smartphone penetration exceeding 50% of the global population in 2017. With the rise of Bring-Your-Own-Device (BYOD) programs at work, telecommunication fraud and “hacktivism” have become increasingly common with total losses exceeding $40 billion in value annually according to Cisco. These large losses are driving businesses, governments and consumers towards secure mobile voice and data services, as they aim to protect their corporate assets and reputations from third-party intrusions.
“We are excited to partner with our new customer, an innovative carrier offering secure communications services to its customers,” said Terry Meredith, Vice President of EMEA Sales at CounterPath. “Their business strategy aligns with current trends as corporations and governments are increasingly insulating themselves against third-party threats that could damage their brands or cause real losses in terms of missed deals or stolen intellectual property. We have already delivered over $800,000 of software and services to the team, and look forward to supporting their business going forward.”
About CounterPath
CounterPath’s SIP-based VoIP softphones are changing the face of telecommunications. An industry and user favorite, Bria softphones for desktop and mobile devices, together with the Company’s server applications and Fixed Mobile Convergence (FMC) solutions, enable service providers, OEMs and enterprises to offer a seamless and unified communications experience across both fixed and mobile networks. Standards-based, cost-effective and reliable, CounterPath’s award-winning solutions power the voice and video calling, messaging, and presence offerings of customers such as Alcatel-Lucent, AT&T, Avaya, BroadSoft, BT, Cisco Systems, GENBAND, Metaswitch Networks, Mitel, NEC, Network Norway, Rogers and Verizon.
For more information about CounterPath’s Bria softphone applications and provisioning solutions, visit: mrkt-stg.counterpath.com/products.
Forward-Looking Statements
This news release may contain “forward-looking statements”. Statements in this news release which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, outlook, expectations or intentions regarding the future.
It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (1) general economic conditions as they affect CounterPath and its customer; (2) the Company’s ability to manage its operating expenses, which may adversely affect its financial condition, (3) the Company’s ability to remain competitive as other better financed competitors develop and release competitive products, (4) a decline in the Company’s stock price or insufficient investor interest in the Company’s securities which may impact the Company’s ability to raise additional financing as required or be delisted from a stock exchange on which its common stock trades, (5) the impact of intellectual property litigation that could materially and adversely affect CounterPath’s business, (6) the success by the Company of the sales of its current and new products, (7) the impact of technology changes on the Company’s products and industry, (8) the failure to develop new and innovative products using the Company’s technologies, and (9) the potential dilution to shareholders or overhang on the Company’s share price of its outstanding stock options. Readers should also refer to the risk disclosures outlined in the Company’s quarterly reports on Form 10-Q, or in the annual reports on Form 10-K, and the Company’s other disclosure documents filed from time-to-time with the Securities and Exchange Commission at http://www.sec.gov and the Company’s interim and annual filings and other disclosure documents filed from time-to-time on SEDAR at www.sedar.com.
Contact:
Steven Hards
Vice President, Investor Relations
Email: [email protected]
Tel: (604) 637-6498
