ACE*COMM Awarded Patent for Creation of Technologies for Telecommunications Operations.GAITHERSBURG, Md. -- ACE*COMM Corporation (Nasdaq: ACEC ACEC American Council of Engineering Companies (formerly American Consulting Engineers Council) ACEC American Consulting Engineers Council (now American Council of Engineering Companies) ) a provider of advanced technology solutions for telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. , today announced that the U.S. patent office awarded the Company a patent covering essential technologies underlying a number of the solutions ACE*COMM offers customers. These solutions, which strengthen ACE*COMM's position in the OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. telecom market, encompass the areas of Billing, Mediation, and Service Delivery. Jim Greenwell, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ACE*COMM, commented, "ACE*COMM's patented data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a technology includes a high performance, configurable mediation engine that can be easily adapted to process usage measurement events into billable records. The same system can also be used as a trigger mediation system for the application of business rules when handling signaling or transactional events for access controls. This technology has served as the backbone for ACE*COMM's traditional mediation products such as OpenARMS, N*USAGE[R] and N*VISION[R]. We continue to refine our existing products through technology advances and innovative thought." ACE*COMM's patent is for a "NETWORK SERVICES PROVIDER PLATFORM FOR SUPPORTING USAGE-SENSITIVE BILLING AND OPERATION SERVICES." It protects the proprietary methods and practices used by ACE*COMM in the covered products and services that the Company delivers to customers against the use or replication of these technologies by others. It also marks the calendar time when the technologies were invented and establishes the precedence of this particular intellectual property for use in defending any future claims. About ACE*COMM Corporation ACE*COMM is a global provider of advanced operations support systems Operations Support Systems (also called Operational Support Systems or OSS) are computer systems used by telecommunications service providers. The term OSS most frequently describes "network systems" dealing with the telecom network itself, supporting processes such and value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. for managed mobility applications that advance personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. and enable service providers and enterprises to realized greater revenue with minimum time or cost to market. Via a suite of service delivery solutions, ACE*COMM delivers the customizable, platform independent and easily deployed tools that directly impact the user's bottom line. ACE*COMM's service delivery solutions provide mobile service providers with award-winning, in-demand consumer-oriented products that help achieve and sustain market share and generate new revenue. ACE*COMM is headquartered in Gaithersburg, Maryland, with European headquarters in London, and offices around the world. For further information visit http://www.acecomm.com. Except for historical information, the matters discussed in this news release include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including, but not limited to: the failure of anticipated demand to materialize, delays or cancellations of orders due to various factors, including business and economic conditions in the U.S. and foreign countries; industry-wide slowdowns, any limitations on customers' financial resources, the continued convergence of voice and data networks, the continuing success of the Company's strategic alliances for product development and marketing, customer purchasing and budgetary patterns or lack thereof; pricing pressures and the impact of competitive products; the timely development and acceptance of new products; the Company's ability to adequately support its operations, and other risks detailed from time to time in the Company's Report on Form 10-Q Form 10-Q See 10-Q. and other reports filed with the Securities Exchange Commission. |
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