Corsair Enters South American Market with Sale of PhonePrint 5.0 to Telcel in Venezuela; Telcel to Deploy Fraud Protection Nationwide.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.,--(BUSINESS WIRE)--Oct. 29, 1998--Corsair Communications Inc. (Nasdaq:CAIR CAIR Council on American-Islamic Relations CAIR Clean Air Interstate Rule (EPA) CAIR Center for AIDS Intervention Research CAIR Changing Attitudes in Recovery CAIR California Association for Institutional Research ) today announced that it has signed a contract with Telcel Celular, C.A., the A-band carrier for Venezuela, for nationwide deployment of PhonePrint(R) 5.0. PhonePrint is one of the cellular industry's leading fraud prevention systems, which uses RF fingerprinting to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. legitimate customers and disconnect cloned phones. PhonePrint is installed in over 160 cellular markets worldwide; this is the first installation in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . PhonePrint 5.0 is a new release that delivers performance improvements and enhanced operational capabilities. The three-year contract could save millions of dollars in fraud reduction for Telcel. Telcel is the largest carrier in Venezuela and, with more than one million subscribers, holds greater than 64 percent market share. Deployment will be initiated in metropolitan Caracas in November, with deployment to other regions following shortly afterward. "After investigating many different fraud solutions," said Mario Lizaso, corporate group president of Telcel, "we chose PhonePrint due to its ease of deployment and administration and its transparency to the customer. It is important to us to protect our customers from cloning fraud and to make it as easy for them as possible to get the benefits of this new system," he added. "PhonePrint requires no action on the part of the end user, and yet it offers extremely effective protection from cloning fraud." In a number of major markets around the world, PhonePrint has reduced cloning fraud by as much as 95 percent. In addition to protecting subscribers from cloning in their home market, PhonePrint is also able to protect against roaming fraud through the PhonePrint Roaming Network. Corsair corsair: see Barbary States; piracy. is a leading provider of software and system solutions for the wireless industry. The company's products include systems for fraud prevention and churn reduction, customer care and billing, and wireless location. Note: This press release may contain 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 involve risks and uncertainties. Actual results may differ materially because of various risks, including risks associated with product sales and installation, economic and political instability in international markets, fluctuations in foreign currency exchange rates, possible difficulty in collecting accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , and other risks associated with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . For an expanded discussion on such risks, please see the documents filed by Corsair Communications with the U.S. Securities and Exchange Commission. PhonePrint is a registered trademark of Corsair Communications. Other trademarks are trademarks of their respective owners. |
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