Lightbridge and Corsair Form Strategic Alliance and Establish a Joint Distribution Agreement.
NEW ORLEANS--(BUSINESS WIRE)--Feb. 28, 2000
Leading Wireless Solution Suppliers to Integrate
and Market Products and Technologies
CTIA Wireless 2000-Booths #5215 (Corsair) and #2137 (Lightbridge)--Corsair Communications, (Nasdaq:CAIR) a leading provider of real-time business solutions for the global wireless industry, and Lightbridge, Inc., (Nasdaq: LTBG), a leading provider of customer acquisition, retention and risk management solutions for the converged telecom market, today announced a new strategic alliance and joint distribution agreement. Under the terms of the agreement, the companies will co-market and sell their respective products into key markets, including the United States and Latin America. The two companies plan to jointly develop new product offerings integrating real-time billing and rating technology from Corsair with Web-based provisioning and customer management technology from Lightbridge.
"This new partnership will provide immediate benefits to wireless carriers by allowing them to quickly enhance their service offerings," stated Tom Meyer, president and chief executive officer at Corsair Communications. "Lightbridge and Corsair have the right combination of real-time technologies, established channels, and commitment to customer satisfaction to help carriers deliver new strategic technologies like integrated prepaid services and mobile commerce."
"The partnership of Lightbridge and Corsair will provide a streamlined process for carriers to quickly acquire prepaid subscribers from the entire range of distribution channels including retail stores and the Web," said Pamela D.A. Reeve, president and chief executive officer at Lightbridge. "Based upon the trend of converged billing, we believe it is important to have flow through provisioning for both prepaid and post-paid billing systems."
Lightbridge, Inc. (Nasdaq: LTBG), based in Burlington, Mass., is a leading provider of software, transaction management and consulting services that help telecom carriers quickly acquire customers and retain them over time. Lightbridge has a flexible solution for service provisioning and customer interaction in the converged telecom market. The Company provides a fully integrated workflow and transaction management process for carrier business operations necessary to quickly initiate bundled service offerings to high value, low risk customers. Lightbridge's Telesto(R), a network of integrated customer acquisition, retention and risk management solutions, leverages these provisioning capabilities with best-in-class credit, fraud, churn, channel and market performance offerings. Lightbridge's clients include ALLTEL Communications, AT&T Wireless Services, CTBC Telecom, Global Telecom, KG Telecom, Omnipoint Communications, Orange plc, Powertel, Sprint PCS, TeleCorp PCS, Telia Telecom A/S, TM Touch, Triton PCS and Western Wireless. Visit http://www.lightbridge.com for more information.
About Corsair Communications
Corsair Communications, Inc. (Nasdaq: CAIR) headquartered in Palo Alto, California, is a leading provider of real-time business solutions for the global wireless industry. The product portfolio includes PhonePrint(R), PrePay(TM), PrePay Open(TM) and PhoneFuel(TM). PhonePrint is currently installed in more than 180 markets worldwide and has prevented more than 300 million fraudulent cellular calls. PrePay, the company's real-time wireless billing system, is now installed in over 12 markets and supports more than 7 million wireless subscribers.
Note: This press release contains forward-looking statements regarding the future financial performance of the company, as well as future products that involve risks and uncertainties. Actual results may differ materially because of various risks, including risks associated with product sales and installation, the ability to develop and bring new products to market, successful completion of potential transactions, economic and political instability in international markets, demand for Lightbridge's and Corsair's products and services, continued growth of the wireless telecommunications industry, and other risks associated with Corsair's and Lightbridge's businesses. For an expanded discussion on such risks, please see the documents filed by Lightbridge and Corsair Communications with the U.S. Securities and Exchange Commission.
Lightbridge and Telesto are registered trademarks and the Lightbridge logo is a trademark of Lightbridge, Inc. All other trademarks and registered trademarks are the properties of their respective owners.
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|Date:||Feb 28, 2000|
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