Bridgewater Systems Announces Three-Year Contract with Verizon Wireless
Bridgewater to deploy integrated solution to help Verizon Wireless manage data
services delivery
Asia, Pacific – June 10, 2008 – Bridgewater Systems (TSX: BWC) recently announced
that it has been awarded a three-year contract to supply Verizon Wireless with a
fully integrated subscriber data management and service control solution for
its award-winning network. The agreement
will result in an initial value of approximately $30 million.
The
integrated solution combines Bridgewater’s
carrier-grade software with third-party hardware and software, and services to
provide the performance, capacity, scalability and resiliency needed to support
data services delivery. Bridgewater expects
to begin delivering the solution in the fourth quarter of 2008.
“This contract deepens our
relationship with Verizon Wireless and provides a robust solution to support
the delivery of data services across its national network,” said Ed
Ogonek, president and CEO of Bridgewater Systems.
“Providing our software as part of an integrated solution represents a growth
opportunity for our company, with Verizon Wireless serving as a flagship
customer.”
Bridgewater’s
integrated solution will provide the service control foundation to support data
services delivery across Verizon Wireless’ network and at a regional level. By
centralizing subscriber data management for a broad set of revenue-generating
data services, Verizon Wireless can leverage a unified view of subscribers
across its entire network.
In addition to the integrated
solution, Bridgewater will
provide expert systems integration and professional services to assist in
securing the reliability and resiliency of the IP network, including network
architecture and capacity planning, implementation and support services.
About Bridgewater Systems
Bridgewater Systems develops subscriber-centric
service control solutions, including access control and policy management
software for fixed, mobile and converged networks. Using Bridgewater solutions, global service providers can
offer personalized services and experiences to their subscribers by maintaining
a real time policy that controls how subscribers interact with networks,
services, and their devices. Vendor-neutral and access network agnostic, Bridgewater’s carrier-class solutions help global
service providers launch new services faster, target them more accurately, and
maximize profits by creating a decision point that brings dynamic subscriber
context to controlling and merchandizing the subscriber interaction with
IP-based services. More than 100 leading service providers around the globe
trust Bridgewater's technology to help them deliver
world-class services. www.bridgewatersystems.com
Certain statements in this release constitute
forward-looking statements or forward-looking information within the meaning of
applicable securities laws and are made pursuant to the “safe harbour”
provisions of such laws. Statements related to potential benefits of, and
demand for, Bridgewater’s products including statements
with respect to the features and benefits that may be achieved through the use
of Bridgewater’s products and the relative
position of these products vis-à-vis competitive offerings in the industry are
forward-looking statements which are subject to certain assumptions, risks and
uncertainties. Readers are cautioned not to place undue reliance on such
statements. Risk factors that may cause the actual results, performance or
achievements of Bridgewater to differ materially from the
results, performance, achievements or developments expressed or implied by such
forward-looking statements can be found in the public documents filed by Bridgewater from time to time with Canadian
securities regulatory authorities. Bridgewater assumes no obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For more information, please
contact:
Investor Relations Contacts:
Bridgewater Systems
Kim Butler
Chief Financial Officer
kim.butler@bridgewatersystems.com
613-591-9104 ext 6023
Investor Relations
The Equicom Group Inc.
Vanessa
Beresford
vberesford@equicomgroup.com
416-815-0700
