MobileMax gets license order from new US customer

The share jumped 40% by midday.

MobileMax Technologies Ltd. (TASE:MBMX) has received its first order for licenses to its unified communications software product from San Francisco-based DeFi Mobile Ltd. The order is worth about NIS 1.58 million (about $400,000).

DeFi will pay part of the amount when order is delivered and the balance in installments. The order was made through MobileMax's US subsidiary, which will record the revemue over the coming year.

DeFi provides unlimited global voice and data connection service to business and private customers, irrespective of location, handset, or local network. DeFi will use MobileMax's solution to launch a low-cost dialing service from cellular telephones to its customers in various countries.

MobileMax's share jumped 40.4% by midday to NIS 0.19.

Published by Globes [online], Israel business news - www.globes-online.com - on July 22, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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