Verizon Wireless In Agreement With Bridgewater Systems for Network Products
and Services Valued at US$ 56 Million
OTTAWA, ONTARIO – December 16, 2010 – Bridgewater Systems (TSX: BWC), the mobile personalization company, today announced a new four-year framework agreement with Verizon Wireless under which Bridgewater will provide products and services for Verizon Wireless’ network expansion. The value of the agreement between the parties is approximately US$ 56 million.
“Verizon operates the nation’s largest and most reliable 3G network – and starting this month the world’s first large-scale 4G LTE network. We are committed to technologies that will ensure our customers an optimal, secure, and personalized mobile broadband experience,” said Ed Chan, Vice President, National Network Operations at Verizon Wireless. “Bridgewater has demonstrated the ability to meet our performance and scalability requirements as we expand our network to deliver advanced mobile broadband services.”
Under the agreement, Bridgewater will provide mobile control solutions as well as maintenance and support services for all current and future 3G solutions. In addition, the agreement provides the framework for Bridgewater to deliver new products and services to support Verizon Wireless’ ongoing network expansion across multiple access networks.
“Verizon Wireless is a long-standing customer and we look forward to supporting them as they grow their networks and continue to deliver market-leading mobile broadband and machine-to-machine services across their footprint,” said Ed Ogonek, President and CEO of Bridgewater Systems.
About Bridgewater Systems
Bridgewater Systems, the mobile personalization company, enables service providers to efficiently manage and profit from mobile data services, content and commerce. The company’s market leading mobile personalization portfolio provides a real-time, unified view of subscribers including entitlements, devices, networks, billing profiles, preferences and context. Anchored by Bridgewater’s Subscriber Data Broker™, the portfolio of carrier-grade and standards-based products includes the Bridgewater® Service Controller (AAA), the Bridgewater® Policy Controller (PCRF) and the Bridgewater® Home Subscriber Server (HSS). More than 150 leading service providers including America Movil, Bell Canada, Clearwire, Cox, Hutchison Telecom, Iusacell, Scartel, SmarTone-Vodafone, Sprint, Tata Teleservices, Tatung, Telmex, Telstra, and Verizon Wireless use Bridgewater’s solutions to rapidly deliver innovative mobile services to over 150 million subscribers. For more information, visit us at www.bridgewatersystems.com.