These capabilities are complementary to Intec’s current market leading position in intercarrier billing systems and, as part of the new agreement, will be sold as part of Intec’s InterconnecT range. Intec has already integrated Telmate products with its own systems, and has secured a contract approaching £500,000 in value with a European carrier, as part of its current distribution agreement. Telmate expects to generate revenues in excess of £700,000 and to record a small profit for the full year to 31 December 2004. Sales of Telmate products will begin contributing to Intec revenues in the current year ending 30 September 2005.

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"With the integration of Telmate’s sophisticated routing optimisation technology, Intec has further extended the capabilities of its InterconnecT billing software family, as well as investing in a company with a good track record of business development and profitability." said Intec Executive Chairman, Mike Frayne. "We see optimisation of telecoms traffic trading and routing as a growth area as carriers seek to improve their operational models. This additional capability will be attractive to both new and existing Intec customers."

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Intec Telecom Systems invests in Danish OSS company Telmate

Adds routing optimisation technology to InterconnecT billing and settlement family

1 November 2004 - Intec Telecom Systems PLC is pleased to announce that it has invested £1.5 million in Denmark-based Operations Support Systems specialist Telmate. Telmate, which currently has a distribution agreement with Intec, has developed a strong capability in providing software for the management and routing optimisation of wholesale telecoms traffic.

The Telmate business will continue to be managed by its founders and current owners. However, the business will be co-located with Intec’s existing Denmark office to maximise the available synergies between the two businesses.

About Intec Billing
Intec is a leading OSS product vendor for fixed, mobile and next-generation networks (i.e. WLAN, 3G and IP), with more than 650 installations of its products worldwide in 450 customers. Founded in 1997, Intec was listed on the London Stock Exchange in June 2000. Intec is a market leader in inter-carrier billing systems and convergent mediation software, and has recently acquired strong capabilities in retail billing, IP billing and real-time mobile service charging and control. For the year ended 30 September 2003, Intec reported revenues of £50.7 million, with adjusted net earnings after tax of £4.1 million.

Intec’s product portfolio includes:
· Singl.eView™ – dynamic transaction management/retail billing;
· Inter-mediatE™ – convergent billing mediation solution;
· InterconnecT™ – inter-carrier billing including US CABS and ITU-based settlement;
· Inter-activatE™ – flow-through provisioning and activation;
· InterconnecT CPM™ – end-to-end content partner management; and
· Intec DCP™ (Dynamic Charging Platform) – real-time pre/post-paid charging.

For more information about Intec and its products and solutions visit www.intecbilling.com.


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