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SOURCE Elephant Talk Communications Corp.
OKLAHOMA CITY, July 31, 2014 /PRNewswire/ -- Elephant Talk Communications Corp. (NYSE MKT: ETAK) ("Elephant Talk"), a global provider of Software Defined Network Architecture (ET Software DNA® 2.0) platforms and cyber security solutions, today announced that the Company and HP signed an agreement to collaborate on global, mutual sales. With this agreement, the companies extend their relationship to deliver services from the Elephant Talk Software DNA® virtualized platform and the HP Integrated Home Subscriber Server (HP I-HSS). By deploying the services, Mobile Network Operators (MNO) can benefit from seamless subscriber mobility across heterogeneous networks when changing their current legacy systems or monetizing the MVNO market opportunities.
The Elephant Talk Software DNA® virtualized platform now incorporates the HP I-HSS, which enables Service Providers to manage their subscriber identity across network technologies in a high availability model. With HP I-HSS the subscriber identity is continuously carried over, no matter where the mobile consumer travels to and which access method or Radio Access Network (RAN) technology is used, which it believes will allow Elephant Talk Software DNA® 2.0 to deliver an undisrupted virtualized service experience.
"Based upon deployment experience of many years, we believe that MNOs can realize up to 80 percent of their cost cutting objectives by adopting a Software Defined Network Architecture. Virtualized software systems, like our Software DNA® 2.0 platform, can eliminate legacy systems as well as outdated network management systems reducing costs and unneeded complexity," said Martin Zuurbier, CTO at Elephant Talk. "Today's agreement with HP is a result of long-standing cooperation between Elephant Talk and HP and demonstrates a shared vision for the future of virtualized, software defined network architecture. We are looking forward to making additional joint presentations to the market."
"Multi-country MNO's and MVNOs require high scalability, cross network operation, and quick return on investment. By combining Elephant Talk's Software DNA® virtualized platform and HP's industry first integrated software for HLR and HSS, HP can better serve this segment of the market with flexible deployment models and a scalable solution," said David Sliter, Vice President & General Manager, Communications, Media and Entertainment Solutions at HP.
About Elephant Talk Communications Corp.:
Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a global provider of mobile proprietary Software Defined Network Architecture (ET Software DNA® 2.0) platforms for the telecommunications industry. The Company empowers Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs), Enablers (MVNEs) and Aggregators (MVNAs) with a full suite of applications, superior industry expertise and high quality customer service without the need for substantial upfront investment. Elephant Talk counts several of the world's leading Mobile Network Operators amongst its customers, including Vodafone, T-Mobile, Zain and Iusacell. Visit: www.elephanttalk.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Elephant Talk's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Elephant Talk's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, without limitation, the ability of the Company to regain compliance with the listing standards of the NYSE MKT LLC. Because such statements involve risks and uncertainties, the actual results and performance of Elephant Talk may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Elephant Talk also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested in Elephant Talk's filings with the Securities and Exchange Commission (the "SEC"), copies of which are available from the SEC or may be obtained upon request from Elephant Talk.
Capital Markets Group
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