CAMBRIDGE, U.K., August 19, 2003 (PRIMEZONE) -- TTP Communications plc (LSE:TTC) ("TTPCom"), the world leading independent supplier of digital wireless communications technology, today announces that its subsidiary, TTPCom Limited, has taken a significant minority stake in Synergenix Interactive AB as part of an agreement that will lead to the convergence of their wireless gaming activities. Synergenix has developed mophun(TM), a wireless gaming platform which features in the Sony Ericsson T300, T310 and T610 mobile phones.
TTP Communications will receive a 43% stake in the combined business in return for an initial cash consideration of GBP425k and deferred consideration of GBP425k, contingent on certain performance criteria being met. TTP Communications will also grant Synergenix a software licence for WGE, its wireless graphics engine.
In bringing together their wireless gaming activities, both companies aim to create a single dominant wireless gaming standard which will be complementary to Java(TM), and which is supported by a wide range of terminal manufacturers, operators and games developers.
About TTP Communications plc
Based in Cambridge, U.K., TTP Communications plc (LSE:TTC) through its subsidiary TTPCom Limited, develops intellectual property used in the design and manufacture of wireless communication terminals. TTPCom licenses its technology to leading semiconductor and terminal manufacturers worldwide, including Analog Devices, Intel, Renesas (formerly Hitachi), Siemens, Sharp and Toshiba.
TTPCom has established an industry standard with its GPRS platform, offers EDGE, 3G, Wireless LAN and Wireless PAN solutions and, for those manufacturers for whom a fast time to market is critical, TTPCom also offers complete handset and module designs. Over 100 separate terminal designs using TTPCom's hardware and software technology have achieved regulatory approval. More information can be found on TTPCom's website at: http://www.ttpcom.com.
About Synergenix Interactive
Synergenix Interactive AB is a key enabler in the mobile gaming industry. Its software-based gaming console, mophun(TM), offers manufacturers of mobile phones, PDAs and other connected devices a state-of-the art solution for mobile gaming. mophun(TM) complements Java nicely by offering a faster execution environment, a strong DRM solution that prevents piracy and a professional SDK that makes all games platforms independent. The mophun(TM) platform can also be delivered to low end, mass market phones not capable of running other mobile gaming solutions. Features unique to mophun(TM) include massively multiplayer and cross platform games. Current licensees include Sony Ericsson, EMP and Teleca and other still undisclosed actors in the mobile phone industry. Synergenix has also created a developer community around the mophun(TM) gaming concept with over 9,000 members, including discussion forums and a virtual marketplace for games. Distribution of mophun(TM) games are done both by mobile network operators such as AT&T Wireless, Cingular, Telefonica, Orange, Amena, Wind and others, as well as through web based distributors such as Handango and mophungames.com. For more information about mophun, please visit www.mophun.com
This information is provided by RNS
The company news service from the London Stock Exchange