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Pareteum Awarded $4 Million 3-Year Agreement by Internet of Things Provider

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Pareteum Awarded $4 Million 3-Year Agreement by Internet of Things Provider

Global Software Defined Cloud Enables European Markets with Super APIs

PR Newswire

NEW YORK, Aug. 2, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE:TEUM), ("Pareteum" or the "Company"), the rapidly growing Global Cloud Software company, delivering award winning mobile enablement solutions, announced today that an EMEA (Europe Middle East and Africa) based IoT (Internet of Things) provider has chosen Pareteum's  Global Software Defined Cloud (GSDC) and software APIs to expand enterprise software application solutions around the world with a $4 Million contract.

Pareteum Corporation Logo.

Our new client serves IoT Developers, Smart Cities, Automobile Manufacturers and Systems Integrators. In this new 3-year agreement, their enterprise customers will work to extend their applications and solutions to new markets worldwide, powered by Pareteum's Global Enablement Cloud and software APIs.

"Once again Pareteum is chosen because of the attractiveness of our services. Pareteum is continuously being recognized as a strong competitor in the industry and potential customers are rewarding us with new and often extended agreements," commented Pareteum CEO, Vic Bozzo.

Hal Turner, Executive Chairman and Principal Executive Officer at Pareteum stated, "Our TEUM recognizes the needs of the industry. We have looked ahead to understand what those client needs require, now, and well into the future. We have responded with software, Super APIs, an enabling cloud with global programmable connectivity, all tailored to the growing and complex Internet of Things (IoT) market. Fueled by analytics and insights, protected by blockchain enabled security, Pareteum's arsenal of software solutions and applications is strengthened by our determination to design and build software to suit the needs of our clients and their customers."

About Pareteum Corporation:
Pareteum Corporation (NYSE:TEUM) is a rapidly growing Global Software Defined Cloud company with a mission to connect "every person and everything." Organizations use Pareteum to energize their growth and profitability through our Global Software Defined Cloud and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our Cloud platform services partners (technologies integrated into our cloud) include: HPE, IBM, Ribbon Communications (Sonus+GenBand), NetNumber, Oracle, Microsoft, and other world class technology providers. All of the relevant customer acquired value is derived from Pareteum's leading Global Software Defined Cloud, delivering award-winning mobile enablement, regardless of the user's location or network. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. For more information please visit: www.pareteum.com.

Forward Looking Statements:
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 Pareteum's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum'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. Because such statements involve risks and uncertainties, the actual results and performance of Pareteum 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, Pareteum 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 Pareteum's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum Corporation.  

Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
InvestorRelations@pareteum.com

Stephen Hart
Hayden IR
917-658-7878

Carrie Howes
Rayleigh Capital
Dubai- London
T UAE: +971 (0) 55 997 0427 | T UK: +44 (0) 870 490 5443 | T CAN: +1 416 900 3634

 

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SOURCE Pareteum Corporation

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