Press Releases Archive - Page 12 of 29

Pareteum Announces 3-Year Employment Extension of Founder, Executive Chairman & Principal Executive Officer, Robert ‘Hal’ Turner

June 6, 2018

areteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, today announced that it has entered into an employment amendment agreement (“Agreement”) with Mr. Turner, pursuant to which his engagement will continue until at least November 18, 2021. Mr. Turner’s prior agreement was based on a fixed term through November 2018 and the company is therefore delighted to ensure the continued engagement of Mr. Turner for a further three years, while the company executes on a significant and value-generating corporate development and market growth strategy.

Pareteum Announces $8 Million 3-Year Agreement for Global Mobility Services

May 21, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that an established Global Mobile Virtual Network Operator (MVNO) has chosen Pareteum’s Global Cloud Service Platform (GCSP), a single-source solution, to launch their new European-based MVNO. The 3-year agreement will add $8 million in revenue beginning end of 2018.

Pareteum Adds $3 Million Global Cloud Services Contract

May 17, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that an established UK-based enterprise has selected Pareteum and Global Cloud Services Platform (GCSP) to empower their global security service offering.

Pareteum Awarded $2 Million Agreement for WiFi Services

May 16, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that their existing U.S. Wireless Internet Service Provider customer will expand connectivity options by adding SmartConnect™ technology through Pareteum’s Global Cloud Service Platform (GCSP), a single source solution. The amendment to the existing agreement will add $2 million in revenue to the existing 3-year contract.

Pareteum Procures Worldwide License to Embed iPass Technology

May 14, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company has signed a worldwide license purchase agreement to fully embed the iPass SmartConnect™ technology into the Pareteum Global Cloud Services Platform for a total consideration of $3 million. Under the terms of the license purchase agreement, Pareteum will have an unlimited license to enable their global subscribers to seamlessly switch between mobile and WiFi connectivity.

Pareteum Goes Live with Established U.K. Provider in Smart Home and Office Systems

May 11, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing mobile Cloud Communications Platform company, announced today the deployment of its cloud services for a U.K. based provider of smart home and office automation systems. These services enable this established provider to integrate their Smart Control Hubs with Pareteum’s Cloud Platform, moving from a complex legacy system to a very dynamic, flexible and cost-efficient cloud solution, granting simpler access and management when it comes to their customers’ connectivity. The 3-year sales contract was first announced on February 14, 2018, valued at $1.5 million.

Pareteum Publishes Predictive Analytics and Machine Learning Whitepaper

May 10, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, announced today that it has published a whitepaper to explain the relevant nature and functionality of Predictive Analytics and Machine Learning and how we apply those technologies to help our customers increase revenue and customer satisfaction through our GCSP solution.

Pareteum Announces $6.1 Million Registered Direct Offering

May 9, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), today announced that it agreed to sell an aggregate of 2,440,000 shares of the Company’s common stock, $0.00001 par value per share (the “Common Stock”). The purchase price per share was $2.50. The shares were offered and are being sold to certain accredited investors in a registered direct offering. The Company expects to receive gross proceeds from the offering of approximately $6.1 million, before deducting placement agent fees, and other related expenses.

Pareteum Awarded $5 Million Contract from India-Based Telecom Company

May 9, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Global Cloud Communications Platform company, announced today that it has been awarded a 3-year contract with an India-based Telecommunications company. Pareteum will enable its newest client to expand into the Internet of Things (IoT) market, using Pareteum’s platform and connectivity, adding $5 Million in contractual revenue over the course of 36 months.

Pareteum Awarded $4 Million Contract from Diversified Enterprise in Asia

May 8, 2018

Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), announced today that it has signed a 3-year, $4 million, contract with a diversified enterprise client in the manufacturing, banking and construction sectors. The established customer will use the Pareteum Global Cloud platform to provide service for their wireless Internet of Things requirements.