October 12, 2011 11:17 AM Eastern Daylight Time
Granted Exclusive distribution rights from Taiwanese Taisys Ltd.
NEW YORK--(BUSINESS WIRE)--Quantum Telecom Inc. d/b/a Forum Mobile (Nasdaq:QTMI) announced today that Forumtel, it’s leading US MVNO in the travel industry signed an exclusive worldwide distribution agreement with Taisys, leading provider of cutting edge SIM overlay technology and related applications. Utilizing the overlay SIM – the SIM5G, Forumtel can now expand its offering providing customers with even more simple and affordable long-distance and roaming solutions. The offering will go beyond telecommunications, allowing NFC related services and mobile banking. The overlay SIM easily connects to the mobile handset SIM and allow the provisioning of whole new range of applications and services without any installations – simple and secure. The Taisys techonolgy was tested and used by leading operators like China Unicom Ticker (NYSE: CHU) and Singapore M1 (M1: SP) and StarHub (STH: SP). Forumtel estimate over one million units of the overlay SIM to be provided to its customers in 2012.
The ForumTel program enables travelers to receive tremendous cost savings on their telecom services. For someone traveling overseas using their current mobile network, calls could be as much as $1.99 a minute. One can save up to 80% on their cell phone bill using Forumtel program based on Forum Mobile's solution. Now, with SIM5G, travelers will be able to use their own handset and regular local network SIM in parallel, thus gaining the benefits of both solutions. Mr. Benny Yehezkel, Executive VP of Forum Mobile, said: "Our goal is to provide end users with the most advanced, secure and simple technology available. SIM5G will upgrade solution level, make it easier to use and allow additional related services like mobile payments, transfer and banking. For the first time it will combine both Telecommunication and Financial related services on the same device. We will continue to lead the industry by providing our customers with a full range of solutions."
About Forum Mobile (www.forum-mobile.com)
Quantum Telecom, Inc. d/b/a Forum Mobile is a global Mobile Virtual Network Enabler (MVNE) with International presence in the USA, China, and UK. Forum Mobile provides MVNOs with a turn-key solution portfolio and service needed for their operations, market position and business expansion – starting with infrastructure and IT through MNO agreements, applications and handsets.
About Forum Tel (www.forumtel.com)
Forum Tel, as affiliated company of Forum Mobile, is a leading mobile virtual network operator in the international travel and hospitality marketplace. Forum Tel specializes in high quality handsets and international cellular services, and provides global travelers and their agents with the lowest costs available for local, international calling, texting and group travel communications services. Forum Tel customers includen AssistCard, Virgin Holidays, hotel chains like HYATT, WYNN, MGM. Forum Tel is headquartered in the USA with regional offices around the world.
