August 2008. - Robert Tyerman from Growth Company Investor: "According to Chief Executive Officer Carsten Brinkschulte, the enlarged company will be able to strengthen its competitive position in key markets and exploit opportunities for cross-selling and upselling among its different customers." Read the full report here

Analyst Notes
Analysts regularly review the Synchronica stock, evaluate the company's strategy, and observe the telecom market as a whole. Here you find excerpts from what they say:
August 2008. - FinnCap reports about Synchronica's acquisition of AxisMobile and concludes: "This acquisition and placing creates a well capitalized market leader in the rapidly expanding mobile email space for the mass market."
August 2008. - Malar Velaigam from Investors Chronicle about the AxisMobile acquisition: "The deal will give Synchronica access to AxisMobile's three million end-users. It also provides Synchronica with technologies for lower-end phones and attachments, allowing it to provide a full service product offering." Read the full report here
July 2008. - Proactive Investors Proactive Investors reports that Synchronica has licensed Mobile Gateway to Emircom: "Emircom has offices in the UAE, Qatar, Saudi Arabia, Syria, Sudan, Lebanon, and Pakistan and is one of the fastest growing systems integrators in the region." Read the full report here
July 2008. - Proactive Investors writes about Synchronica licensing Mobile Gateway to two major mobile phone operators in Africa: "Mobile Gateway enables the most basic mobile phones to use email. This service is ideal for emerging markets where PC penetration is low." Read the full report here
June 2008. - Mike Jeremy from Daniel Stewart & Company concludes: "The China deal should provide an important boost at a critical phase in the worldwide marketing of Synchronica's offering, the most interesting feature of which, in our view, is software that enables standard mobile handsets to read email." Read the full report here
June 2008. - Dr. Paul Cornelius from FinnCap states: "The non-exclusive worldwide agreement with a leading Chinese consumer electronics group to distribute the Mobile Gateway solution via handset manufacturers and mobile network operators to both business users and consumers marks a tipping point for Synchronica's fortunes."
June 2008. - Dr. Paul Cornelius from FinnCap sees Synchronica perfectly placed to benefit from the proliferation of open standards: "This is exactly where Synchronica needs to be, as the seamless delivery of these types of datasets over different networks to numerous handsets is key when dealing with high-growth emerging markets […]"
May 2008. - David Brett from Thomson Financial News interviews Carsten Brinkschulte, CEO of Synchronica, about Synchronica's strategy beginning to reap rewards: "Recent contracts signed with Sun Microsystems, SmartTrust, and Brightstar Corp. will enhance the company's distribution channels […] More
February 2008. - Tim Bradshaw from Investors Chronicle notes: "Synchronica […] says 15 mobile operators are exploring its technology. The shares are below our buy tip (8p, 22 August 2007), but big deals with operators look likely, and its finances were strengthened by January's placing. Buy at 7p." Read the full report here
February 2008. - Derek J. Brown from Seymour Pierce sets Synchronica on outperform: "The positive trading update and successful placing further underpin our confidence in the long-term investment case. We expect profitability in 2009."
January 2008. - Derek J. Brown from Seymour Pierce expects an increasingly strong performance from Synchronica over the coming months: "The catalyst to put the stock back on the buy list will be the news flow that drives material upgrades to earnings. For the time being, we move to outperform and set a target price of 8p for the shares."
October 2007. - Ian Mcleland analyzes Synchronica for Proactive Investors. His conclusion: "Worth a second look. […] In the last twelve months the company has met all the targets that it set out to achieve." Read the full report here
October 2007. - Derek J. Brown from Seymour Pierce about the issuing of new shares: "Under the proposed terms, there would be an equity swap arrangement whereby Synchronica could participate in the upside of its own shares over the course of the next two years if the price rises above 8.33p."
October 2007. - Derek J. Brown from Seymour Pierce assesses the deal with a subsidiary of a major network operator in the Middle East and Africa: "This contract is significant from a financial perspective, but more importantly it highlights the scale of the opportunity."
August 2007. - Robert Tyerman from Growth Company Investor says about the contract between Synchronica and Sun Microsystems: "Under the deal, described by Synchronica's boss Carsten Brinkschulte as a major milestone, San Francisco-based and NASDAQ-quoted Sun will pay an initial GBP 900,000 licence fee to use the first major version of Synchronica's Mobile Gateway system." Read the full report here
August 2007. - Dow Jones Newswire writes about Synchronica's contract with Sun Microsystems: "This contract is a breakthrough for the company and marks the successful conclusion of the negotiations announced previously with a major hardware manufacturer."
August 2007. - Derek J. Brown from Seymour Pierce analyzes the impact of Sun Microsystems licensing Synchronica Mobile Gateway: "The deal provides a significant boost to the financial outlook for Synchronica, following another material OEM arrangement signed with SmartTrust in July. […] The products have thus received ringing endorsements via two major OEM agreements, and the benefits of the cost realignment are now feeding through."
August 2007. - Derek J. Brown from Seymour Pierce gives an income statement: "Over the next three years, we expect compound annual revenue growth of 83 percent, underpinned by the recently announced OEM agreement with Sun Microsystems."
July 2007. - Alan Matthews from Seymour Pierce about SmartTrust licensing Synchronica Mobile Gateway: "This is the largest sale so far for the company […] The licence sale is significant given that revenues for the group for the year to December 2006 totalled EUR 1.5 million."
July 2007. - Oraca notes about the TeliaSonera / NetCom deal: Synchronica, a provider of mobile synchronization for calendars, address books, and email, has licensed its technology to TeliaSonera. […] NetCom is the second largest Norwegian mobile operator and has 1.4 million GSM (2G) subsribers, 98 percent mobile geographic coverage, sales of NOK 6 billion, EBIT of NOK 1.4 billion, and 667 employees.
July 2006. - Simon Strong from Panmure Gordon & Co. takes a closer look at the interims results: "Turnover in the interim period was marginally below expectations of GBP 600,000. The business mix in favor of product revenues is improving, with these amounting to GBP 400,000."
July 2006. - Simon Strong from Panmure Gordon & Co. about the NetCom deal: "This is an important step for Synchronica, following its restructuring. We are not changing our numbers as a consequence, but we are looking for revenue growth rates over the next three years of 55 percent, 98 percent, and 61 percent respectively, so this deal adds credibility to our numbers.
May 2006. - Myles Davis from Panmure Gordon & Co. investigates Synchronica's agreement with IXI to power Ogo devices: "The deal is also notable for the quality of its partners including Vodafone and Swisscom. 1&1, the German ISP, has over five million customer contracts."
April 2006. - Myles Davis from Panmure Gordon & Co.: "We continue to believe in the Synchronica story and would encourage investors to build or add to their positions."
April 2006. - Myles Davis from Panmure Gordon & Co. concludes that Synchronica shares trade at attractive valuations: "Synchronica continues to make progress after transforming itself over the last year. Revenues for fiscal year 2005 were slightly ahead of our expectations, but cost management was better than forecast."
February 2006. - Hoodless Brennan about Synchronica: "The company launched a strategic review of its portfolio and sales operations. The resulting decision has been to focus resources on four core products covering manufacturers, operators, and corporates within the global mobile device market space. […] This is a turnaround situation with Synchronica's now largely complete. The new structure on product lines will enable development and sales to deliver better on timelines and production goals."
If you need additional information, please contact the CMO or CFO whose contact details are provided in the right column.
Annual Report and Accounts
Articles of Association




























