MONTREAL, QUEBEC — (Marketwire) — 06/27/12 — Peak Positioning Technologies Inc. (“Peak”) (TSX VENTURE: PKK) and its Chinese partner, LongKey-Hong Kong Ltd. (“LongKey”) today announced the commercial release of their second-generation AiNi (Access Information Networks Instantly) Mobile Cloud Platform for smartphones, tablets and other mobile computing devices.
AiNi 3.0, the predecessor of AiNi 3.2, was released in April 2012 as a pilot project in Jiangsu province. Feedback from that pilot has since been incorporated into AiNi 3.2, which also adds new features and corrects some minor bugs affecting specific mobile device models. New AiNi 3.2 features include: an improved contacts editor, faster response time and reduced energy consumption, as well as streamlined access to Chinese social media sites.
“The AiNi platform was originally aimed at the business customer looking to use mobile devices and cloud computing to help manage their operations,” said Johnson Joseph, President and CEO of Peak. “With AiNi 3.2 we have retained and improved upon the business-oriented features and the platform-s overall performance, but most importantly, we now make it more convenient to access and use social media networks, which brings a consumer angle to the platform,” he added.
“The decision to add the social media functionally to the AiNi platform came at the request of one of our telecom partners,” said Alex Wang, President and CEO of LongKey. “AiNi 3.2 opens the door for us to the Chinese consumer smartphone market and now makes the platform ready for large-scale deployment,” he went on to say.
LongKey and one of its telecom partners are currently finalizing the terms of an AiNi 3.2-based large-scale pilot project which is planned for the third quarter of this year.
About the Chinese Telecom market:
China is the world-s largest mobile phone market with over 1.01 billion mobile subscribers as of March 2012 according to the Ministry of Industry and Information Technology of the People-s Republic of China and based on published data from China-s three largest telecom service providers. Since 2008, the Chinese government has made a concerted effort to increase the use of 3G technology in China and the Chinese smartphone market is growing dramatically. U.S.-based International Data Corporation recently released a report indicating that China will account for 20.7%, or 137 million, of the projected 660 million global smartphone shipments in 2012, leapfrogging the United States to also become the biggest smartphone market in the world, measured by annual shipments.
About Peak Positioning Technologies Inc.:
Peak Positioning Technologies Inc. (TSX VENTURE: PKK) is a Canadian software developer for smartphones and other mobile computing devices, conducting business primarily in China and North America. In association with its partner, LongKey-Hong Kong Ltd, the company has developed a suite of applications for mobile devices that includes: cloud-based calendar, e-mail and contacts synchronization, automated device configuration, and HomeWavea mobility security. While LongKey markets the applications in China through its partnerships with major Chinese telecommunication companies and banks, Peak plans to similarly market the applications for its own account in North America. For more information: .
About LongKey-Hong Kong Ltd.:
LongKey Hong Kong Ltd., through its subsidiary LongKey Software Technology Ltd., provides a wide range of IT solutions, and cloud-based business management and mobile applications based on its proprietary Unified Information Services Platform (UISP). LongKey-s applications are distributed to end-users in China by some of China-s largest telecom and banking entities. For more information: .
Forward-Looking Statements / Information
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
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Contacts:
Peak Positioning Technologies Inc.
Johnson Joseph
President and CEO
514-340-7775 ext.: 501
Pinnacle Capital Markets
Spyros P. Karellas
President and CEO
416-800-8921
Pinnacle Capital Markets
Stephen Goodfellow
Vice-President
416-900-3719
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