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CounterPath Corp (2)
Symbol PATH
Shares Issued 5,935,872
Close 2018-06-26 C$ 3.00
Market Cap C$ 17,807,616
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CounterPath signs $1.8M contract with service provider

2018-06-28 11:14 ET - News Release

Ms. Mabel Louie reports

COUNTERPATH SIGNS $1.8 MILLION AGREEMENT WITH NORTH AMERICAN TIER 1 SERVICE PROVIDER

CounterPath Corp. has signed a contract with a North American Tier 1 service provider to offer a solution built on the Bria soft phone and Stretto platform worth a minimum of $1.8-million over a three-year period and is expected to grow as customer uptake increases.

Building on the momentum of a previously announced signed contract with an international Tier 1 service provider, CounterPath continues to enhance the offerings for service providers with Bria soft phones for end-user devices and the Stretto platform for provisioning, messaging, user analytics and synchronization. The solution transforms cloud unified communications into differentiated offerings that enable an elevated user experience. It is anticipated that CounterPath's solution will be deployed in over six European countries over the next 18 months by the international service provider.

The recently signed North American Tier 1 service provider leverages the work with the international service provider and will also use Bria and Stretto for core services that enable a better experience across mobile devices. With its rich experience in developing customized solutions, CounterPath was able to meet specific service provider requirements within a tight timeframe, driving the decision to select Bria and Stretto.

"We are seeing a resurgence of opportunities within North America and EMEA leading the charge," said Todd Carothers, executive vice-president of sales and marketing at CounterPath. "With the consolidation happening within our sector, there are additional opportunities driven by service providers that do not want to be inextricably tied to a particular vendor. CounterPath has the solutions and expertise to enable service providers to modernize their operations and maintain market relevance. Our agile, quick-to-market solution deployments, support our customer's efforts to maintain a competitive advantage in this ever-changing, fast-moving environment."

CounterPath Bria and Stretto deliver an enhanced user experience in the field that improves mobile workers' communications and business workflow.

About CounterPath Corp.

CounterPath unified communications solutions are changing the face of telecommunications. An industry and user favourite, Bria softphones for desktop, tablet and mobile devices, together with Stretto Platform server solutions, enable operators, original equipment manufacturers, and enterprises large and small around the globe to offer a seamless and unified over-the-top (OTT) communications experience across both fixed and mobile networks. The Bria and Stretto combination enables an improved user experience as an overlay to the most popular UC and IMS telephony and applications servers on the market today. Standards-based, cost-effective and reliable, CounterPath's award-winning solutions power the voice and video calling, messaging, and presence offerings of customers such as AT&T, Avaya, BroadSoft, BT, Cisco Systems, Metaswitch Networks, Mitel, NEC, Network Norway, Nokia, Ribbon Communications, Roger and Verizon.

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