AI – Artificial IntelligenceAI Business http://aibusiness.org/
Our story – Transforming tomorrow’s enterprises through the evolution of AI – AIBusiness via Peter Xing (@peterxing)
EXCLUSIVE: The first ever AI for business landscape map!
Register to receive your High Definition map http://aibusiness.org/the-ai-business-environment/
AI is already here. It’s happening in many, if not most industries; its application in the business environment is growing fast. On many estimates, over the next 10 years, enterprise spending on AI technology will increase from $200 million to over $60 billion.
AI is already driving business growth, and rather than detracting from human contribution it will release workers to complete more creative and valuable tasks. A number of leading organisations spanning finance, law, healthcare, manufacturing, transport, energy, education and many more are looking to implement the technologies or have already started!
Useful in identifying major and emerging players that can help your business transform through AI solutions.
The above information is obtained from A IBusiness and Peter Xing
The purpose of the thread is to discuss investment opportunities in the field of AI.
Have a wonderful day and beyond. – Ben
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
$MARK – Stock Quote Notification
The stock price for Remark Holdings (NASDAQ:MARK) has gone outside the range 6 – 9.
12/8/2017 2:03:01 PM
Last Price Change Open Day High 52-Week High
9.075
1.665 (22.468%) 7.53 9.13 9.79
Volume Previous Close Day Low 52-Week Low
1890092 7.41 7.384 1.93
Best2ALL!
http://www.yitutech.com/en/
‘Minority Report’ Artificial Intelligence machine can identify 2 BILLION people in seconds https://www.dailystar.co.uk/news/latest-news/666375/minority-report-artificial-intelligence-machine-dragonfly-yitu-technology
A LEADING tech company has developed an Artificial Intelligence machine that can identify two billion people in a matter of seconds. JT rted https://twitter.com/AIUpdate/status/940480601500643328
$RHT ASX Upgrades Its Technical Architecture to Improve Requirements for Business Productivity with JBoss Middleware
To read the press release, go to: https://investors.redhat.com/news-and-events/press-releases/2017/12-13-2017-135956891
$RHT – Red Hat Adds Common Criteria Security Certification for Red Hat Enterprise Linux https://investors.redhat.com/news-and-events/press-releases/2017/12-13-2017-155911579
$FNSR Apple invests $390 million into Finisar, which makes laser chips for iPhone X and AirPods https://twitter.com/WSJ/status/940926811269148674
$MARK – Remark Holdings Partnering with China ShenHua Energy Company
https://www.prnewswire.com/news-releases/remark-holdings-partnering-with-china-shenhua-energy-company-300571102.html
LAS VEGAS, Dec. 13, 2017 /PRNewswire/ — Remark Holdings, Inc. (NASDAQ: MARK), a global technology company focused on artificial intelligence, announced today that China ShenHua Energy Company has selected KanKan as its artificial intelligence technology partner in a project to enhance ShenHua Energy’s worker management and improve mining and construction safety. The project is expected to result in significant improvements in production efficiency and worker safety, while simultaneously reducing human resource management costs and costs resulting from safety-related incidents. ShenHua Energy will use KanKan’s facial-recognition, gesture-recognition and tracking capabilities to accomplish the worker safety and management improvements, while KanKan’s artificial intelligence data platform will help ShenHua improve production efficiency. The partnership represents a foothold for KanKan’s AI technologies in China’s energy space, which is one of the largest energy markets in the world.
“We are thrilled that another major company has recognized the significant benefits of working with our technology,” stated Kai-Shing Tao, the Chairman and CEO of Remark Holdings. “This agreement only represents a first step for us in making our KanKan AI technology a widely-used asset in this sizable market.”
China Shenhua Energy Company Limited, also known as Shenhua Energy, is a state-owned enterprise and a subsidiary of Shenhua Group. The company, which is the largest coal mining enterprise in the world, engages in the production and sale of coal in China, and it operates coal-based power plants that generate electricity which it then sells to provincial and regional electric companies in China. In addition to mining and power-generation operations, ShenHua Energy also operates an integrated railway network and a seaport that are primarily used to transport its coal…
#AI – Why digital transformation is now on the CEO’s shoulders https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/why-digital-transformation-is-now-on-the-ceos-shoulders ht Thank YOU @PeterXing https://twitter.com/peterxing/status/941611373737455616
$TEUM – 20 Dec 17 https://www.pareteum.com/news/pareteum-wins-global-internet-things-iot-contract-cloud-services/
Pareteum Wins Global Internet of Things (IoT) Contract for its Cloud ServicesPareteum Wins Global Internet of Things (IoT) Contract for its Cloud Services Adds $4 Million to 36 Month Contractual Revenue Backlog Newly Awarded December Agreements Total Over $13 Million NEW… chased down because of https://twitter.com/BlinkX90/status/943469745751302145
$TEUM
Wow, this seems cool.. what do you think of this one? Company seems really interesting too, addressing ever growing cloud markets. Nice find again SoGiAm
A few captions:
“In conjunction with the recently announced China-focused MVNO ($1 million) and the major Eastern European Smart City ($8 million), Pareteum has added over $13 million to its 36-month contractual revenue backlog in December alone.”
“We have sold solutions that take us, through our cloud services, into Smart Cities and cryptocurrency secure payment transactions capabilities. Additionally, our sold solutions bring us into facets of Artificial Intelligence, with the machine learning capabilities of the predictive analytics applied to the massive volumes of data we are handling.”
“About Pareteum Corporation
Pareteum Corporation and its subsidiaries provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise, Software-as-a-Service and IoT markets. The Company’s software solutions allow any organization to harness the power of a wirelessly connected world by delivering seamless connectivity and subscriber management capabilities that provides end-to-end control of millions of connected devices. Mobile Network Operator (MNO) customers include Vodafone, the world’s second largest mobile operator by customer count, Zain, one of the largest mobile operators in the Middle East, as well as MVNO customers such as Lebara and Lowi. For more information please visit: http://www.pareteum.com.”
Would love to hear people’s thoughts on this company 🙂 i get a feeling there’s much room for improvement ahead and company is on the right track.
$MARK
SoGiAm,
i have to congratulate you on finding and sticking to Remark Holdings, it seems to have been a jolly ride lately with this company and probably well deserved one also. What a nice catch, truly admire how you come up with these!
once again i missed out the ride for being late just couple of days with my own DD, but looking forward for the next one.
yours, Finn
Guys – this is the wrong place, but why can’t I Login? And I seem to suddenly be getting no more emails?!
Hi Allison… I had the same problem earlier and e-mailed Travis. Pressing the Login button would not even take me to the login screen. E-mail Travis or Lynn at payments@stockgumshoe.com and I suppose try closing out your browser window and keep on trying. #Best2YouAlwayz – Ben
Thanks Ben – can you still get in? Another Gummie did on a Mac, but I still can’t on my iPhone or 2 computer browsers!
ANd last email: nope. I went to yet another iPhone browser and logged in … until I went to Dr. KSS’ pages … there I wasn’t logged in and the Green Login button won’t get me anywhere!
Hi Allison – same issue here. Could not login. Yesterday, this morning no issues.
Merry Christmas and Happy Holidays to all! I am a supremely blessed and lucky man for many reasons, one being having found this community.
Cheers – Todd
Disregard last post. With the exception of this one, I am unable to login to the others. E-mailed Lynn as Ben suggested.
Cheers – Todd
#Susquehanna: 3 Microcap Stocks It’s Buying and 1 Mid-Cap https://www.barrons.com/articles/susquehanna-3-microcap-stocks-its-buying-and-1-midcap-1513965856 ht Merry Christmas Antonio and ALL! https://twitter.com/ACInvestorBlog/status/944311628815794178
$TEUM no position
Wow SoGiAm, you really are a true gumshoe finding these gems! Pareteum has been on a tear last couple of market days after announcing blockchain settlement for cryptocurrency to it’s cloud platform.
https://finance.yahoo.com/news/pareteum-adds-blockchain-settlement-cryptocurrency-185400040.html
$TEUM starter position as of Dec 20
Thanks to the amazing SoGiAm and Finventurer for alerting me to this! First time I’ve ever seen that kind of one day jump on my ledger.
$TEUM np
All thanks to SoGiAm and his miraculous ability to dig up these multi baggers, just happy to follow his footsteps through these rough times!
hmmh.. $TEUM np seems to have some kind of pull-back-down force hanging above the share price at the moment. i’m no TA expert in any way, but if you check how the price’s been acting lately it is quite obvious that there’s interested in this company and share price has tried hard pushing up but somehow gets beaten back down, just like today. Still some people dumping down shares they bought at much higher price?
not suggesting anything, just observing and raising questions.
$TEUM – (This is Company News) – np – Pareteum Drives Innovation and Bolsters Strength of its Mobile Payment Solution by Appointing Ali Davachi as Chief Technology Officer and Chief Operating Officer
https://www.pareteum.com/news/pareteum-drives-innovation-bolsters-strength-mobile-payment-solution-appointing-ali-davachi-chief-technology-officer-chief-operating-officer/
Entrepreneurial, Hands-on Executive Has Led and Delivered Projects for Fortune 500 Firms in E-Commerce, API Development, Security and Financial Technology
Appointment of Davachi as CTO / COO Positions Pareteum Cloud and Application Exchange to Connect Blockchain and Cryptocurrency Transactions Globally
$TEUM DD provided via R, #ThankYOU R!… nice fundamental update on stocktwits from someone who does their DD
https://twitter.com/Lucy3370/status/947112259498790912 #Best2ALL!
thank you once again SoGiAm for sharing!
$TEUM added to position now about full this a.m… Besr2ALL!
The Technologies We’ll Have Our Eyes on in 2018 https://singularityhub.com/2017/12/30/the-technologies-well-have-our-eyes-on-in-2018/ Thank you Peter Xing
$MICT – https://twitter.com/ash_trader/status/944552346780127232
Microtec Entertec Technologies, Inc. http://micronet-enertec.com/
Alwayz in front #MRM #TECQ Recent News – Micronet Receives $1,900,000 New Order for its TREQ®-317 On Board Computer…
#BestIn18&BeyondALL! 😉
$MICT np Was long here, but sold a week ago so I missed all this. Too bad.
This dipped today, anyone buying in or just keeping an eye on it?
$XYZ and position is most helpful on all threads at #StockGumshoe. Many #Gummies are utilizing #SmartPhones to access the system which limits the context of individual posts, without viewing the threads. #Best2ALL!
Thanks for the tip, let me try again;
$MICT dipped to $1.25/share, good entry point?
$MICT np –
Micronet Enertec Technologies Signs Definitive Agreement to
Sell its Defense and Aerospace Subsidiary, Enertec Systems
http://micronet-enertec.com/IR-Press%20Releases/2018%2001%2002/IR-PR_2018%2001%2002.asp
…“The sale of Enertec to Coolisys empowers the Company to grow its MRM business more aggressively both organically and through acquisition. As our MRM revenues continue to increase each quarter, we aim to use this momentum and further invest all our focus and efforts to become a leader in the MRM space,” Lucatz added….
Jan-03-18 01:00PM DPW Holdings Agrees to Buy Enertec Systems 2001 Zacks Small Cap Research -8.82%
Jan-02-18 10:29AM Future Outlook Of The Capital Goods Industry And Micronet Enertec Technologies Inc (NASDAQ:MICT) Simply Wall St. +21.43%
08:00AM Micronet Enertec Technologies Signs Definitive Agreement to Sell its Defense and Aerospace Subsidiary, Enertec Systems PR Newswire
06:30AM DPW Holdings Subsidiary Coolisys Technologies Signs Definitive Agreement to Acquire Enertec GlobeNewswire
! b 🙂 https://finviz.com/quote.ashx?t=MIND
Thank you, Clouseau. I have not had the day light to research this one. Anyone else want to share what they have found? Looks quite interesting; I’m intrigued, Perhaps you may be able to share your DD with me/us? TIA
Im fairly new to the stock research game, still trying to figure out a research routine but have been limited on free time myself as well. Joined on here to try and learn a bit through osmosis as they say, until I can dedicate some real time to informed investing. Looking forward to my first Friday letter from Travis this week!
Welcome to the #Gummunity Clouseau!
I see you are an Irregular and thereby be afforded access to premium content via #ZKSS. In Dr. KSS’ (ZKSS) threads is where I spend much of my time.
https://www.stockgumshoe.com/author/dr-kss-md-phd/
You have arrived at the premier site for retail investors, IMHO. We are all learning, sharing and caring.
If you are interested in the Electric Vehicle Revolution, and/or precious metals, basic metals and hard assets, check out HendrixNuzzles threads/blogs. https://www.stockgumshoe.com/author/hendrixnuzzles/
Also check out my threads by pressing on the phoenix image, to the left of any post by myself.
Remember to subscribe to any thread you wish to recieve e-mails, as member post.
#Best2YOUalwayz ~ Ben, @H0U3
http://micronet-enertec.com/IR-Press%20Releases/2018%2001%2002/2018-01-02-Big.png
Ben, How do I follow KSS on twitter. I see he is no longer in the gummune. Tks JB
@KSSMDPhD Search and then press the follow button, JB. #Best2You
#EV – #Cobalt #Co, 10 Australian equities: http://www.asx.com.au/asx/markets/equityPrices.do?by=asxCodes&asxCodes=auz+clq+jrv+ncz+arl+mei+cob+pgm+fzo+pil Eight resources, a cybersecurity and an innovations equity. #Best2ALL
$TEUM long – Pareteum Ends 2017 with a Record $147 Million Contractual Revenue Backlog
Revenue Backlog Scheduled Over the Next 36 Months
389% Compounded Annual Growth Rate (CAGR) for 2017
NEW YORK, NEW YORK, January 3, 2018 – Pareteum Corporation (NYSE American: TEUM), (“Pareteum” or the “Company”), the rapidly growing Cloud Communications Platform company, today announced that it has executed agreements that represent a 36 Month Contractual Revenue Backlog (see the definition below) of a record $147,000,000, as of December 31, 2017. Bolstered by 28 newly signed customer agreements in 2017, totaling $117,000,000 in 36 Month Contractual Revenue Backlog, the fourth quarter of 2017 represents an increased 58% over the third quarter of 2017 contract agreement executions. The Compounded Annual Growth Rate (CAGR) of Pareteum’s 36 Month Contractual Revenue Backlog is 389% since January 1, 2017.
“Across geographies and the fastest growing application markets including Internet of Things (IoT), Application Programming Interfaces (APIs), and Connectivity to enable mobile virtual networks, we are proud of our results-oriented sales team for delivering these industry leading results. The technology innovations and product enhancements we made this year allow us to enter 2018 poised to make another quantum leap forward in our business.” stated Pareteum CEO, Vic Bozzo.
“These contracts establish Pareteum as one of the fastest growing Cloud Communications companies in the world. The excitement of adding Blockchain capabilities, Artificial Intelligence (AI) and Machine Learning (ML) solutions, and, then applying these services to enable our customers, defines the opportunities we see ahead. In addressing these market segments, broadly including businesses, Smart City municipalities and the Internet of Things developer communities, we see material progress coming. We are appreciative for the support of our shareholders as we completed the transition to a full Software as a Service Cloud company in 2017. Our results are, we believe, derived from how our services and solutions solve customer problems, saving materially in operations expense, and most importantly creating faster revenue for our customers, while opening new sources of revenue that would have previously required multiple vendors and complex system integrations,” stated Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum.
About Pareteum Corporation:
The mission of Pareteum Corporation (NYSE American: TEUM) is to connect “every person and everything”. Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. For more information please visit: http://www.pareteum.com.
Forward Looking Statements:
Certain statements contained herein constitute “forward-looking statements..
#Healthcare is hemorrhaging data. #ArtificialIntelligence is here to help via @wired http://ow.ly/hc6I30hwzdm #health #medicine #AI #HIPAA #pharma https://twitter.com/PMWCintl/status/948557096164962304
$TEUM #AI #Jobs #International #Global $MSFT #China #IoT Microsoft’s Smith Sees Tech Disrupting Global Jobs https://youtu.be/kwyQ7ZEPcP0 via @YouTube https://twitter.com/peterxing/status/948545472506966017 Thank You #PeterXing! #BestIn18&Beyond
$TEUM ow – “Pareteum is one of the fastest growing Cloud Communications companies in the world. The excitement of adding Blockchain capabilities, Artificial Intelligence (AI) and Machine Learning (ML) solutions, and, then applying these services to enable our customers, defines the opportunities we see ahead, especially in addressing Smart City municipalities and the Internet of Things developer communities. Our results are, we believe, derived from how our services and solutions solve customer problems, saving materially in operations expense, and most importantly creating faster revenue for our customers, while opening new sources of revenue that would have previously required multiple vendors and complex system integrations,” stated Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum.
https://seekingalpha.com/instablog/1240561-ray-dirks/5093773-pareteum-next-twilio?app=1&uprof=26&isDirectRoadblock=false
Pareteum Is The Next Twilio
Jan. 3, 2018 12:17 AM ET|About: Pareteum Corporation (TEUM), Includes: TWLO, VOD
Summary
Blockchain settlements enabled through Pareteum’s cloud platform.
Enabling global shift from hardware to software.
Rapidly expanding markets with exponential growth expectations.
Large backlog.
Twilio (TWLO), a $2.3 billion Silicon Valley-based cloud communications company, went public in June of 2016 at $15 per share and its stock nearly doubled in the first day of trading to close at $29. The beneficiaries were primarily venture funds who got in before the company went public. Fortunately, for public investors today, Pareteum (TEUM), a New York-based cloud communications company is on a similar growth trajectory and offers similar potential for high-returns.
The product of a successful turnaround with a new management team laser focused on mobile cloud communications, Pareteum has proven extremely effective at getting new customers and growing market share and sales. Pareteum’s best performance measure, its revenue backlog, reached a record $129 million as of November 30, 2017, up an astonishing 115% from the end of theQ2 2017 and 37% in just two months, from the end of Q3 2017.
Twilio’s largest venture investor, Silicon Valley based Bessemer Ventures put about $70 million into the well-known and well followed cloud communications company, from seed investment all the way through subsequent rounds leading up to the IPO. That $70 million was worth $500 million by the end of the first day of trading for Twilio. That’s a 614% return.
Conversation from hardware to software is one of the biggest shifts happening in the multibillion dollar mobile communications business today. The companies enabling this shift, including Pareteum and Twilio are reaping the benefits, as are their investors.
Like Twilio, Pareteum provides a cloud communications platform that enables software developers to create and deliver voice, SMS, video, Internet of Things (IoT), payments and other communications applications globally. This is done on cloud-based software, without the traditional mobile telecommunications hardware infrastructure. This means minimal capital expenditures, faster growth and higher margins – a great combination to produce investor returns.
Rapidly expanding into global markets including Brazil, Asia, Africa, the Middle East and Eastern Europe, Pareteum is diversifying its customer base and aggressively pursuing growth markets. Vodafone (VOD), the second largest mobile operator in the world in terms of number of connections, is one of Pareteum’s largest customers.
Blockchain settlements for cryptocurrencies is the latest market Pareteum has entered, as announced on December 26th, further expanding its payment processing services in the mobile payments market. Pareteum indicated in its announcement that it has completed development enabling its global cloud platform to process transactions in cryptocurrencies including Bitcoin, Ethereum, Litecoin, Airtokens and other forms of cryptocurrencies.
Revenues have exceeded analyst expectations for a few quarters in a row at Pareteum. Revenue backlog jumped 115% from $60 million at the end of Q2 2017 to a record breaking $129 million on November 30, 2017. A key performance measure of management’s effectiveness, revenue per employee increased to a record $222,139 in Q3 2017 marking a 4-fold increase over Q4 2015. Positive adjusted EBITDA was achieved for the first nine months of 2017, while the company is approaching break-even-in both EBITDA and net income. Gross margins that have recently been in the 70% range, hit 77% in Q3 2017, and are driving the company towards profitability. The beauty of software-based cloud communications solutions is superior economics for Pareteum, as well as for its growing list of customers.
(Source Pareteum website)
Recently, the company improved its balance sheet, with a nearly $20 million fund raise in November and early December. Sales momentum continues to build. This is driven by Pareteum’s desirable turn-key products that increase revenues and reduce capital expenditures for its global customers. It’s also driven by Pareteum’s stellar management team, which includes Chief Revenue Officer Rob Mumby who left Twilio where he served as Director of Global Connectivity to join Pareteum. Mumby was recruited by Pareteum’s lead executives, CEO Vic Bozzo and Executive Chairman Hal Turner. Bozzo has a phenomenal track record with start-ups and turnarounds in the mobile communications business that have led to two IPOs and multiple exits. Bozzo has built and managed over $1 billion worth of revenues over his career.
I recently met with Hal Turner, who is an icon in the telecommunications business and has had numerous successful start-ups and turnarounds. His passion and determination for the business is the force driving Pareteum to success.
(Ray Dirks & Pareteum Chairman Hal Turner)
RAY DIRKS Research suggests that Readers/Investors place no more than 1% of the funds they devote to common stocks in any one issue. It’s best to diversify.
Disclosure: I am/we are long TEUM. 🙂 #BESTIn18&Beyond 🙂
Ben are there any block chain stocks on the ASX you like.
Thanks
WilliamsTown, Further DD is required but looking at $FZO, #CyberSecurity for minors, etc. and 2xow $PIL Peppermint Innovations, payment system for the Philippines, etc. #BlockChain, any #AUgummies or non- #Australian #Gummunity members want to share further information, please.
#BestIn18&BeyondALL! ~ Ben
Hey Ben,
I am curious what broker service you use for trading on the ASX? Like myself I believe you are located in Canada?
#BrokerageServices: IB, comment search ‘broker’ on at the following link provided at First Steps and Favorite Tools for New Investors | Stock Gumshoe https://www.stockgumshoe.com/2014/11/first-steps-and-favorite-tools-for-new-investors/comment-page-1/#comment-4715603 #BestIn18&BeyondALL!
$TEUM ow – A Pareteum Internet of Things (IoT) Applications Provider Customer Commences Revenue Production Best2ALL!
https://www.pareteum.com/news/pareteum-internet-things-iot-applications-provider-customer-commences-revenue-production/
Integrated Mobile Services on Demand
Expected to Contribute to First Quarter 2018 Revenue
NEW YORK, NEW YORK, January 5, 2018 – Pareteum Corporation (NYSE American: TEUM), the rapidly growing Cloud Communications Platform company, today announced it has activated service to one of its Application Provider IoT customers, which was previously announced as new customer on October 11, 2017.
This deployment signals planned revenue in the first quarter of 2018, ahead of schedule, and reinforces the efficiency of Pareteum’s Global Cloud Platform (GCP). Pareteum’s GCP enables its customer’s subscribers, including members of their widely growing Application Programming Interface (API) Developer Community, to add mobility services directly to their Banking, Social Media, Call Centers, consumer facing applications, and App Store Products.
“Our move to the cloud has allowed us to fundamentally change use cases and opportunities not only for our company but for our customers,” stated Vic Bozzo Pareteum’s CEO. “The growing Pareteum development community is seeing the ability to incorporate mobility into their applications for the first time in a self-service model by directly connecting to our API without having to wait for the long cycles of provisioning to the network, which ultimately means recognizing revenue faster.”
“The digital economy, and its monetization is being driven by application developers, creating an API economy. Pareteum, as an integral part of the Digital and API Economy ecosystem, is poised to support geometric growth for these companies with our securely offered Blockchain solutions, as part of our Global Cloud services. Being connected and working wirelessly in an untethered fashion is the mobility driver for the world’s population. Pareteum brings seamless transition among devices, networks and applications, with flawless peer to peer metering, charging, billing and settlements. It is the power of our mobile payments, Blockchain, and Cryptocurrency driven capabilities, offered to the application development community, that will unleash their growth and business transacted with Pareteum,” stated Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum.
About Pareteum Corporation
The mission of Pareteum Corporation (NYSE American: TEUM) is to connect “every person and everything”. Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. For more information please visit: http://www.pareteum.com.
Forward Looking Statements:
Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Pareteum’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum’s industry, management’s beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of Pareteum may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Pareteum also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested in Pareteum’s filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum Corporation.
Contractual Revenue Backlog Definition:
Contractual revenue backlog is measured on a forward looking 36 month snapshot view monthly, and, is generated by each of the Company’s Managed Services, Global Mobility Cloud, and Application Exchange & Developer’s Platform customers. The Pareteum multi-year Software-as-a-Service agreements include service establishment and implementation fees, guaranteed minimum monthly recurring fees, as well as contractually scheduled subscribers, in some cases including subscriber usage, during the term of the agreement, and, their resulting monthly recurring revenue. There can be no assurances that we reach the total revenue backlog. The revenue backlog assumes timing of revenue recognition that may vary from actual results.
Pareteum Investor Relations Contact:
Ted O’Donnell
Chief Financial Officer
(212) 984-1096