Market starts to embrace Mobile technology

The Harrogate-based company has developed a patented, internet-based Push To Talk technology, which allows businesses to communicate without relying on mobile phones. In the 12 months to December 31, pre-tax losses fell from £1.6m to £1.2m. Revenues rose 43 per cent to £2.0m. The group’s shares closed up five per cent at 11p.

Mobile Tornado’s chairman Peter Wilkinson said: “Mobile operators have been notoriously reluctant to embrace Push to Talk services through a misplaced fear that the functionality would cannibalise their traditional voice revenues. There has been a clear shift in sentiment within the last 18 months amongst the mobile operators as the advent of the smartphone, the inexorable decline in traditional voice revenues, and the increasing interest in ‘apps’ has encouraged them to seek out new services that they can provide to their customers.”

The group has signed up a number of new clients over the past few months including America Movil, one of the largest mobile operators in the world, to supply Instant Communications to Mexico and Brazil. It also closed a deal with Telecom Italia to access enterprise markets in Italy, Argentina and Brazil and has signed an exclusive partnership in South Africa with NECO and has agreed a deal with G4S in the Nordics.