TELECOMS firm Mobile Tornado reported a 40 per cent leap in half year revenues as more mobile phone operators adopt its technology.
The Harrogate-based company has developed a patented, internet-based Push To Talk technology, a piece of software that is fitted to a handset which effectively turns it into a walkie-talkie.
In the past mobile network operators have been wary of the technology, worried that it might cannibalise sales, but now they are embracing it as a means of offering large companies cheap ways to talk to their staff.
Jeremy Fenn, chief executive of Mobile Tornado, said: “All companies are looking for efficiencies and we have a communication device that’s fit for purpose for blue collar workers.
“Many businesses supply workers with a radio, a mobile phone and a safety alert to protect them, but with our technology you can do all three with one device. It’s more efficient and it saves costs.”
The group said revenues rose 40 per cent to £1.4m in the six months to June 30. It made a pre-tax loss of £1.4m, up from a loss of £700,000.
The firm won’t become profitable until mobile network operators start selling the service to their customers, which will start to take place later this year.
Analyst Julian Yates at Investec said: “The results show good growth in recurring licence fees, up 30 per cent, and are consistent with our full year forecast revenue. The sales potential remains extremely strong.
“Three operators continue to integrate the technology, with customer launch dates approaching, and another three are in product trials.”
Mobile Tornado is carrying out two homeland security trials in Asia, offering Government agencies high levels of encryptment.