Redknee's IP Charging Gateway Approved for Interoperability with Nortel Networks GPRS/ EDGE/UMTS Wireless Infrastructure

TORONTO, CANADA — November 1, 2004 — Redknee Inc., the leading global provider of communication software to wireless telecommunication network operators, today announced that its IP Charging Gateway (IPCG) has attained interoperability approval from Nortel Networks* for use with its GPRS, EDGE and UMTS core and radio access networking equipment.

The demand for mobile information and content is driving rapid growth in data services. Network operators are looking to capitalize on this opportunity by offering next generation wireless data services. Traditional flat-rate or volume-based pricing plans have not enabled network operators to generate value from distinct data services. Redknee’s real-time rating and charging solution has already successfully launched world wide. This has enabled operators to open new revenue streams from Redknee’s advanced packet-based rating services.

“The compatibility approval of the IP Charging Gateway by Nortel Networks is an important step for Redknee’s IP product portfolio”. “This validates Redknee as a world leading trusted vendor for real-time rating and charging infrastructure” said Mr. Bohdan Zabawskyj, Chief Technology Officer, Redknee.

Redknee’s proven IP Charging Gateway offers network operators real-time rating capabilities for both prepaid and post-paid customers. Redknee’s solution is equally applicable to 1XRTT, GPRS, or EDGE services as well as next generation UMTS/IMS services.

Redknee’s IPCG solution enables the network operator to offer a clear pricing strategy for a variety of data services including internet-browsing, MMS, and e-mail. From the subscriber’s perspective, they are no longer frustrated with unclear rates and charges – thus reducing the network operators churn and decreasing operational overheads.


* Nortel Networks is a trademark of Nortel Networks

About Redknee:
Redknee is a leading global provider of innovative communication software products, solutions and services. Redknee's award-winning solutions enable operators to monetize the lifetime value of each subscriber transaction while personalizing the subscriber experience to meet mainstream, niche and individual market segment requirements. Redknee's revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 60 network operators in over 50 countries. Established in 1999, Redknee Solutions Inc.(RKN : AIM) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries. References to Redknee refer to the combined operations of those entities. For more information, visit http://www.redknee.com/.