Redknee Conducts Market Validation
on Synaxis OSA/Parlay and Web Services/Parlay X Solution with Telefonica Moviles Espana

MADRID, SPAIN – February 18, 2004 – Redknee Inc. the market leader in open architecture wireless solutions announced today the ongoing assessment of an OSA/Parlay and Web Services/Parlay X Solution to Spain's Telefónica Móviles España which shall be utilized to evaluate an advanced Service Delivery Framework.

The solution is consistent with Redknee’s initiative to develop a powerful application creation environment that utilizes open standard-based application programming interfaces (APIs) that enable operators to create their own services or outsource service development. Redknee’s modular architecture ensures that deployed solutions accommodate existing protocols and interfaces, while providing an extensible framework to support future protocols. For carriers such as Telefonica, this facilitates the development of applications that feature a consistent user experience across varied underlying technologies.

All of these benefits position carriers to extend the services that they currently offer their customers to include either wholesale access to the carrier’s own telephony-based value-added web services or allowing carriers to offer turnkey web services solutions with the goal to increase their customers’ competitiveness through new innovative, differentiated services or perhaps to reduce their customers’ software integration costs.

“Telefónica has taken advantage of Redknee's advanced Parlay/OSA technology platform which facilitates the generation and delivery of next-generation services," said Bohdan Zabawskyj, Chief Technology Officer at Redknee. "This robust suite of abstracted interfaces will allow Telefónica to reduce its ongoing development costs whilst bringing innovative revenue generating services to market more quickly than ever before.”

The Redknee Synaxis™ Service Delivery Framework is available now for order and timely delivery. The Synaxis™ Service Delivery Framework solution provides an evolutionary path to address the dynamic requirements of next-generation mobile services and applications. This next-generation delivery platform is currently being deployed in top tier networks globally.

Redknee's commercially deployed suite of service applications includes Messaging, Mobility, Payment, and Data/Call Control solutions. Redknee solutions integrate seamlessly with existing mobile networks, and accelerate the development and adoption of revenue-generating mobile network services through 3GPP/2 Open Services Access and Open Mobile Alliance Web-Services based architectures.

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/.