NEW YORK, Feb. 6, 2018 /PRNewswire/ -- Pareteum
Corporation (NYSE American: TEUM), ("Pareteum" or the
"Company"), the rapidly growing Cloud Communications Platform
company, today announced that it has published a whitepaper to
explore the opportunities that blockchain enables including
security, identity management and settlement. The whitepaper
begins with defining how blockchain supports the integration of
various forms of traditional and next generation payment models.
Providing real-world use cases, the whitepaper demonstrates how
blockchain relates to the communications market. The Pareteum
Blockchain Enabler Platform Whitepaper, can be found on
Pareteum's website HERE.
The Whitepaper explores how the Pareteum Global Cloud Service
Platform supports blockchain enablement and why it's important for
mobile solutions providers to understand the basics of this new
technology.
Ali Davachi, Chief Technology
Officer comments, "Pareteum is focused on delivering enabling
technology to all of its partners. The TEUM Blockchain (TBC) will
revolutionize how our customers leverage Blockchain
technology. Enabling our SaaS platform with identity
management, transaction settlements and payment solutions greatly
expands the opportunity for our customers."
Hal Turner, Executive Chairman
and Principal Executive Officer of Pareteum stated, "The Digital
Economy, and its monetization, requires trust, identity and device,
identification, for the dependable completion of transactions.
These transactions may be payment system, financial, or
application and content focused. Pareteum's support of an enabling
Blockchain powered solution assures that our communications service
provider customers, and, their retail, enterprise, and IoT
customers, are provided the highest available, GDPR compliant,
security and payment systems solutions. In conjunction with our
partner, AirFox, Pareteum's cloud platform will also service its
customers by capturing new revenue streams in the
telecommunications and IoT markets. Our cloud-based solution
will enable the deployment of Blockchain services, delivered for
our customers anywhere in the world."
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. Our
platform services partners (technologies integrated into our Cloud)
include: HPE, IBM, Sonus, Oracle, Microsoft, and other world class
technology providers. All of the relevant customer acquired value
is derived from Pareteum's award winning software, developed and
enhanced for many years. 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:
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.
Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
InvestorRelations@pareteum.com
Hayden IR
(917) 658-7878
View original content with
multimedia:http://www.prnewswire.com/news-releases/pareteum-publishes-blockchain-white-paper-defining-opportunities-in-the-mobile-market-300593862.html
SOURCE Pareteum Corporation