Synchronica signs deal with Chinese firm

Mobile phone messaging technology group Synchronica has signed a $1.5m agreement with a China-based handset manufacturer to bundle Synchronica's Mobile Gateway onto its portfolio of low and ultra-low-cost MediaTek powered handsets.

Synchronica anticipates delivery to the customer by the end of April 2012.

"The size of this initial order illustrates the customer's eagerness in using Synchronica-powered messaging as a way of differentiating their products," the firm said.

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"We're already working closely together on developing innovative go to market strategies, and exploring ideas to further enhance our partnership."

The share price rose 3.96% to 13.12p by the close on Wednesday.

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