African Banking and Payments Pilot

July 24th, 2008

Broca, the provider of secure advanced messaging technology, announced today that it has signed a pilot agreement with Telnet Nigeria Limited (“Telnet Nigeria”), a major IT solutions provider to the banking sector in Nigeria.

Under the terms of the partnership, Broca will provide a pilot service based on its flagship service Secure Advanced Messaging Service (“SAMS”) to Telnet Nigeria, which will then be offered to Telnet’s banking clients across Nigeria.  Broca’s innovative SAMS system offers an SMS messaging service which is totally secure, whether the message is in the handset or during transmission, allowing sensitive banking details to be sent across the network, verified and stored safely.  The technology provides the end user with the comfort and convenience of secure mobile banking transactions.

Since SAMS, uniquely among advanced mobile banking applications, uses SMS as its bearer, it is ideal for rapidly developing economies in parts of the world such as Africa where SMS is universal and where availability of other technologies such as GPRS can be more limited.

Telnet Nigeria, founded in 1985, will trial the technology with a number of its banking and payment clients in Nigeria, with applications including airtime vending, cash transfers and satellite TV payments.

Commenting on the pilot partnership, Ian Price, Managing Director of Broca, said: “We are excited to sign a pilot agreement of this nature with a significant partner in Nigeria, offering us an important foothold in the African continent, where mobile commerce is growing at an impressive rate and which already has over 250m mobile subscribers.  We are delighted to showcase the capability of our SAMS technology and look forward to developing a strong relationship with Telnet Nigeria and bringing new and improved services to the continent.”

Change in Adviser

June 19th, 2008

Broca Plc (“the Company”) announces the appointment of Grant Thornton Corporate Finance as Nominated Adviser to the Company with immediate effect.

Numis Securities Limited continues to act as Broker to the Company.

Interim Results for the Six Months Ended 29th February 2008

May 28th, 2008

    BROCA PLC(“Broca” or “the Company”) 

Interim Results for the six months ended 29 February 2008

  Broca Plc is a provider of secure advanced mobile data technology. Protected by a number of patents, its unique products enable the secure capture and delivery of mobile data. Its presentation on the handset ensures an excellent consumer experience. Having launched its initial products in late 2007, the Company is now initiating pilots with leading players in the mobile operator, handset manufacturer and banking sectors. 

Broca is pleased to announce today its interim results for the 6 months ended 29th February 2008.

Highlights 

  • Building on initial revenues through substantial pilots
    • Strengthening sales pipeline with emphasis on mobile operators in Europe and Asia

  • Continued progress in achieving market validation of the technology
    • Handset application pilot in Sweden for Sony Ericsson
    • UK pilot with T-Mobile (UK)

  • Expansion of strategic partnerships
    • a Hong Kong-based mobile services innovator added to address key markets including Philippines and Hong Kong expanding later to China, India and South East Asia

  • Expansion of the portfolio
    • Launch of “MyOperator” as a flexible handset-based tool for the mobile operator to communicate and transact with the consumer

Commenting on the interim results Ian Price, Chief Executive, said, “The Company has made important progress during the period, seeing its technology used in live consumer pilots by a number of significant companies. Broca is continuing to exploit its unique technology and has a healthy pipeline of major prospects.”

Directorate Change

April 15th, 2008

Broca today announces the appointment of David Beswitherick (FCA) as Finance Director with immediate effect to replace Jocelyn Morgan who has decided to leave the Company to pursue other business interests.

David (52) was previously Chief Financial Officer of Myconostica Limited, a medical technology company. Prior to this, David was Group Company Secretary of Trader Media Group, a publishing company which was part of the Guardian Media Group and Interim Group Financial controller of Zetex plc, a £67 million turnover semiconductor business.

Between 1994 and 2006 David worked for Manchester United PLC, initially as Group Financial Controller and latterly as Director of Group Services and Group Company Secretary. Prior to this he held a number of Finance Director roles in a
wide variety of industries. David qualified as a Chartered Accountant in 1980 and subsequently gained an MBA from the University of Bradford.

Commenting on the changes, Ian Price, Managing Director of Broca, said: “We are very pleased to welcome David to our Board. He has experience in a wide range of industries and with a number of companies in their early development. We look forward to drawing on this experience and to his injection of enthusiasm as we drive the business forward this coming year.”

He added: “We’d like to thank Jocelyn for her hard work during her tenure with us. We wish her luck with all her future pursuits.”

There is no information to be disclosed under Schedule 2 paragraph (g) of the AIM rules.

Change of Registered Address

March 4th, 2008

The Company announces the change of its registered address effective immediately.  Broca’s registered office address is now:  Broca plc, St. Mary’s Chambers, Haslingden Road, Rawtenstall, Lancashire, BB4 6QX, United Kingdom.

Pilot with Sony Ericsson

January 15th, 2008

Broca is pleased to announce that its advanced messaging technology is currently undergoing a pilot with mobile handset manufacturing giant, Sony Ericsson.

Broca’s unique data capture product, ‘Acquire’, is currently undergoing pilot implementation in conjunction with both T-Mobile in the UK and independently in Sweden. Broca’s technology is to be used as part of Sony Ericsson’s customer
services process to survey satisfaction among mobile phone users that have had their handset repaired.

After the customer has been using the repaired handset for a pre-set period, the survey appears automatically on the screen. Unlike standard SMS which simply offers plain text, Acquire presents questions to the customer in fields using
Broca’s patented technology. This allows users to complete questionnaires via SMS by quickly and easily selecting answers from a short series of drop-down menus. Acquire presents a simple user interface, requiring very few key presses.
The flexibility of the product allows for tailor-made design and branding to match each client company’s individual requirements. Acquire does not depend on GPRS or WAP as its sole communication method is SMS.

The innovative product also presents the information in real time to Sony Ericsson via a secure web tool, thus providing an accurate and immediate method of measuring the effectiveness of its services.

Jesper Lykking, Head of Strategic Sales T-Mobile UK of Sony Ericsson UK, said: “Broca’s technology has the potential to improve significantly our understanding of our customers’ user experience and build on our relationship with them. The handset itself is the ideal vehicle for gathering data and this new development of SMS technology provides an important step forward in this area, highlighting Sony Ericsson’s ongoing commitment to customer service.”

Ian Price, Managing Director of Broca added: “We are delighted that a manufacturer of Sony Ericsson’s calibre has chosen to pilot Acquire in two countries. This demonstrates not only strong traction with our intended client base, but also provides a superb platform for Acquire, which showcases our unique, world-class technology which we are endeavouring to develop into a global communication standard. We see this as the first stage of the wider adoption of our technology and we will continue to seek agreements of this kind to realise the significant commercial potential of our products.”

Preliminary Results for the Period from 1st February 2007 to 31st August 2007

November 29th, 2007

Broca plc, the secure mobile data technology specialist, which listed on AIM in March 2007, today announces its maiden results for the period to 31st August 2007.

Broca has developed a unique technology to secure mobile data communication using a patented combination of both password protection and ‘over the air’ encryption capable of reaching a worldwide market of 2.3 billion mobile phone users.

Highlights of the period

• Broca now delivering its technologies as an integral part of a wide variety of commercial applications

- Key sectors include banking, mobile gambling, ticketing, payments

• Patent for core technology now granted in the US

• Successful establishment of broad initial channel partner network

- Initial channel resellers include Vodafone, 2ergo, Rapide Communications, Infinite Solutions Limited, ICSP
- Broad spectrum of markets and geographies, with particularly strong progress in Asia
 
• Technology validated through pilots in prime sectors including

- Banking – Major International Bank
- M-commerce – Malaysia On Line
- Secure data collection for one of the top three global handset manufacturers

• Robust sales pipeline with increasing traction among network operators and banks

Ian Price, Chief Executive commented:

“I am delighted to report that we have made significant progress since demerger from 2ergo Group plc, a period which has seen the rapid transformation of Broca’s technology from development stage to revenue-generating products underpinning a business with enormous potential.

“As part of its distribution strategy, Broca has succeeded in recruiting a number of channel partners to address key market segments, including banking, ticketing, gaming and data capture. Our channel partners are working successfully to extend Broca’s reach into global markets and we are very pleased with the encouraging level of interest, and indeed orders, they have generated already. I look forward to these prospects contributing to our revenue growth over the coming months.

“As the demand grows to do more with the mobile phone, so data communications will continue to grow but at the same time the limitations of SMS in areas such as flexibility and security will become increasingly apparent. With its unique technology able to overcome many of these obstacles, Broca is well placed to transform the market.”

For further information:

Ian Price,
Chief Executive, Broca  Plc  Tel: 0845 0066661  

Lulu Bridges/
Andrew Dunn , Tavistock Communications Tel: 020 7920 3150  

David Poutney /
Stuart Skinner
Numis Securities Limited  Tel: 020 7260 1000

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Appointment of Finance Director

November 23rd, 2007

Broca, the provider of secure advanced messaging technology, is pleased to announce the appointment of Jocelyn Morgan to the Board as Finance Director with immediate effect, replacing Philip Davies who has been interim Finance Director since Broca’s admission to AIM in March of this year.

Jocelyn has held the position of Group Financial Controller of Broca since 21 May 2007. She joined Broca from Powerplay Textiles Ltd where she was Finance Director for two years.

Prior to this, from 1999 to 2005, Jocelyn held the position of Group Finance Director with Planet PVC Group plc, a leading manufacturer and installer of UPVC conservatories with a national network of 23 retail showrooms and an annual turnover of £30m.  Jocelyn, aged 42, qualified as a Chartered Accountant in 1989.

Jocelyn currently holds no other executive or non-executive directorships.
Commenting on the agreement, Ian Price, Managing Director of Broca said: “We are delighted to welcome Jocelyn to the Board in what is an exciting time for our business.  She brings a wealth of experience and enthusiasm and we look forward to driving the business forward and realising the massive potential of Broca’s unique technology.”

Agreement with Malaysia On Line

October 25th, 2007

Broca, the provider of secure advanced messaging technology, is pleased to announce that a reseller of its technology, Infinite Solutions Limited (“ISL”), has signed an agreement with Malaysia On Line Access Portal Berhad (“MOL”) to provide enhanced mobile services across MOL’s region, Malaysia.

Under the agreement, MOL will benefit from ISL’s ‘Zone Technology’, a mobile portal  which will allow MOL’s customers to pay for mobile content via their ‘Freedom MasterCards’ using Broca’s Secure Advanced Messaging Service (“SAMS”).

Customers with the MOL Freedom MasterCard can now top up their mobile phones, transfer funds in Peer to Peer (“P2P”) transactions, as well as paying for online gaming, video streaming, SMS alerts, and access to MOL’s instant messenger service, ‘Zone Messenger’.  Ticketing will also be added next year for GSC Cinemas in the region.  Broca’s SAMS technology allows such transactions to be carried out securely offering peace of mind and also offering convenience as the service can be operated on the move from a mobile phone, irrespective of the type of handset or network.

Commenting on the agreement, Ian Price, Managing Director of Broca said: “The new agreement with ISL and MOL is the latest endorsement of our unique secure messaging service and we look forward to working with partners of this calibre to provide Malaysia with world class technology which will facilite m-commerce in the region.  Partnerships such as these afford us a non-capital intensive way of penetrating important markets like Malaysia and our partners’ expertise in the region will prove invaluable in establishing SAMS as an industry standard.”

Ganesh Kumar Bangah, CEO of MOL, said: “We are extremely confident that this partnership will certainly establish a long-term, mutually beneficial partnership between MOL and Infinite Solutions using Broca’s underlying technology. This forms the basis of MOL’s expansion plans into mobile as well as other countries with its Freedom Card (Top up MasterCard) as well as providing a one stop mobile access point through the MOL Zone, to all of the MOL services benefiting its customers.”

Duncan Ward, CEO of ISL, commented: “We are very excited by the prospect of working closely with MOL who are a progressive company that has concrete expansion plans within Asia and beyond. This new relationship gives us a great partnership to expose the true benefits of this new and leading edge technology. Mobile technologies and social lifestyles adapted via the mobile are becoming the ‘Must Have’s’ for the consumer and this technology does exactly what is needed and what has been long awaited for from the mobile industry.”

Director’s Share Dealings

September 4th, 2007

The Company has been notified that on 3rd September 2007 Peter Harvey, non-executive Chairman of Broca, bought 25,000 ordinary shares of 1p each at a price of 63.0 pence per share.

Following this transaction Mr Harvey’s beneficial interest is 25,000 ordinary shares, representing 0.07% of Broca’s issued share capital.