Pareteum Awarded $2 Million Agreement for WiFi Services

摘要

Pareteum Corporation (NYSE American: TEUM), ("Pareteum" or the "Company"), the rapidly growing Cloud Communications Platform company, announced today that their existing U.S. Wireless Internet Service Provider customer will expand connectivity options by adding SmartConnect™ technology through Pareteum's Global Cloud Service Platform (GCSP), a single source solution. The amendment to the existing agreement will add $2 million in revenue to the existing 3-year contract. This U.S. Rural Service Provider was announced as a Pareteum customer April 2018. Pareteum's strategic alliance with iPass will enable this enterprise customer to offer connectivity options in areas that have been historically underserviced. The WiFi technology, working in tandem with cellular access, provides secure wireless services in areas where connectivity options have previously been limited and unreliable.