INDIANAPOLIS, April 27, 2010 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) today announced that its subsidiary Brightpoint Slovakia s.r.o. ("Brightpoint") has entered into an agreement with Inmarsat Global Limited ("Inmarsat"). Pursuant to this agreement, Brightpoint will provide a fully integrated solution to Inmarsat for the fulfillment and physical distribution of IsatPhone Pro, its forthcoming global handheld satellite phone. Brightpoint will perform handset and accessory fulfillment services for the distributor channel to include inbound receipt and quality assurance of pre-packaged products, software updating, and picking and shipping of orders globally.
"Brightpoint is pleased to work with Inmarsat," said Anurag Gupta, President of Brightpoint Europe Middle East and Africa. "By utilizing our infrastructure and capabilities in Supply Chain Solutions and leveraging our depth and relationships across the wireless industry, Brightpoint offers Inmarsat a one stop, global distribution and logistics solution."
"Brightpoint is recognized as a world leader in its field, and we are pleased to have them onboard for the distribution and fulfillment of IsatPhone Pro," said Helen Stalker, Commercial Director of Global Satellite Phone Services at Inmarsat. "Brightpoint will provide essential support to our distributors around the world."
About Inmarsat
Inmarsat plc (LSE:ISAT) is the leading provider of global mobile satellite communications services. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. The company's services are delivered through a global network of more than 400 distribution partners and service providers operating in 100 countries. For the year ended 31 December 2009, Inmarsat plc had total revenue of US$1,038.1 million (2008: US$996.7 million) with an EBITDA of US$594.2 million (2008: US$531.2 million). For more information, please visit www.inmarsat.com.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2009, Brightpoint handled approximately 84 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, e-Business solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 2,700 employees in more than 25 countries. In 2009, Brightpoint generated revenue of $3.2 billion. Brightpoint provides distribution and customized services to more than 25,000 B2B customers worldwide. Additional information about Brightpoint can be found on its website at www.brightpoint.com, or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).
Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint, including, but not limited to, the ability of the Company to complete any or all of the repurchases contemplated under the Amended Share Repurchase Program. These statements are only predictions and actual events or results may differ materially. Please refer to the documents Brightpoint files, from time to time, with the Securities and Exchange Commission, including Brightpoint's most recent Form 10-K. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.