MUMBAI, India, March 22, 2012 (GLOBE NEWSWIRE) -- Xalted Information Systems Pvt. Ltd. ("Xalted") the principal operating subsidiary of Kranem Corporation (OTCBB:KRAN) announced today that Nepal Doorsancher Co. Ltd., (also known as "Nepal Telecom" or "NTC") has selected Xalted's Roaming Fraud Detection & Analytics solution, xNODE, as an integral technology in connection with the expansion and upgrade of Nepal Telecom's GSM Roaming and NRTRDE System.
This is the second time that Xalted has been awarded a contract by Nepal Telecom for the installation and deployment of Xalted's xNODE Hardware, Software and Services. The revenues expected to be generated by Xalted in connection with this expansion order is approximately US$ 200,000. The first contract for Xalted's xNODE solution was in 2009.
Nepal Telecom is one of the leading players in Nepal's telecommunications sector and provides GSM cellular telephone services to millions of subscribers. Nepal Telecom, which provides roaming services to postpaid subscribers in 75 districts of Nepal, has already been using Xalted's xNODE solution for GSM Roaming and NRTRDE-compliance. Xalted supplied, delivered, installed and commissioned successfully the initial GSM Roaming and NRTDTE solution for Nepal Telecom in 2009. This expansion order provides NTC with a 300% increase in capacity as compared to the previous implementations of the xNODE system. Additionally, Xalted's xNODE technology provides Nepal Telecom with a solution that reduces roaming charge revenue that would otherwise be lost by NTC as Xalted's xNODE can efficiently manage NTC's roaming related data transfer and Fraud detection systems.
"Nepal is a growing telecom market and the GSM operator NTC needed roaming revenue maximization solution that could help them achieve competitive advantage by offering advanced services in a faster way while keeping the total cost of ownership of solution lowest. We are proud that our Innovative technology solution has not only supported operator's vision to be a major player in the Nepal telecom market, but also accomplished the inherent need for revenue maximization. "We are pleased that Nepal Telecom has again selected Xalted's leading GSM Roaming and NRTRDE system," said Ajay Batheja, Chairman and CEO of the Kranem/Xalted Group. "We are seeing more of our customers opting for Xalted's Telecom and Digital Security Solutions. This is testament to the quality of our Analytics and Security portfolio. Implementing multiple Telecom Security solutions will enhance the CSP's operational efficiency, leading to better service for their customers."
About Kranem/Xalted Group:
The Kranem/Xalted Group is a leading global provider of end-to-end actionable Intelligence, Analytics and Revenue Maximization software and solutions serving some of the world's largest law enforcement agencies, government agencies and telecom and data services providers. By providing advanced tools to monitor communications and optimize decision making, the Kranem/Xalted Group helps law enforcement and government agency customers defend against security threats created by terrorists and criminal activity throughout the world. For telecom customers, the Kranem/Xalted Group provides software and solutions that are created to improve business performance, increase operational efficiency, maximize revenues and enhance safety and security.
The company is headquartered in San Jose, California, USA, with additional offices located in Mumbai, Delhi, Bengaluru, and Baddi, India and Rome, Italy. For more information, please visit: www.xaltedcorp.com and/or www.kranem.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and is indicated by words such as "anticipates" and other similar words or phrases. Such forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the company to differ materially from those described herein, including but not limited to the impact of the global economic environment on the company's customer base (particularly telecom and law enforcement agencies) and the resulting uncertainties; changes in technology and market requirements; decline in demand for the company's products; inability to timely develop and introduce new software, services and applications; difficulties or delays in absorbing and integrating acquired operations, technologies and personnel; loss of market share; pressure on pricing resulting from competition; and inability to maintain certain marketing and distribution arrangements. These and other risks are contained in Kranem Corporation's current report on Form 8-K filed with the U.S. Securities and Exchange Commission on March 16, 2012. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof, and Kranem Corporation undertakes no obligation to publicly release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.