Ann: SpeedTalk - Market Update, page-4

4 March 2016 SpeedTalk - Market Update ZipTel Limited (ASX:ZIP) (“ZipTel” and the “Company) has fulfilled its obligations under the Enterprise Agreement, successfully delivering the White Label Enterprise Solution “SpeedTalk”.

SpeedTalk Based on the new Zipt 2.0 platform, SpeedTalk’s ability to function in low bandwidth environments utilising extremely low data consumption provides remote workers with the ability to communicate wirelessly on their own smartphone, globally from remote locations, at a fraction of the cost of traditional satellite voice services.

SpeedTalk will enable these customers to top up accounts on a pre-paid or post-paid basis and enable them to make high-quality phone calls and send messages from any smartphone, in the low bandwidth satellite environments in which they frequently operate.

Revenue Generative Under the SpeedTalk agreement, there are two main revenue sources for ZipTel.
Firstly, ZipTel will receive a one-off registration fee for each customer that installs SpeedTalk. Revenue generated from use of SpeedTalk will be shared equally between ZipTel and its enterprise partner.
Full deployment and launch timetable are currently being finalised.

Bert Mondello, CEO, Ziptel Limited commented:
“SpeedTalk is key to our objective to build a major presence in the Enterprise Market.

SpeedTalk will be rolled out across remote locations where the customer options are limited and expensive.
The value proposition of SpeedTalk to these customers is compelling and even a minor uptake across the network will be material for ZipTel in terms of revenue generation.

We look forward to the commencement of the SpeedTalk rollout this quarter”.