OREANDA-NEWS. On June 22, 2007 JSC SITRONICS (“Sitronics” or “Company”) (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS with a growing presence in other EEMEA emerging markets, announced that it has signed a US$ 7 million agreement with Wateen Telecom, the largest private sector communication company in Pakistan, to provide SITRONICS’ flagship product, FORIS NG Billing and Customer Care, in Pakistan, reported the press-centre of  SITRONICS.

Within the framework of the contract, SITRONICS will provide its integrated FORIS NG Billing and Customer Care product, along with a number of network management solution products, enabling Wateen Telecom to expand its offerings in the local market. The project includes a 3-year managed services operation.

Mr. Igor Hulak, President of SITRONICS Telecommunication Solutions, commented: “The Middle Eastern and Asian telecommunications markets are two of the most rapidly growing in the world, prompting local operators to continuously enhance their network reach, quality and efficiency. We are confident that Wateen Telecom will benefit from SITRONICS’s expertise in the field of OSS/BSS integration, especially in the billing and customer care domain, by having a product which will allow the Company to cater for its billing, CRM and management reporting needs. Recognizing the high potential and ever-increasing requirements of the local market, SITRONICS has established strong partnerships with major regional service providers and recently opened its subsidiary in Lahore.”

Tariq Malik, Chief Executive Officer of Wateen Telecom, commented: “Wateen Telecom is building one of the most innovative, high performing and high availability IP-based communication networks in the country and abroad, offering IP-based quad-play (voice, video, data and mobility) services to business and residential customers. Our choice of SITRONICS as our partner in local and international projects was based on its expertise in providing complete integration and operational services, as well as on its experience in the deployment of large scale complex projects in the region. Our growth and variety of services will demand scalability and shorter time-to-market, which is a promise that we are confident SITRONICS will fulfil with excellence.”