WaterCove Networks Uses Ulticom Signaling Software to Cost-Effectively Converge Wireless Voice and Data Networks

7/24/2002 - WaterCove Networks and Ulticom, Inc. (NASDAQ: ULCM) have signed an Original Equipment Manufacturer (OEM) agreement that brings Ulticom's carrier-grade signaling capabilities to WaterCove's award-winning Mobile Data Service System, a move designed to protect mobile network operators' investment in current-generation voice switching, services and billing equipment while easing their migration to integrated voice and data networks. This combination allows mobile operators to provide highly reliable carrier-grade offerings that maximize the use of existing equipment as they evolve their networks to deliver new revenue-generating services.

By incorporating the high performance, scalable and robust characteristics of Ulticom's Signalware, WaterCove's Mobile Data Service System will enable wireless operators around the world to quickly and cost effectively bring to market a range of premium data services, such as advanced prepaid charging, that take full advantage of existing network equipment and Signaling System Number Seven (SS7) based infrastructure. Ulticom’s carrier-grade Signalware software offers global interoperability, and has been deployed by more than 260 service providers in over 100 countries.

WaterCove Networks' Mobile Data Service System empowers carriers to deliver and effectively charge for a range of new, personalized mobile data services on 2.5G and 3G networks that will increase average revenue per user (ARPU) and reduce customer churn. Based on a patent-pending approach that delivers a level of real-time monitoring and metering of data sessions that is unmatched by other products, WaterCove's system has successfully demonstrated interoperability in global carrier networks with an array of GPRS Serving Node (GSN) and Intelligent Network (IN) equipment.

"Offering next-generation wireless data services while maintaining interoperability with the existing service delivery architecture is critical to the success of wireless operators," said Osman Duman, VP of Marketing at Ulticom, Inc. "WaterCove's approach to tap into SS7-based prepaid billing applications is a compelling method to expedite a new range of real-time prepaid data services."

"We're pleased to be working with Ulticom to provide global operators a stable, proven, carrier-class solution that allows them to bridge their existing investment in SS7 based service delivery with the emerging world of IP based transport and control," said WaterCove Networks Chief Technology Officer Mark Tubinis. "This partnership expands the operators ability to deploy new revenue-generating data services today and in the future."

About WaterCove Networks
WaterCove Networks develops next-generation networking equipment for wireless service providers seeking to rapidly and profitably deploy mobile data services within their existing infrastructure –– and accelerate the rollout of personalized content and always-on, high-speed data services –– while migrating to 2.5G and 3G wireless network environments. Founded in 2000 and privately held, WaterCove Networks is led by an executive team with extensive experience in the mobile wireless, data networking and telecommunication equipment industries. With headquarters in Chelmsford, MA and offices throughout the world, the company is funded by strategic investors such as Bessemer Venture Partners, Charles River Ventures, Comdisco Ventures, inOvate Communications Group, Orange Ventures and Sprout Group. Additional information about WaterCove Networks can be found at www.watercove.com

About Ulticom, Inc.
Ulticom, Inc. provides service enabling signaling software for wireless, wireline and Internet communications in Intelligent, Converged and Programmable Networks. Ulticom’s Signalware products are used by the telecommunication industry’s leading equipment and service providers worldwide. Traded on NASDAQ as ULCM, Ulticom is headquartered in Mt. Laurel, New Jersey with additional offices in the United States and Europe.

Certain statements concerning Ulticom's future results or prospects are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. There can be no assurances that future results or prospects will be achieved, and actual results could differ materially from forecasts and estimates. Important among the factors that could cause actual results to differ materially from forecasts and estimates are: risks associated with the current weakness in the world economy generally, and in the telecommunications industry in particular; risks associated with international transactions including political decisions affecting tariffs and trade conditions, rapid and unforeseen changes in economic conditions in individual countries, turbulence in foreign currency and credit markets, and increased costs resulting from lack of proximity to the customer; risks associated with rapid technological changes in the telecommunications industry; risks associated with our dependence on sales of our Signalware products; risks associated with future networks not utilizing signaling systems and protocols which our products are designed to support; risks associated with the development and acceptance of new products and product features; risks associated with the integration of our products with those of equipment manufacturers and application developers and our ability to establish and maintain channel and marketing relationships with leading equipment manufacturers and application developers. These risks and uncertainties are discussed in greater detail in the Company's filings with the Securities and Exchange Commission. Ulticom makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date of any such statement.

WaterCove is a trademark of WaterCove Networks Corporation. Ulticom, Signalware and Programmable Network are registered trademarks of Ulticom, Inc. All other product or corporate references may be trademarks or registered trademarks of their respective companies.

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