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|  | RoninCast in the News Wireless Ronin Expands Digital Signage Product Offering for Thomson Reuters InfoPoint Project
MINNEAPOLIS – November 18, 2008 – Wireless Ronin Technologies, Inc. (NASDAQ: RNIN), a Minneapolis-based worldwide digital signage provider, announced today that Thomson Reuters has contracted with Wireless Ronin to supply the hardware for their worldwide InfoPoint project in addition to RoninCast digital signage software, hosting and related services.
“We are thrilled to add the InfoPoint hardware component to our Thomson Reuters digital signage offering,” said Scott Koller executive vice president of sales and project management for Wireless Ronin Technologies. “Our expanded offering to Thomson Reuters further validates that our clients are looking for a complete digital signage solution including hardware, software, hosting, content and other related services when sourcing a digital signage provider. More importantly, I am proud of our company’s performance, which gave Thomson Reuters confidence in Wireless Ronin to deliver on this critical component of the Infopoint program. We look forward to providing solutions for Thomson Reuters as the program continues to expand.”
The InfoPoint program is a live news, information and pictures digital signage display network designed for the out-of-home industry. Wireless Ronin was originally contracted to supply software, services and hosting for the Infopoint project. With the addition of the hardware component to the product mix, Wireless Ronin is now the primary supplier for the InfoPoint program.
“We are looking forward to extending the relationship between Thomson Reuters and Wireless Ronin, and using Wireless Ronin to supply our complete end-to-end solution,” said Christopher Burtt, Global Digital Signage Product Manager at Thomson Reuters.
The network is designed for public spaces, lobbies, waiting areas and walkways. Viewers get a comprehensive world news summary in just two and a half minutes with information and pictures displayed in real-time providing up-to-date news, weather and financial information. Wireless Ronin is currently hosting 182 Infopoint applications in 40 countries.
About Wireless Ronin Technologies
Wireless Ronin Technologies (www.wirelessronin.com) is the developer of RoninCast®, a complete software solution designed to address the evolving digital signage marketplace. Wireless Ronin provides clients with a complete, turnkey digital signage system which allows the ability to manage a digital signage network from one central location. The RoninCast® digital signage software suite allows for customized distribution with network management, playlist creation and scheduling, and database integration. Wireless Ronin offers an array of services to support RoninCast® software including consulting, creative development, project management, installation, and training. The company's common stock trades on the NASDAQ Global Market under the symbol "RNIN."
This release contains certain forward-looking statements of expected future developments, as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect management's expectations and are based on currently available data; however, actual results are subject to future risks and uncertainties, which could materially affect actual performance. Risks and uncertainties that could affect such performance include, but are not limited to, the following: estimates of future expenses, revenue and profitability; the pace at which the Company completes installations and recognizes revenue; trends affecting financial condition and results of operations; ability to convert proposals into customer orders; the ability of customers to pay for products and services; the revenue recognition impact of changing customer requirements; customer cancellations; the availability and terms of additional capital; ability to develop new products; dependence on key suppliers, manufacturers and strategic partners; industry trends and the competitive environment; and the impact of losing one or more senior executives or failing to attract additional key personnel. These and other risk factors are discussed in detail in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission, on May 9, 2008.
Wireless Ronin® and RoninCast® are registered trademarks of Wireless Ronin Technologies, Inc. All other trademarks referred to above are the property of their respective owners.
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Contact:
MEDIA -
Holly Heitkamp, Marketing Specialist
hheitkamp@wirelessronin.com
(952) 564 - 3560
INVESTORS -
Al Galgano, Investor Relations
Padilla Spear Beardsley
agalgano@psbpr.com
(612) 455 - 1720 |
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