Carsten, in view of your latest results, where were the key areas of progress for Synchronica during 2009?
The key area of progress was our 13 new carrier contract wins; the organic growth and customer acquisition was extremely positive. For a company of our size and stage of development I think that winning 13 carrier contracts in 12 months is very encouraging. Five of those deals were signed with partners and we established global reseller agreements with Nokia Siemens Networks, the second largest network equipment provider, as well as an unnamed Asian top-five network equipment provider and Brightstar [the American distribution group]. These 13 channels produced five contracts last year and we are very pleased about that because these partners allow us to scale our business on a global basis with local presence without having to employ hundreds of sales people. This is important if we want to scale beyond our direct ability to sell products and we are pleased that these channel partners are starting to generate a significant amount of high value contracts for us. We also invested signifi
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