Business
BIRD funding for Secure RCS Messaging
BIRD funding for Secure RCS Messaging.
About this update from Sigmaroc Plc
[{"type":"text","content":"\n \nRNS Number : 9927M Messaging International Plc 22 July 2014 \n \n\nMessaging International Plc / Market: AIM / Epic: MES / Sector: Technology\n \nMessaging International Plc ('the Company')\nTeleMessage Ltd receives BIRD funding for Secure RCS Messaging\n \nMessaging International Plc, the AIM traded company and provider of converged messaging products and services, is pleased to announce that its wholly owned subsidiary, TeleMessage Ltd ('TeleMessage'), has received from the Israel-U.S. Binational Industrial Research and Development ('BIRD') Foundation conditional funding for a joint R&D project with a major US wireless network operator for \"Secure RCS Messaging\". The BIRD Foundation will provide grant funding up to $900K towards the project, split 70-30 (TeleMessage - operator), with the project due to be completed in late 2015.\n \nThe BIRD Foundation promotes collaboration between Israeli and American companies in various technological fields for the purpose of joint product development.\n \nProjects submitted to the BIRD Foundation are thoroughly reviewed by evaluators appointed by the National Institute of Standard and Technology (NIST) and by evaluators appointed by the Chief Scientist's Office of the Israeli Ministry of Economy. This project is one of 889 projects which the BIRD Foundation has approved for funding during its 37 year history. To date, BIRD's total investment in these projects has been over $308 million, helping to generate direct and indirect sales of more than $10 billion. The BIRD Foundation supports projects without receiving any rights in the participating companies or in the project itself. The financial assistance is repaid as royalties from sales. The BIRD Foundation provides support of up to 50% of a project's budget, beginning with R&D and ending with the initial stages of sales and marketing. The BIRD Foundation shares the risk and does not demand that the investment be repaid if the project fails to reach the sales stage.\n \nThe RCS (Rich Communication Services) program is a global initiative to deploy inter-operator services within an industry ecosystem. Created by the GSM Association (GSMA), RCS are designed to offer richer yet simpler communication services supported by a strong ecosystem and a variety of architecture implementation o...