TMNG Global Unveils SmartXchangeSM, New Automated Mobile Device Recapture Service
TMNG Global Unveils SmartXchangeSM
A Groundbreaking New Automated Mobile Device Recapture Service for Communications Companies
New Service Enables Mobile Operators to Proactively Incent Customers to Recycle Their Mobile Devices
TMNG Global (Nasdaq:TMNG – News) a leading provider of management consulting and software solutions to the global communications, media and entertainment industries, is today unveiling its SmartXchangeSM solution, a groundbreaking new automated mobile device recapture service for the communications industry. SmartXchangeSM helps wireless providers realize multiple economic and environmental business benefits from the collection and reuse of handsets and other electronic devices.
Over 100 million wireless devices are replaced in the U.S. each year; billions worldwide. The EPA estimates that there are close to one billion unused handsets that could eventually pollute landfills with over 500,000 tons of toxic waste. “It is imperative that communications providers proactively drive and manage the collection and re-use of their handsets,” said Rich Nespola, Chairman and CEO of TMNG Global. “In addition to the serious environmental implications, there is also a pressing need for replacement parts to meet the growing demand for refurbished handsets, particularly in emerging markets.”
TMNG has leveraged its proprietary software Ascertain(R) to develop the ground-breaking patent-pending software solution, upon which the SmartXchangeSM managed service offering is based. This innovative solution provides wireless operators with the tools they need to target desired handsets that are valuable to their business operations or simply incent their customers to return unwanted or used handsets, either to capitalize on resell opportunities or for environmental purposes. TMNG can provide a full portfolio of incentive offerings as part of the program or SmartXchangeSM can also be integrated with any existing internal programs such as loyalty programs or company gift card programs.
Mobile handsets are just the first step. SmartXchangeSM can be configured to recapture any electronic device or corporate asset, including set top boxes, laptops, PDAs and more. “In the new world of environmental economics, SmartXchangeSM is a win-win for everyone. It enables communications providers to make a significant contribution to the reduction of electronic devices in landfills; while generating new revenue streams not envisioned just five years ago,” Mr. Nespola added.
TMNG Global is now deploying the SmartXchangeSM solution for a major U.S. carrier and discussions are underway with a number of tier one operators worldwide.
For more information, visit: www.tmng.com/SmartXchange.
About TMNG Global
TMNG Global (Nasdaq:TMNG – News) is a leading provider of professional services to the converging communications industry. TMNG Global and its companies CSMG and Cartesian and its base of more than 600 consultants, have provided strategy, management and technical consulting, products and services to more than 1200 communications clients worldwide. The company’s clients represent all areas of the communications industry including wireless and wireline service providers; entertainment, media and technology companies; and the supporting capital formation firms that support the industry. The company is headquartered in Overland Park, Kansas, with offices in Beijing, Boston, London, New Jersey, New York, Shanghai and Washington, D.C. For more information about TMNG Global, visit www.tmng.com.
