Snuko PLC
Snuko PLC: Snuko forms a strategic partnership with Ingenin to distribute its anti-theft products throughout the UK insurance industry

Snuko PLC / Key word(s): Miscellaneous

13.07.2011 / 09:00

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The partnership between Snuko and Ingenin is set to be a highly effective
solution for the UK insurance industry in the battle against theft or loss
of laptops and mobile devices. This agreement means that Snuko Anti Theft
products will be available to all UK insurance policy holders to help not
only cover the monetary elements of their goods, but also the potential
recovery of their devices and personal data.

Snuko CEO Carlos Benvenuti commented 'This agreement is excellent news for
Snuko as it will allow our products to reach hundreds of thousands of new
customers. We are very excited to be working with Ingenin and using their
knowledge of the insurance industry to help consumers recover lost or
stolen devices'

Figures indicate that over 32% of all home burglaries involve the theft of
a laptop or mobile phone, the majority of which were never recovered.  With
the Snuko and Ingenin agreement now in place it means that the number of
devices recovered will dramatically increase.

Ingenin Co-Founder Manjit Rana commented 'When a laptop or mobile device is
lost or stolen it is far more involved than just the cost or replacing the
item. Often it is the sentimental value of the  data such as photos and
contacts which money can not compensate for. With smart phones being used
as the key to our social lives and identities it is even more important to
ensure that if the phone is lost or stolen that it cannot be used to commit
identity fraud. The Snuko product will provide a revolutionary solution for
the UK insurance market to address a problem that traditional insurance
products were not designed for'

It is estimated that fraudulent mobile phone claims could be costing the
insurance industry in excess of £100m a year, now we can instantly 'freeze'
a handset post claim to stop it being re-used or re-sold and even track its
location virtually anywhere in the world. This is particularly useful on
travel loss claims where claimants say that the phone or laptop was stolen
abroad but actually still have it in their possession.

Ingenin Co-Founder Chris Denison commented 'These days most SME's run their
entire business from their smart phones and laptops, losing one of these
devices could be catastrophic for the business and most insurance products
do not provide an effective solution to help the business recover that
valuable data. The new solution automatically encrypts and backs up the
essential data into a cloud based service so that it can be instantly
recovered.'

 Snuko and Ingenin share the same vision of providing consumers and
businesses with effective solutions to protect their 'digital life'.
Together they will provide the UK insurance industry  with the most
effective protection yet for laptops and mobile devices.

For more information about Snuko products please see http://www.snuko.com

Snuko PLC (Wiener Borse: SNU) is the holding company of Snuko UK Ltd, a
London based security-and IT company, specialising in securing computer's
and mobile phones as well as crucial data from loss or theft. With
operations in the US and Europe, Snuko is focusing on innovative security
solutions that protect against loss and theft of internet enabled devices
and data. Our customers are individual computer and mobile phone users,
corporate enterprises, as well as third party software vendors. Our mission
is to provide our users with the most effective, sophisticated and user
friendly theft protection for computers and mobile phones, with the least
amount of complexity, thus ensuring: Secured hardware, Secured software and
data, reduced administration and business continuity despite loss of
computer or mobile phone.

For more information about Ingenin services please see
http://www.ingenin.com

Ingenin are innovative problem solvers and solution development specialists
within the insurance sector focusing on the immediate and long term
benefits of their customers. They have over 20 years experience within
insurance technology and have a successful track record in bringing unique
and ground breaking solutions to the insurance sector.

Contact:
Snuko
Paul Lopez
Paul.lopez@snuko.com
+34 616 551 192

Manjit Rana
manjit.rana@ingenin.com
07793 937240


** END OF NEWS RELEASE **

Snuko plc is an independent, stock exchange listed manufacturer of
software.

This news release may contain certain forward-looking statements,
expectations, intentions, strategies and beliefs regarding the future. All
statements contained herein are based upon information available to the
management of Snuko plc as of the date hereof, and actual results may vary
based upon future events, both within and without the control of the
management, including risks and uncertainties that could cause actual
results to differ materially.

Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.

ISIN GB00B61F4148,WKN A1CU1R,

Exchange: Vienna stock exchange, Frankfurt Stock Exchange

Contact Information
Snuko PLC
33 Clarence Street
Southend on Sea
Essex
SS1 1BH
United Kingdom

Email: info@snuko.com


End of Corporate News

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