Pareteum Granted Patent for Cloud Security Solution

NEW YORK, Feb. 8, 2018 /PRNewswire/ -- Pareteum Corporation (NYSE American: TEUM), ("Pareteum" or the "Company") the rapidly growing Cloud Communications Platform company, announced today that its European operating subsidiary has been granted a UK patent (GB2541449) for a solution enabling highly secure, strong-authentication, which provides secure access and additional identity validation on Pareteum's Global Cloud Platform and other online services.

The technology uses pre-shared secret key authentication between mobile devices and secure cloud services, such as Pareteum's Global Cloud Platform, and underscores Pareteum's commitment to best in class security in all services.

Vic Bozzo, CEO of Pareteum commented, "We are pleased to have been awarded this patent, which is representative of our rapidly growing intellectual property portfolio. The mobile services and application market has to adopt a security first strategy as the world's data access becomes exclusively serviced through wireless connections.

Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, "Our product services roadmap strategy includes "insights," predictive analytics, and blockchain enabled payment systems for which high levels of security and authentication are crucial.  Identity management and trustful transactions are the focus of all our service developments.  Pareteum continues to cultivate partner alliances that enable us to provide single source solutions for our global customers."

About Pareteum Corporation
The mission of Pareteum Corporation (NYSE American: TEUM) is to connect "every person and everything". Organizations use Pareteum to energize their growth and profitability through cloud communication services and complete turnkey solutions featuring relevant content, applications, and connectivity worldwide. Our platform services partners (technologies integrated into our Cloud) include: HPE, IBM, Sonus, Oracle, Microsoft, and other world class technology providers. All of the relevant customer acquired value is derived from Pareteum's award winning software, developed and enhanced for many years. By harnessing the value of communications, Pareteum serves retail, enterprise and IoT customers. Pareteum currently has offices in New York, Sao Paulo, Madrid, Barcelona, Bahrain and the Netherlands. For more information please visit: www.pareteum.com.

Forward Looking Statements:
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Pareteum's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of Pareteum may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Pareteum also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested in Pareteum's filings with the Securities and Exchange Commission, copies of which are available from the SEC or may be obtained upon request from Pareteum Corporation.

Pareteum Investor Relations Contacts:
Ted O'Donnell
Chief Financial Officer
(212) 984-1096
[email protected]

Hayden IR
(917) 658-7878

SOURCE Pareteum Corporation