subslover
2 years ago
Sonim Technologies Announces $17 Million Additional Tablet Order
SONM | 13 hours ago
New orders plus new rugged phone devices expected to drive sequential growth in fourth quarter
San Diego, California--(Newsfile Corp. - November 30, 2022) - Sonim Technologies (NASDAQ: SONM) today announced an additional customer purchase order for $17 million in tablet products designed by Sonim and assembled via an ODM relationship. Sonim expects to ship the newest purchase order starting from the fourth quarter and into 2023, driving sequential revenue growth over the third quarter of 2022.
The latest tablet order follows $13.9 million in tablet orders delivered in the third quarter. The new device revenue streams exemplify Sonim's strategy to expand into the broader consumer durable and industrial equipment market by leveraging its engineering expertise, rugged heritage and ODM capabilities.
Additionally, Sonim has announced availability of its new XP10 5G Android smartphone device, completing the refresh of its rugged mobile devices lineup sold by North American Tier One carrier partners.
"We continue to execute on the new management team's strategy to deliver purpose built mobile devices to our carrier partners while entering large and underserved markets adjacent to our core rugged capabilities," said Sonim CEO Peter Liu. "Additionally, with the recently announced launch of our XP10 rugged 5G smartphone, our core rugged mobile device family is fully refreshed and available for North American carrier partners. We believe Sonim is now well positioned to further grow revenue across an exciting opportunity set of legacy rugged and new core industrial and consumer durable applications as we move steadily toward our goal of profitable operations."
The ODM-built tablet features an eight-inch display with 4G LTE connectivity running on a Qualcomm Snapdragon chipset. The tablet targets both enterprise and consumer applications, including service and education applications. The new tablet project is not expected to represent inventory risk for Sonim, as the tablets are built to customer purchase orders.
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About Sonim Technologies, Inc.
Sonim Technologies is a leading U.S. provider of ultra-rugged, rugged and consumer durable mobile devices designed to provide extra protection for users that demand more durability in their work and everyday lives. We currently sell our ruggedized mobility solutions to several of the largest wireless carriers in the United States - including AT&T, T-Mobile and Verizon - as well as the three largest wireless carriers in Canada - Bell, Rogers and Telus Mobility. Our ruggedized phones and accessories are also sold through distributors in North America and Europe. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.
Important Cautions Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the projected revenue growth and the strategic expansion plans of Sonim. These forward-looking statements are based on Sonim's current expectations, estimates and projections about its business and industry, management's beliefs and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "future," "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: Sonim's ability to continue as a going concern and improve its liquidity and financial position; Sonim's exploration of strategic or financial alternatives may not result in any transaction or alternative that enhances value; risks related to Sonim's ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of Sonim's common stock; Sonim's ability to continue to develop solutions to address user needs effectively, including its next generation products; anticipated sales levels of both new and legacy products; Sonim's reliance on its channel partners to generate a substantial majority of its revenues; the limited operating history in Sonim's markets; Sonim's ongoing
subslover
2 years ago
Sonim Technologies Launches New XP5plus Rugged Device with AT&T
AUSTIN, Texas, July 15, 2022 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) today announced the launch of the XP5plus on the AT&T network, which offers the best of both cellular and radio-like capabilities for businesses and employees working in extreme conditions.
The XP5plus builds on the legacy of its predecessor, the XP5s, one of the most widely used PTT-over-Cellular ultra-rugged devices among frontline workers and first responders who need instant reliable communications when it matters most. The new XP5plus is purpose-built for critical communications and includes many features that enhance the Push-to-Talk (PTT) experience. At the top of its long list of new features is a version with two easy-to-use control knobs – for channel select and volume control. PTT can now be accessed without users ever taking their eyes off the mission in front of them.
With longer battery life and a larger screen, the XP5plus raises the bar on what a device can do. Third-party tested and validated to MIL-STD-810H, this rugged device is drop proof and waterproof and will thrive in the most punishing conditions. Sonim is long recognized for the superior audio quality built into all its devices. The XP5plus does not disappoint with Goodix echo and noise cancellation technology built into the new 100dB+ speakers.
"We are pleased to continue our relationship with AT&T and provide businesses with the latest rugged communications that will unlock mission-critical team communication and outlast any given day in the field," said Peter Liu, CEO, Sonim Technologies.
The XP5plus is also FirstNet Ready®, which means first responders can use it to tap into specialized capabilities designed to meet their needs on FirstNet® – the only nationwide, high-speed broadband communications platform dedicated to and purpose-built for America's first responders and the extended public safety community. First responders maintain voice communications with always-on priority and preemption on LTE, while the intuitive FirstNet network determines the best route for data traffic, whether that's 5G or LTEi.
The XP5plus is packed with other extra features including SonimWare Enterprise Mobility Software that helps customers more easily deploy, manage and support mobile devices in the field. The Sonim SecureAudio Connector provides secure, more reliable connections so audio accessories and Remote Speaker Microphones (RSM) are locked in place and always ready, even while engaged in rigorous activity. It is compatible with a wide range of industrial grade accessories including headsets, RSMs, vehicle mounts and more. The XP5plus also comes with Sonim's 3-year comprehensive warranty which lowers the total cost of ownership, especially compared to consumer devices.
The XP5plus will be available online and in AT&T stores on Friday, July 15. For more information, visit Sonim XP5plus.
FirstNet and the FirstNet logo are registered trademarks and service marks of the First Responder Network Authority. All other marks are the property of their respective owners.
About Sonim
Sonim Technologies is a leading U.S. provider of ultra-rugged mobility solutions designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The Sonim solution includes ultra-rugged mobile phones, a suite of industrial-grade accessories, and data and workflow applications which are collectively designed to increase worker productivity, communication and safety on the job site. Please visit https://sonimtech.com/.
Important Cautions Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the expected timing of the availability of Sonim's XP5 Plus and XP10 5G smartphones, the expected market demand for these products and the expected benefits from the proposed equity investment by AJP. These forward-looking statements are based on Sonim's current expectation
subslover
3 years ago
Sonim Receives Additional $6.4 Million in Initial Stocking Orders from US and Canadian Carriers
Orders Add to Prior XP5plus and XP10 Smartphone Stocking Orders for Summer and Fall 2022
AUSTIN, Texas, June 14, 2022 /PRNewswire/ -- Sonim Technologies (NASDAQ: SONM) today announced multiple additional purchase orders totaling $6.4 million for stocking inventory of Sonim's upcoming XP5plus feature phone with enhanced PTT capabilities and Sonim's next-generation XP10 5G rugged smartphone. The orders are from a top U.S. carrier customer and two Canadian carriers, adding to previously announced initial stocking orders for $9.5 million on these devices from a top U.S. carrier.
"We are excited to secure additional orders from a long-time carrier partner in the U.S. and from two Canadian partners, expanding on our previously announced initial stocking orders for the new rugged XP5plus and XP10 smartphone devices," said Peter Liu, Chief Executive Officer at Sonim. "These additional awards speak to the expected market enthusiasm for our next generation rugged devices, purpose built with Sonim's rugged engineering technologies to work in field applications where traditional consumer devices simply do not get the job done."
"We are moving ahead rapidly on our new business strategy to offer a wider range of rugged 5G smartphones, feature phones, hot spots and industrial communications equipment focused on these unique but underserved market needs," said Liu. "We are already in discussion around additional carrier awards for both existing and new devices as we continue to focus on carrier partner needs not well served by currently available hardware solutions."
The XP5plus is expected to be available later this summer; shipments of the new XP10 rugged 5G smartphone device are expected to begin in the fall of 2022.
Sonim is a leader in rugged mobile phones for task workers in industries such as public safety, construction, manufacturing, field service, transportation, hospitality and more. Key features of the new devices include:
Support for 5G networks, FirstNet public safety broadband network, and CBRS-based private networks.
Ultra-bright sunlight readable displays and glove touch enabled screens designed for use in outdoor conditions.
OneTouch PTT – a dedicated PTT button provides instant communications with no need to wake up the device or launch the app like consumer smartphones
Ultra-loud speakers and noise suppression – ensure you can stay in communication in the harshest conditions
Red (Emergency) Button – instantly alert dispatch and/or emergency services which can be customized with the free Sonim SOS application and available through the FirstNet App Catalog
Ultra-rugged accessories – a broad range of industrial accessories, including remote speaker microphones, wireless mics, in-vehicle mounts to address the common needs of first responders
About Sonim
Sonim Technologies is a leading U.S. provider of ultra-rugged mobile phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. We currently sell our ruggedized mobility solutions to several of the largest wireless carriers in the United States— including AT&T, T-Mobile, and Verizon—as well as the three largest wireless carriers in Canada—Bell, Rogers, and Telus Mobility. Our phones and accessories connect workers with voice, data, and workflow applications in two end markets: industrial enterprise and public sector. Our ruggedized phones and accessories are sold through distributors in North America, South America, and Europe. For more information, visit www.sonimtech.com.
Important Cautions Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Ref
subslover
3 years ago
NEWS
Sonim Announces Purchase Orders from Top US Carrier for Next-Generation Rugged Phones
Orders for Next Generation XP5 Plus and XP10 Smartphone in Summer and Fall 2022
AUSTIN, Texas, May 5, 2022 /PRNewswire/ -- Sonim Technologies (Nasdaq: SONM) today announced purchase orders totalling $9.5 million from a top U.S. carrier customer. The purchase orders cover initial stocking inventory for two of the company's next-generation ultra-rugged phones to be introduced in 2022 – the XP5 Plus feature phone with enhanced PTT capabilities and Sonim's next-generation XP10 5G rugged smartphone.
"We are excited to secure these initial orders from a long-time carrier partner for our new rugged XP5 Plus and XP10 smartphone devices, planned for introduction later this year," said Peter Liu, Chief Executive Officer at Sonim. "These early awards demonstrate the carrier excitement for our next generation phones featuring Sonim's rugged engineering technologies. We believe these awards are also early indicators of the market demand we seek to tap under our new business strategy, offering a wider range of 5G smartphones, feature phones, mobile hot spots and other industrial communications equipment that incorporate our rugged heritage."
The XP5 Plus is expected to be available this summer, and Sonim's new XP10 rugged 5G smartphone device are expected to begin shipments in the fall. The carrier awards were made based on the design specifications, feature set and costs provided by Sonim as part of an RFP process.
Sonim is a leader in rugged mobile phones for task workers in industries such as public safety, construction, manufacturing, field service, transportation, hospitality and more. Key features of the new devices include:
Support for 5G networks, FirstNet public safety broadband network, and CBRS-based private networks.
Ultra-bright sunlight readable displays and glove touch enabled screens designed for use in outdoor conditions.
OneTouch PTT – a dedicated PTT button provides instant communications with no need to wake up the device or launch the app like consumer smartphones
Ultra-loud speakers and noise suppression – ensure you can stay in communication in the harshest conditions
Red (Emergency) Button – instantly alert dispatch and/or emergency services which can be customized with the free Sonim SOS application and available through the FirstNet App Catalog
Ultra-rugged accessories – a broad range of industrial accessories, including remote speaker microphones, wireless mics, in-vehicle mounts to address the common needs of first responders
About Sonim
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