WVCM Wavecom S.A. ADS (MM)

Regulatory News:

Less than one month after Sierra Wireless acquired Wavecom (Paris:AVM) (NASDAQ:WVCM), the two companies announced today compelling proof of the product and technology synergies expected from the combination of two leaders in wireless data solutions. This week, Wavecom and Sierra Wireless will demonstrate a network-connected EVDO Fastrack Extreme, streaming video of the CTIA show floor over the Internet using an integrated Sierra Wireless MC5727 PCI Express Mini Card.

The Fastrack Plug-and-Play Wireless CPU� form factor has been popular among Wavecom customers for years, thanks to its rugged casing and Plug-and-Play functionality. The Sierra Wireless MC5727 EVDO Rev. A embedded module can be found in countless connected computing devices throughout North America.

�We are extremely pleased to demonstrate the EVDO Fastrack Extreme product concept in such a short period of time,� said Jason Cohenour, chief executive officer. �It is a testament to both the inherent synergies between our two companies and the complementary capabilities of the Sierra Wireless and Wavecom teams�.

The Fastrack Extreme EVDO product concept shows how wireless broadband can benefit emerging M2M markets requiring high speed connectivity. The Fastrack�s ease-of-use enables the rapid deployment of a broad range of applications, including; video surveillance security systems, multimedia kiosks, navigation database synchronization, broadcast feeds and many more.

To see the Fastrack Extreme EVDO in action, visit Wavecom at CTIA Wireless in Las Vegas at booth #818.

Wavecom � the wireless M2M experts

Wavecom is a leading provider of embedded wireless technology for M2M (machine-to-machine) communication. We provide a range of GSM/GPRS, CDMA, EDGE and 3G Wireless CPUs; programmable processors which also act as wireless modules or wireless modems. These are backed by a C and Lua-based cellular wireless software suite which includes a real-time operating system (RTOS), a software development environment based on Eclipse�, and several Plug-Ins (GPS, TCP/IP, security, Bluetooth�, Lua script and more). We also offer a wide range of professional and operated services. Our solutions are used for automotive telematics, smart metering, fleet management, GSM/GPS/satellite tracking, wireless alarms, wireless POS (point of sales), WLL (fixed voice), remote monitoring and many other M2M applications.

Wavecom is headquartered near Paris, France and is publicly traded on Euronext Paris (Eurolist) in France and on the NASDAQ (WVCM) exchange in the U.S. Wavecom is majority-owned by Sierra Wireless Inc. (NASDAQ: SWIR - TSX: SW). For more information, please visit www.wavecom.com.

Sierra Wireless

Sierra Wireless (NASDAQ: SWIR � TSX: SW) modems and software connect people and systems to mobile broadband networks around the world. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, specialized vertical industry, and machine-to-machine markets, and provides professional services to customers requiring expertise in wireless design, integration, and carrier certification. For more information about Sierra Wireless, visit www.sierrawireless.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.

Wavecom S.A. ADS (MM) (NASDAQ:WVCM)
Historical Stock Chart
From Oct 2024 to Nov 2024

Wavecom S.A. ADS (MM) (NASDAQ:WVCM)
Historical Stock Chart
From Nov 2023 to Nov 2024