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Novatel and Cinterion Partner for M2M Smart Devices Market

Posted on: Tue, 17 Nov 2009 00:35:00 EST

Symbols: NVTL

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Nov 12, 2009 (Close-Up Media via COMTEX) --
NVTL | Quote | Chart | News | PowerRating -- Novatel Wireless, a provider of wireless broadband solutions, announced its entry into the Machine-to-Machine (M2M)-smart devices market through a multiyear Memorandum of Understanding (MOU) with Cinterion Wireless Modules, a supplier of M2M communication modules.

Under the terms of the agreement, Novatel Wireless and Cinterion Wireless Modules will combine their core competencies to address the emerging M2M marketplace with Novatel-developed, co-branded CDMA modules (1X and Rev. A) utilizing the Cinterion form factor.

The companies will jointly drive all aspects of sales, marketing and technical support for M2M solutions utilizing their respective sales channels.

"Mobile carriers are increasingly focused on M2M opportunities, and we believe the timing is right for us to enter the market and seize opportunities to provide high quality M2M solutions," said Peter Leparulo, chairman and CEO of Novatel Wireless. "Cinterion's leading market share in GSM/GPRS/EDGE/HSDPA technology and its vertical market expertise in the Machine-to-Machine industry - combined with Novatel Wireless' innovation leadership and strong carrier relationships create the ideal collaborative environment. Novatel Wireless' solutions-based approach for mobile broadband has been to bring together an ecosystem of intelligent platforms, enabling technology, host applications, and server applications to enterprises and consumers. This move extends our total solutions approach to a wide variety of vertical markets, where we will jointly deliver footprint-compatible intelligent, robust and secure M2M solutions."

"Our strategic collaboration with Novatel Wireless is a win-win proposition for customers who will enjoy a comprehensive product portfolio from two focused companies along with the highest level of customer care for which we are known," said Norbert Muhrer, CEO, Cinterion Wireless Modules. "Cinterion and Novatel Wireless share complementary customer bases, as well as product and technology portfolios, giving both companies great business growth potential. This agreement will enable us to expand our product offerings, and I firmly believe we will deliver unmatched competence to the market."

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