Novatel Wireless and InfoSonics Sign Agreement For Distribution of Merlin Wireless PC Cards
SAN DIEGO - April 11, 2005 - Novatel Wireless, Inc. (Nasdaq: NVTL), a provider of wireless broadband access solutions and InfoSonics Corporation (Amex: IFO) have signed an agreement for the distribution of Novatel Wireless' complete line of Merlin™ Wireless PC Card Modems throughout the Americas. The 3G modems provide consumers and mobile workers with high-speed, always-on access to the Internet, email, and even corporate networks residing behind firewalls.
InfoSonics will begin by offering the Merlin C201™, Merlin U520™ and Merlin V620™ Wireless PC Card Modems to its extensive reseller distribution channels, including its dealer agent base and regional operators. The Merlin C201 leverages 1900 MHz band CDMA2000 1X networks, providing wireless connectivity at speeds up to 144 kbps. The Merlin U520 operates on 1900 MHz band UMTS networks in North America, supporting broadband speeds up to 384 kbps. The Merlin V620 operates on 800 and 1900 MHz band CDMA2000 1xEV-DO networks and transmits data at speeds of 300 - 500 kbps, with bursts up to 2.4 Mbps. All Merlin Wireless PC Card Modems feature a rugged internal antenna and are compatible with most popular laptop makes and models.
"We are excited about the new partnership with Novatel Wireless," said Joseph Ram, Chief Executive Officer of InfoSonics. "Novatel Wireless will have access to the InfoSonics infrastructure and customer relationships in the US, Latin America and the Caribbean, while InfoSonics will have the opportunity to offer a leading-edge product to its existing customers and channels. Novatel Wireless's innovative EVDO and UMTS product lines, coupled with InfoSonic's dedication to this business, will, we believe, make this partnership a great success. We expect strong growth in this segment of the market as more 3G data services and connectivity applications become available, providing a more stable revenue stream for our customers."
"As wireless high-speed broadband becomes widely available, we believe that enterprises will increasingly look to value-added distributors like InfoSonics for their 3G wireless solutions," said Rob Hadley, Senior Vice President of Worldwide Sales and Marketing at Novatel Wireless. "As one of the world's premier distributors of mobile solutions, Novatel Wireless is confident that InfoSonics has the industry knowledge that further extends our market reach."
InfoSonics is one of the largest distributors of wireless handsets and accessories in the United States and Mexico, and also distributes products in other portions of North, Central and South America. For the wireless telecommunications industry, InfoSonics provides flexible and cost effective solutions including; purchasing, marketing, selling, warehousing, order assembly, programming, packing, shipping and delivery. InfoSonics supports the manufacturers in moving their products to agents, resellers, distributors, independent dealers, retailers and wireless network operators in the U.S. and Latin America. For additional information, please visit http://www.InfoSonics.com.
ABOUT NOVATEL WIRELESS, INC.
Novatel Wireless, Inc. is a leading provider of wireless broadband access solutions. Novatel Wireless' Merlin™ PC Cards, Expedite™ Embedded Modems, Freedom Box™ Ruggedized Modems, MobiLink™ Communications Software Suite, Ovation™ 3G Multimedia Application Consoles and Conversa™ Software Suite enable high-speed wireless access to personal, corporate and public information. The company delivers innovative 3G solutions to operators, distributors and vertical markets worldwide. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information on Novatel Wireless visit www.novatelwireless.com
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, new product introductions, continued acceptance of Novatel Wireless' products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at www.sec.gov) and other regulatory agencies .In addition readers should carefully review the risks described in other documents that InfoSonics files from time to time with the Securities and Exchange Commission ("SEC"), including the final prospectus filed June 18, 2004, in connection with the Company's initial public offering. InfoSonics undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
© 2005 Novatel Wireless. All rights reserved. The Novatel Wireless logo, Merlin, Merlin C201, Merlin U520, Merlin V620, Expedite, Freedom Box, MobiLink, Ovation, and Conversa are trademarks of Novatel Wireless, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.
Katie Assar/Noah Dye
Jeffrey A. Klausner