SAN DIEGO & DALLAS--(BUSINESS WIRE)--
Novatel Wireless, Inc. (Nasdaq: NVTL), a leading provider of intelligent
wireless solutions, today announced that it has entered into a Supply
Agreement with LoJack SCI, the leading supplier of supply chain
integrity and tracking solutions. The agreement includes
Machine-to-Machine (M2M) mobile tracking and workforce monitoring
devices by Novatel Wireless, which will serve as a key component of
LoJack SCI's cargo and asset tracking offerings. The Agreement also
provides for recurring revenue share by Novatel Wireless generated from
LoJack SCI's service offerings facilitated by Novatel Wireless
technology.
LoJack SCI will market, install and service a wide range of Novatel
Wireless' Mobile Tracking (MT) and workforce monitoring solutions,
including its industry leading MT™ 4000 and the Mini-MT™. Novatel
Wireless Mobile Tracking products will be optimized and integrated with
the LoJack InTransit platform to provide high value security, chain of
custody and environmental tracking of cargo and related assets,
maximizing supply chain performance for their clients.
"This strategic agreement enables both companies to strengthen their
position as best-in-class providers of M2M solutions to the enterprise
and consumer markets," said Peter Leparulo, CEO of Novatel Wireless.
"LoJack SCI's strong brand, excellent reputation and far-reaching market
presence will introduce Novatel Wireless' mobile tracking and workforce
monitoring solutions to new business segments, enabling LoJack SCI to
provide safety, security, monitoring, protection and recovery for a
growing range of valuable assets and entities."
"This agreement is a vital element in our strategy to continue building
on our market leadership with a wider range of solutions that add value
for our supply chain tracking customers," said Ted Wlazlowski, CEO and
President of LoJack SCI. "Novatel Wireless' industry leading M2M device
portfolio coupled with our innovative services and enterprise solutions
will serve both existing and new customers with the best-in-class supply
chain tracking solutions."
For more information about the LoJack SCI supply chain protection
offerings, please go to www.LoJackSCI.com.
ABOUT NOVATEL WIRELESS
Novatel Wireless, Inc. is a leader in the design and development of
intelligent wireless solutions based on 2G, 3G and 4G technologies. The
company delivers specialized wireless solutions to carriers,
distributors, retailers, OEMs and vertical markets worldwide. Product
lines include MiFi® Intelligent Mobile Hotspots, Ovation™ USB modems,
Expedite® embedded modules, Enfora® Mobile Tracking Solutions, Enfora
Asset Tracking Solutions, and Enabler smart M2M modules. These
innovative products provide anywhere, anytime communications solutions
for consumers and enterprises. Headquartered in San Diego, California,
Novatel Wireless is listed on NASDAQ: NVTL. For more information please
visit www.nvtl.com.
(NVTLG)
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.
(C) 2013 Novatel Wireless. All rights reserved. The Novatel Wireless
name and logo, N4A and Enabler are trademarks of Novatel Wireless, Inc.
Other product or service names mentioned herein are the trademarks of
their respective owners.
ABOUT LOJACK SCI
LoJack Supply Chain Integrity (LoJack SCI) provides integrated solutions
for supply chain protection that include shared supply chain
intelligence and analytics, covert cargo tracking, monitoring, and
recovery services. The LoJack SCI solutions feature proactive alert
based security and increased visibility across all modes of
transportation with clear chain of custody management utilizing active
sensing of the cargo's environment while in-transit. For more
information, go to www.lojacksci.com.
Novatel Wireless
Charlotte Rubin, +1 (858) 812-3431
crubin@nvtl.com
Source: Novatel Wireless
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