Novatel Wireless and LoJack SCI Sign Agreement on M2M Based Supply Chain Protection Solutions
May 6, 2013
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.
Charlotte Rubin, +1 (858) 812-3431
Source: Novatel Wireless
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