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Novatel Wireless, Inc., (Nasdaq: NVTL) a leading provider of wireless broadband solutions, today introduces the Expedite(R) E373 embedded module, extending its innovative embedded mobile broadband portfolio for LTE connectivity worldwide.
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Novatel Wireless, Inc. (Nasdaq: NVTL), a leading provider of wireless broadband solutions, has entered into a definitive agreement to acquire Enfora, Inc., a privately-held, Texas-based provider of intelligent asset-management solutions utilizing wireless technology and machine-to-machine (M2M) communications, for approximately US$64.5 million in cash at closing, subject to certain working capital adjustments. Possible additional consideration of up to US$6 million is contingent on certain performance targets being met.

Enfora had revenues of US$61.3 million during the 12 month period ended September 30, 2010, with gross margins of approximately 36 percent. Novatel Wireless expects the acquisition to be immediately accretive to its non-GAAP earnings.

Enfora sells to a diverse base of customers, which includes enterprises, applications service providers, OEMs and distributors. Enfora’s product portfolio consists of smart M2M solutions — embedded platforms, integrated platforms, and embedded software — based on a distributed intelligent and customizable architecture that provides a valuable link between an enterprise and its remote assets. According to ABI Research, the market for cellular M2M connection revenue is expected to grow at an annual compound rate of more than 22 percent through 2014.
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Novatel Wireless, Inc. (Nasdaq: NVTL), a leading provider of wireless broadband access solutions, today announces its new Intelligent Mobile Hotspot — the MiFi 3352 — which comes pre-loaded with Novatel Wireless MiFi operating system (OS), widgets and applications support. This will enhance both the intelligence of the device and the user experience through applications capabilities across users’ Wi-Fi devices of choice. The device is today launching commercially in the UK with Orange under the name Mobile WiFi.
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Novatel Wireless, Inc., (Nasdaq: NVTL) a leading provider of wireless broadband solutions, today announced readiness of its 4G portfolio for next-generation technology. Novatel Wireless provides a full portfolio of mobile broadband solutions to supply its carrier and OEM customers with leading consumer and business connectivity solutions as they deploy new wireless networks or evolve their existing networks to 4G.

“Novatel Wireless is working closely with its carrier customers to roll out mobile broadband consumer devices aligned with carriers’ 4G launch plans. As such, we’re excited to start rolling out our devices and solutions for 4G technologies with upcoming network rollouts,” said Rob Hadley, CMO of Novatel Wireless.

LTE and WiMax is transforming the mobile broadband user experience, providing ultra fast mobile broadband anywhere, anytime with data rates of up to 100 Mbps. LTE and WiMax will provide unparalleled seamless services such as Internet TV, mobile video, and on-line video games – at speeds, which in many cases supersede wired home connectivity solutions today.

“The demand for next-generation mobile broadband devices is definitely heating up. We’re seeing tremendous interest for all our 4G product categories – LTE embedded modules, USB devices and our MiFi(R) Intelligent Mobile Hotspot,” Rob Hadley continued. “As a leader of innovative mobile broadband solutions and technology transition, we have assisted our customers with emerging technology many times over the last 15 years and we’re excited to help our partners secure a solid and reliable transition to next-generation 4G services.”

Novatel Wireless will be rolling out its 4G modem portfolio which builds on proven performance, high efficiency and innovative designs with industry-leading flexibility, convenience and reliability. The 4G modem portfolio is designed to provide connectivity virtually anywhere to check email, download rich multimedia content and stay connected to family, friends and coworkers.

Novatel Wireless’ Ovation(TM) 4G modems will offer unprecedented speed and performance with its advanced antenna technologies to maximize data throughput and operating range. Additionally they feature an auto install Mobilink(TM) 3 connection manager and backward compatibility with legacy wireless air-interface technologies.

Novatel Wireless

Novatel Wireless, Inc. (Nasdaq: NVTL), a leading provider of wireless broadband solutions, today announced the continued evolution of its USB product line with the launch of the Ovation(TM) MC545 to support operators rolling out Dual-Carrier HSPA+ (DC- HSPA+) networks with mobile broadband devices. At a press event in Madrid today, Telefonica Moviles launched the Ovation MC545 and showcased over-the-air download speed of 40.5 megabits per second (Mbps) supported by Ericsson’s DC-HSPA+ network infrastructure.

Continuing Novatel Wireless’ design legacy with a focus on functionality, reliability, leading edge technology and innovative sleek style, the Ovation MC545 modem is today the world’s most compact and light-weight DC-HSPA+ USB modem in the market place.

“With our relentless commitment to ensure our customers’ needs are met on schedule, we are very honored to support Telefonica Moviles with their DC-HSPA+ launch,” said Rob Hadley, CMO of Novatel Wireless. “In our development efforts, we emphasize providing the best mobile broadband experience and ease-of-use for consumers and we’re excited to be launching this first device as a part of a broader next-generation portfolio rolling out during the next two quarters.”
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