Novatel Wireless, Inc. (Nasdaq:NVTL), a leading provider of
wireless broadband access solutions, today announced that four
tier-one operators and two OEM partners, including existing and new
customers, have launched its next generation HSDPA product portfolio
throughout Europe. The customer relationships have resulted in more
than a 25 percent sequential increase in HSDPA EMEA sales in the first
quarter of 2007.
The Company currently has five products commercialized for the
European market across all product portfolio segments of PC and
ExpressCards(TM), embedded modules and Ovation fixed mobile solutions.
The Novatel Wireless Merlin(TM) XU870 HSDPA ExpressCard has now been
launched by four tier-one European operators in seven countries, and
will be made available by two tier-one OEM partners. In addition, the
Company expects to continue its market leadership in Europe with this
form factor by launching the Merlin X950D HSUPA ExpressCard.
The Company also announced that it will bring its popular Ovation
product line of fixed mobile solutions into Europe by launching a
robust next generation Ovation MC870D platform with tier-1 European
operators by the third quarter of 2007. Addressing fixed and mobile
platforms at speeds up to 7.2 Mbps, the Ovation MC870D will have a
diversity antenna for fringe coverage, an embedded connection manager,
and GPS capability for location based services. By downloading a
software application from the Novatel Wireless website, the MC870D
will enable a bridge between local area and wide area networks through
an embedded network module. As a result, multiple users will be able
to connect through a single device to the wide area network.
"We are very encouraged by the growing interest in the product
portfolio for our European business, which has resulted in an increase
in orders from new and existing tier-one operators in the market,"
said Brad Weinert, Acting CEO and COO of Novatel Wireless. "Having
generated over $30 million in sales with our Ovation product line for
EV-DO networks in the first quarter of 2007, we look forward to
delivering a robust HSDPA version of this product line into the
European market. We are very pleased that our trendsetting Ovation
portfolio is quickly becoming a key strategy for our customers to
address both the fixed and mobile markets and to increase their
revenue by incorporating innovative features that support greater
functionality and services."
Samples of the Ovation MC870D are now ready for testing and lab
submission. For additional information on the Ovation family of
products, please visit:
http://www.novatelwireless.com/products/ovation/index.html
ABOUT NOVATEL WIRELESS
Novatel Wireless, Inc. is revolutionizing wireless communications.
The Company is a leader in the design and development of innovative
wireless broadband access solutions based on 3G WCDMA (HSDPA & UMTS),
CDMA and GSM technologies. Novatel Wireless' Merlin(TM) PC Cards and
ExpressCards, Expedite(R) Embedded Modules, MobiLink(TM)Communications
Software Suite, Ovation(TM) Fixed Mobile Convergence Products and
Conversa(TM) Software Suite enable high-speed wireless access. 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 please visit www.novatelwireless.com. (NVTLG)
Cautionary Note Regarding Forward-Looking Statements
Some of the information presented in this release constitutes
forward-looking statements based on management's current expectations,
assumptions, estimates and projections. In this context,
forward-looking statements often address expected future business and
financial performance and often contain words such as "may,"
"estimate," "anticipate," "believe," "expect," "intend," "plan,"
"project," "will" and similar words and phrases indicating future
results. Forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those
anticipated in such forward-looking statements. The Company therefore
cannot guarantee future results, performance or achievements.
Factors that could cause actual results to differ materially from
Novatel Wireless' expectations are set forth as risk factors in the
Company's SEC reports and filings and include, without limitation, (1)
the future demand for wireless broadband access to data, (2) the
future growth of wireless wide area networking, (3) changes in
commercially adopted wireless transmission standards and technologies,
(4) continued acceptance of the Company's current products and market
demand for the Company's anticipated new product offerings in 2007,
(5) increased competition and pricing pressure from current or new
wireless market participants, (6) dependence on third party
manufacturers in Asia and key component suppliers worldwide, (7)
unexpected liabilities or expenses, (8) the Company's ability to
introduce new products in a timely manner, (9) litigation, regulatory
and IP developments, (10) dependence on a small number of customers,
(11) the effect of changes in accounting standards and in aspects of
our critical accounting policies and (12) the Company's plans and
expectations relating to strategic relationships, international
expansion, software and hardware developments, personnel matters and
cost containment initiatives.
These factors, as well as other factors detailed from time to time
in the Company's SEC reports and filings (available at www.sec.gov),
could cause actual results to differ materially. Novatel Wireless
assumes no obligation to update publicly any forward-looking
statements for any reason, even if new information becomes available
or other events occur in the future, except as otherwise required
pursuant to applicable law and our on-going reporting obligations
under the Securities Exchange Act of 1934, as amended.
(C) 2007 Novatel Wireless. All rights reserved. The Novatel
Wireless logo, Merlin, Expedite, MobiLink, Ovation and Conversa are
trademarks of Novatel Wireless, Inc. Other product or service names
mentioned herein are the trademarks of their respective owners.