VANCOUVER, Aug. 5 /CNW/ - Sierra Wireless (NASDAQ: SWIR - TSX: SW)
announced today they have completed an agreement to purchase the assets of
Junxion, Inc. effective immediately.
Based in Seattle, Junxion is a privately held company that delivers
managed 3G wireless router solutions for enterprise and government customers.
Junxion's platform provides reliable and secure real-time data access for
mission-critical applications anywhere cellular connectivity is available.
"The purchase of Junxion's assets is consistent with our strategy of
building differentiation and expanding our position in the mobile and M2M
space," said Jason Cohenour, President and CEO of Sierra Wireless. "By
leveraging Junxion technology and incorporating it into our Mobile and M2M
product portfolio, we will enhance and diversify our offering of high value
equipment, services, and software to support this growing market."
Junxion products and technology will be integrated into the Mobile & M2M
group at Sierra Wireless. Sierra Wireless will continue to support existing
Junxion products and customers and work with existing Junxion partners to
deliver compelling products and services.
For more information on Junxion please visit www.junxion.com
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR - TSX: SW) modems and software connect
people and systems to mobile broadband networks around the world. The Company
offers a diverse product portfolio addressing enterprise, consumer, original
equipment manufacturer, specialized vertical industry, and machine-to-machine
markets, and provides professional services to customers requiring expertise
in wireless design, integration, and carrier certification. For more
information about Sierra Wireless, visit www.sierrawireless.com.
This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements relate to, among other
things, plans and timing for the introduction or enhancement of our services
and products, statements about future market conditions, supply conditions,
channel and end customer demand conditions, revenues, gross margins, operating
expenses, profits, and other expectations, intentions, and plans contained in
this press release that are not historical fact. Our expectations regarding
future revenues and earnings depend in part upon our ability to successfully
develop, manufacture, and supply products that we do not produce today and
that meet defined specifications. When used in this press release, the words
"plan", "expect", "believe", and similar expressions generally identify
forward-looking statements. These statements reflect our current expectations.
They are subject to a number of risks and uncertainties, including, but not
limited to, changes in technology and changes in the wireless data
communications market. In light of the many risks and uncertainties
surrounding the wireless data communications market, you should understand
that we cannot assure you that the forward-looking statements contained in
this press release will be realized.
For further information:
For further information: Trent Punnett, Sierra Wireless,
firstname.lastname@example.org, T: (604) 231-1111