Novatel Wireless and NOMD Strengthen Market Position in Saudi Arabia Through the Delivery of Integrated M2M and IoT Solutions...
December 11 2014 - 9:05AM
Novatel Wireless, Inc., (Nasdaq:MIFI), a leading provider of
wireless solutions for the Internet of Things (IoT) announced a
distribution agreement and strategic partnership with NOMD Telecom
and Information Technologies Company, a leading provider of telecom
and IT solutions in the Kingdom of Saudi Arabia (KSA). Under the
Agreement, NOMD will offer a comprehensive portfolio mix of Novatel
Wireless MiFi® brand IoT specialized and scalable telematics and
telemetry solutions and MiFi brand of LTE mobile hotspots
throughout KSA. The partnership addresses market needs to offer
proven, fully integrated IoT solutions for a variety of M2M
verticals, operators and the enterprise in order to simplify
deployment and ensure reliability.
According to a December 2014 report from Micro Market Monitor,
the KSA IoT and M2M communication market is estimated to grow from
$4.88B in 2014 to $16.01B by 2019, at a CAGR of 26%. The main
drivers for growth in the region are recent infrastructure
developments and government regulation programs, including an
increase in LTE deployments. The areas that will see the most
growth are in the telematics verticals, particularly transportation
and automotive segments and the telemetry verticals, including
smart cities, video surveillance, and digital signage. The MiFi
Powered SA 2100 LTE Gateway is an ideal turnkey solution with an
open platform that is well-suited for these applications, in
addition to other specialized solutions in the portfolio.
One of the major challenges the region faces with M2M is
fragmentation and a portfolio selection from leading IoT companies
with strict quality standards and complete solution ownership. The
ability to offer vertical-specific solutions that work seamlessly
across a range of applications with flexibility, scalability,
turnkey cloud services and compatibility with service provider
platforms is a critical competitive advantage which Novatel
Wireless offers NOMD and their customers.
"The MiFi brand of M2M and IoT solutions perfectly complements
our offering and we are excited to provide these premium solutions
to our valued customers and partners," said, Mohammed Alkhushail,
CEO of NOMD. "Novatel Wireless is widely regarded in the region as
a vertically aligned industry IoT leader, that has a reputation for
high-quality standards and a proven track record for products that
perform reliably in the area's environmental landscape. With this
addition to our portfolio, NOMD will ensure our customers can have
the confidence to deploy best-of-breed IoT and M2M solutions for
almost any requirement, quickly and easily."
"NOMD has an excellent presence in the Kingdom and has impressed
the channel as a reliable solutions and logistics partner for many
years, which is why we selected them as a strategic partner in the
region," said Slim Souissi, President and COO of Novatel Wireless.
"This partnership builds on our strategy to further increase our
leadership in the Middle East while offering NOMD customers and
partners new opportunities to diversify and increase their revenue
streams through the delivery of our specialized IoT portfolio."
Novatel Wireless has a solid reputation for delivering
high-quality IoT solutions in the Middle East. The company
delivered connected vehicle solutions in partnership with Abdul
Latif Jameel Co. Ltd. (ALJ), the sole distributor of Toyota, Lexus
and Daihatsu vehicles in Saudi Arabia, mobile broadband USB modems
with Saudi Telecom Company (STC), and the MiFi brand of mobile
hotspots with Zain. Most recently, Novatel Wireless announced a
distribution agreement with Server Corner Globaltech, servicing the
UAE, Bahrain, and Qatar.
About Novatel Wireless
Novatel Wireless, Inc. (Nasdaq:MIFI) is a leader in the design
and development of M2M wireless solutions based on 2G, 3G and 4G
technologies. The Company delivers Internet of Things (IoT) and
Cloud SAAS services to carriers, distributors, retailers, OEMs and
vertical markets worldwide. Product lines include MiFi® Intelligent
Mobile Hotspots, USB modems, Expedite® and Enabler embedded
modules, Mobile Tracking Solutions, and Asset Tracking Solutions.
These innovative products provide anywhere, anytime communications
solutions for consumers and enterprises. Novatel Wireless is
headquartered in San Diego, California. http://www.nvtl.com. @MiFi
(Twitter)
MiFi is a registered trademark of Novatel Wireless, Inc. –
the creators and patent holders of MiFi technology.
About NOMD
NOMD Telecom and Information Technologies Company, a fully owned
subsidiary of the Future Horizons Group, provides a complete suite
of telecom and IT solutions servicing the Kingdom of Saudi Arabia
since 1997. As a total solutions provider and logistics
partner, their offering includes products, services, projects,
training and consulting, outsources human resources and mobile
application development.
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.
CONTACT: Editorial Contacts:
For Novatel Wireless
Anette Gaven
agaven@nvtl.com
619.993.3058
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