Helix Wireless Harnesses the Power of the Pareteum Experience Cloud™ IoT Platform

Date : 11/14/2019 @ 2:00PM
Source : PR Newswire (US)
Stock : Pareteum Corporation (TEUM)
Quote : 0.695  -0.075 (-9.74%) @ 5:00AM
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Helix Wireless Harnesses the Power of the Pareteum Experience Cloud™ IoT Platform

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NEW YORK, Nov. 14, 2019 /PRNewswire/ -- Pareteum Corporation (Nasdaq: TEUM) the rapidly growing cloud communications platform company, today announced an agreement with Helix Wireless, Inc. to utilize the Pareteum Experience Cloudᵀᴹ to provide IoT management and connectivity across their suite of services.

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The extensive reach and scale of the Pareteum Experience Cloud IoT platform will enable Helix Wireless to provide IoT solutions and access to valuable data and insights in real time and in a secure and cost-effective manner. Helix will have visibility into the performance, status, and behavior of each customer using their Pareteum-powered services.

"Our offering relies on actionable information and data that is secure, reliable, and efficient," said John Squillace, CEO and President of Helix Wireless.  "The Pareteum Experience Cloud enables us to intelligently manage our services and guarantee a high-caliber experience for our customers. This new vertical delivers connectivity to IoT devices and enables their rapid deployment in the market."

"The advertising sector is transforming as IoT solutions are adopted across a wider range of applications and use cases," said Pareteum Chief Sales Officer, Rob Mumby.  "Helix is on the cutting edge and our Experience Cloud platform provides the flexibility and scalability required to remain at the forefront."

About Pareteum Corporation:
Millions of people and devices are connected around the world using Pareteum's Global Cloud Communications Platform, enhancing their mobile experience. Pareteum unleashes the power of applications and mobile services, bringing secure, ubiquitous, scalable, and seamlessly available voice, video, SMS/text messaging, and data, media and content enablement to our customers, making worldwide communications services easily and economically accessible to everyone. By harnessing the value of our cloud communications platform, Pareteum serves enterprises, communications service providers, early stage innovators, developers, IoT, and telecommunications infrastructure providers. Pareteum envisions a new mobile communications experience imagining what will be, and delivering now. Pareteum currently has offices in North America, South America, Spain, Bahrain, Singapore, India, Indonesia, Germany, Belgium, United Kingdom, Russia, and the Netherlands. For more information please visit: www.pareteum.com.

About Helix Wireless:
Helix Wireless, Inc. is a firm based in Colonia, New Jersey. They focus on providing low cost, highly efficient solutions to consumers and businesses with a focus on IOT. With over 40 years of combined experience in driving sales, satisfaction, and success consumers and Fortune 50 Organizations, Helix provides top level insight and capabilities that enable their clients to reach their goals.  John Squillace also serves as President and CEO of Helix Global, www.helixgbl.com.

Forward Looking Statements:
Certain statements contained herein constitute "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Pareteum's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Pareteum's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of Pareteum may differ materially from the results expressed or implied by such forward-looking statements. These risks include, among other things (1) the ability to complete Pareteum's restatement of its previously issued consolidated financial statements as of and for the full year ended December 31, 2018, and interim periods ended March 31, 2019 and June 30, 2019 and address any material weaknesses, the timing of the completion of necessary restatements, interim reviews and audits by the Company's independent registered public accounting firm, (2) risks relating to the substantial costs and diversion of personnel's attention and resources deployed to address the restatement of the affected financial statements and internal control matters, (3)  the risk of litigation or regulatory action arising from the restatement of the affected financial statements, (4) the timing of the review by, and the conclusions of, the Company's independent auditor regarding the restatement, (5) the ability of the Company to remediate any material weaknesses in internal control over financial reporting, (6) potential reputational damage that the Company may suffer as a result of the restatement of the affected financial statements, (7) the impact of the restatement of the affected financial statements on the value of the Company's common stock, and (8) the risk that the filing of the restatement of the affected financial statements will take longer than anticipated. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Pareteum also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. 

Media Inquiries
Pareteum Investor Relations Contacts:
Carrie Howes
Investor Relations
+1 650 232 4238

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SOURCE Pareteum Corporation

Copyright 2019 PR Newswire

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