Orders for Next Generation XP5 Plus and XP10
Smartphone in Summer and Fall 2022
AUSTIN,
Texas, May 5, 2022 /PRNewswire/ -- Sonim
Technologies (Nasdaq: SONM) today announced purchase orders
totalling $9.5 million from a top
U.S. carrier customer. The purchase orders cover initial stocking
inventory for two of the company's next-generation ultra-rugged
phones to be introduced in 2022 – the XP5 Plus feature phone with
enhanced PTT capabilities and Sonim's next-generation XP10 5G
rugged smartphone.
"We are excited to secure these initial orders from a long-time
carrier partner for our new rugged XP5 Plus and XP10 smartphone
devices, planned for introduction later this year," said
Peter Liu, Chief Executive Officer
at Sonim. "These early awards demonstrate the carrier excitement
for our next generation phones featuring Sonim's rugged engineering
technologies. We believe these awards are also early indicators of
the market demand we seek to tap under our new business strategy,
offering a wider range of 5G smartphones, feature phones, mobile
hot spots and other industrial communications equipment that
incorporate our rugged heritage."
The XP5 Plus is expected to be available this summer, and
Sonim's new XP10 rugged 5G smartphone device are expected to begin
shipments in the fall. The carrier awards were made based on the
design specifications, feature set and costs provided by Sonim as
part of an RFP process.
Sonim is a leader in rugged mobile phones for task workers in
industries such as public safety, construction, manufacturing,
field service, transportation, hospitality and more. Key features
of the new devices include:
- Support for 5G networks, FirstNet public safety broadband
network, and CBRS-based private networks.
- Ultra-bright sunlight readable displays and glove touch enabled
screens designed for use in outdoor conditions.
- OneTouch PTT – a dedicated PTT button provides instant
communications with no need to wake up the device or launch the app
like consumer smartphones
- Ultra-loud speakers and noise suppression – ensure you can stay
in communication in the harshest conditions
- Red (Emergency) Button – instantly alert dispatch and/or
emergency services which can be customized with the free Sonim SOS
application and available through the FirstNet App Catalog
- Ultra-rugged accessories – a broad range of industrial
accessories, including remote speaker microphones, wireless mics,
in-vehicle mounts to address the common needs of first
responders
About Sonim
Sonim Technologies is a leading U.S.
provider of ultra-rugged mobile phones and accessories designed
specifically for task workers physically engaged in their work
environments, often in mission-critical roles. We currently sell
our ruggedized mobility solutions to several of the largest
wireless carriers in the United States— including AT&T,
T-Mobile and Verizon—as well as the three largest wireless carriers
in Canada—Bell, Rogers and Telus Mobility. Our phones and
accessories connect workers with voice, data and workflow
applications in two end markets: industrial enterprise and public
sector. Our ruggedized phones and accessories are sold through
distributors in North America,
South America and Europe. For more information, visit
www.sonimtech.com.
Participants in the Solicitation of Proxies
This
communication is not a solicitation of a proxy from any investor or
securityholder. Sonim, and its directors, executive officers and
other members of their management and employees may, under SEC
rules, be deemed to be participants in the solicitation of proxies
of Sonim's stockholders in connection with the transaction.
Investors and securityholders may obtain more detailed information
regarding the names, affiliations and interests of Sonim's
directors and executive officers in Sonim's Annual Report on Form
10-K filed with the SEC on March 21,
2022, as amended, and other reports filed with the SEC.
Additional information regarding the participants will also be
included in the proxy statement, when it becomes available. When
available, these documents can be obtained free of charge from the
sources indicated above.
Important Cautions Regarding Forward-Looking
Statements
This release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, as amended. These statements relate to, among other
things, the expected timing of the availbility of Sonim's XP5 Plus
and XP10 5G smartphones and the expected market demand for these
products. These forward-looking statements are based on Sonim's
current expectations, estimates and projections about its business
and industry, management's beliefs and certain assumptions made by
Sonim, all of which are subject to change. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as, "future", "believe," "expect,"
"may," "will," "intend," "estimate," "continue," or similar
expressions or the negative of those terms or expressions. Such
statements involve risks and uncertainties, which could cause
actual results to vary materially from those expressed in or
indicated by the forward-looking statements. Factors that may cause
actual results to differ materially include, but are not limited
to, the following: Sonim's ability to continue as a going concern
and improve its liquidity and financial position; the risk that the
proposed equity investment in Sonim as disclosed in April 2022 may be be consummated on a timely
basis, if at all; Sonim's exploration of strategic or financial
alternatives may not result in any transaction or alternative that
enhances value; risks related to Sonim's ability to comply with the
continued listing standards of the Nasdaq Stock Market and the
potential delisting of Sonim's common stock; Sonim's ability to
continue to develop solutions to address user needs effectively,
including its next generation products; anticipated sales levels of
both new and legacy products; Sonim's reliance on its channel
partners to generate a substantial majority of its revenues; the
limited operating history in Sonim's markets; Sonim's ongoing
restructuring and transformation of its business; the variation of
Sonim's quarterly results; the lengthy customization and
certification processes for Sonim's wireless carries customers; the
impact of the COVID-19 pandemic; and the ongoing Securities and
Exchange Commission investigation on Sonim's business, as well as
the other risk factors described under "Risk Factors" included in
Sonim's Annual Report on Form 10-K for the year ended December 31, 2021, and any risk factors contained
in subsequent quarterly and annual reports it files with the
Securities and Exchange Commission (available at www.sec.gov).
Sonim cautions you not to place undue reliance on forward-looking
statements, which speak only as of the date hereof. Sonim assumes
no obligation to update any forward-looking statements in order to
reflect events or circumstances that may arise after the date of
this release, except as required by law.
FirstNet and the FirstNet logo are registered trademarks of the
First Responder Network Authority. All other marks are the
property of their respective owners.
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SOURCE Sonim Technologies, Inc.