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.
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
Press@pareteum.com
Pareteum Investor Relations Contacts:
Carrie Howes
Investor Relations
+1 650 232 4238
carrie.howes@pareteum.com
Investor.relations@pareteum.com
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SOURCE Pareteum Corporation