Orders Add to Prior XP5plus and XP10
Smartphone Stocking Orders for Summer and Fall 2022
AUSTIN,
Texas, June 14, 2022 /PRNewswire/ -- Sonim
Technologies (NASDAQ: SONM) today announced multiple
additional purchase orders totaling $6.4
million for stocking inventory of Sonim's upcoming XP5plus
feature phone with enhanced PTT capabilities and Sonim's
next-generation XP10 5G rugged smartphone. The orders are from a
top U.S. carrier customer and two Canadian carriers, adding to
previously announced initial stocking orders for $9.5 million on these devices from a top U.S.
carrier.
"We are excited to secure additional orders from a long-time
carrier partner in the U.S. and from two Canadian partners,
expanding on our previously announced initial stocking orders for
the new rugged XP5plus and XP10 smartphone devices," said
Peter Liu, Chief Executive Officer
at Sonim. "These additional awards speak to the expected market
enthusiasm for our next generation rugged devices, purpose built
with Sonim's rugged engineering technologies to work in field
applications where traditional consumer devices simply do not get
the job done."
"We are moving ahead rapidly on our new business strategy to
offer a wider range of rugged 5G smartphones, feature phones, hot
spots and industrial communications equipment focused on these
unique but underserved market needs," said Liu. "We are already in
discussion around additional carrier awards for both existing and
new devices as we continue to focus on carrier partner needs not
well served by currently available hardware solutions."
The XP5plus is expected to be available later this summer;
shipments of the new XP10 rugged 5G smartphone device are expected
to begin in the fall of 2022.
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.
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 availability 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 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 Quarterly Report on Form
10-Q for the quarter ended March 31,
2022, 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.