Sierra Wireless Completes Asset Purchase Agreement with Junxion, Inc.
Vancouver (Canada) - August 5, 2008
Sierra Wireless (NASDAQ: SWIR - TSX: SW) announced today they have completed an agreement to purchase the assets of Junxion, Inc. effective immediately.
Based in Seattle, Junxion is a privately held company that delivers managed 3G wireless router solutions for enterprise and government customers. Junxion’s platform provides reliable and secure real-time data access for mission-critical applications anywhere cellular connectivity is available.
“The purchase of Junxion’s assets is consistent with our strategy of building differentiation and expanding our position in the mobile and M2M space,” said Jason Cohenour, President and CEO of Sierra Wireless. "By leveraging Junxion technology and incorporating it into our Mobile and M2M product portfolio, we will enhance and diversify our offering of high value equipment, services, and software to support this growing market.”
Junxion products and technology will be integrated into the Mobile & M2M group at Sierra Wireless. Sierra Wireless will continue to support existing Junxion products and customers and work with existing Junxion partners to deliver compelling products and services.
For more information on Junxion please visit www.junxion.com
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR – TSX: SW) modems and software connect people and systems to mobile broadband networks around the world. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, specialized vertical industry, and machine-to-machine markets, and provides professional services to customers requiring expertise in wireless design, integration, and carrier certification. For more information about Sierra Wireless, visit www.sierrawireless.com.
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data
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