© Sierra Wireless. All rights reserved.
Simplify Global IoT Deployments with Smart Connectivity. One SIM, Partner and Platform for seamless expansion.
Multi-carrier SIM options including 5G, LPWA and LTE for North American IoT Deployments.
Keep your global IoT connectivity deployments under control through AirVantage® IoT Connectivity Platform.
Simplify Global IoT Deployments with our ready-to-connect modules, gateways & routers.
Read our managed connectivity use cases and customer stories.
Purchase SIMs and Connectivity data plans directly through our eStore.
Find the Right IoT Module or Gateway that delivers best-in class capabilities for your IoT project.
Accelerate 5G deployments and streamline logistics with one global 5G IoT module that provides worldwide coverage.
Integrate 4G broadband connectivity with high performance 4G LTE Cat-7 to Cat-20 modules.
Make IoT devices smart with 4G LTE Cat-1 or Cat-4 modules with optional edge processing.
Connect IoT devices that need long battery life, extended coverage and lower BOM cost.
Industrial-grade short-range modules enable OEMs to integrate Wi-Fi and Bluetooth into their projects.
Industrial-grade GNSS modules that are ultra-compact, low-power and deliver high-performance GNSS tracking.
Rapidly add wireless connectivity with plug-and-play IoT gateways.
Develop edge application with the Legato® open source application framework.
Orchestrate IoT data and devices with the Octave™ Edge-to-Cloud solution.
Accelerate your deployment of new applications with our 5G and 4G LTE cellular routers solutions.
AirLink Services empower you to self-manage devices, access robust reporting & support packages.
Accelerate your deployment with always-on Connectivity provided by our high-performance AirLink antennas.
Learn more about how Sierra Wireless AirLink router solutions applying to each industry.
Industrial companies across sectors are leveraging IIoT solutions to transform business models.
Sierra Wireless' IoT Solutions for utilities, smart metering and pipeline management transform businesses.
Connect devices, vehicles and infrastructure everywhere in cities to reduce energy and water consumption to improve safety and quality of life.
Enable companies to manage their fleet and track vehicles, containers and other assets as they move through the supply chain.
Improve efficiency, reduce energy usage and build a better working environment by using the IoT to create smart commercial buildings.
Healthcare companies and service providers can rely on Sierra Wireless to unlock the exciting new benefits of the Internet of Medical Things.
The IoT is transforming mission-critical applications first responders need to do their jobs while improving health and safety in their communities.
Obtain the latest Analyst research reports and IoT Whitepapers by Sierra Wireless.
Download the latest eBooks to learn more from Sierra Wireless.
Watch our recent webinars highlighting analyst research and Sierra Wireless thought-leadership.
Read the latest Analyst research reports.
Read our customer stories to see how Sierra Wireless helps customers overcome their business challenges.
View our Infographics to understand complex IoT topics in a simplified visual way.
Stay up to date on IoT trends, updates, insights and solutions from industry experts and professionals on our Internet of Things Blog.
Sign up to receive Sierra Wireless' quarterly newsletter. Each issue casts a spotlight on wireless applications, innovations and product offerings.
IoT Videos from Sierra Wireless.
IoT Podcasts from Sierra Wireless.
Purchase SIMs, Data plans and other ready-to-go products through our eStore.
Purchase turnkey Asset, Cargo, Satellite and Fleet Tracking, Remote Monitoring Solution and Cellular Alarm Communicators.
A fully managed portfolio of offerings provides stress-free, cost-effective, and reliable internet management.
Are you interested in learning more about how IoT solutions can transform your business? We're happy to help.
Partnered with experts in cellular connectivity to provide sales and support in over 50 countries around the world. Connect with a trusted Sierra Wireless Partner.
Sierra Wireless simplifies the IoT, delivering you the Connectivity, Modules, and Router Solutions you need to accelerate your data-driven transformation.
Meet the Sierra Wireless leadership team. Respected professionals in their field, the Sierra Wireless leadership team has decades of M2M and IoT experience.
Sierra Wireless is continually committed to improving the social and environmental impact of our business operations.
Read our quarterly results, annual reports and upcoming investor events and presentations.
Read our press releases, stay up to date with company news and financial reports and see Sierra Wireless in the media.
We attend trade shows, conferences and major events around the globe, year round. Find out where you can meet us next!
Understand how Sierra Wireless takes an end-to-end approach to provide you with the most secure IoT cybersecurity solutions available in the market.
Partner with Sierra Wireless; We are an IoT leader across the globe with over 30 years experience.
A stable, team-centered culture that attracts and retains some of the most talented professionals. View job opportunities now.
Find contact information for Sierra Wireless, including sales, technical and customer support, global offices, investor relations and media inquiries.
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) (the “Company” or “Sierra Wireless”), the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy, today announced it has completed the previously announced sale of its Shenzhen, China-based automotive embedded module product line to Rolling Wireless (H.K.) Limited (“Rolling Wireless”) for US$165 million in cash. The sale of the automotive product line includes approximately US$19 million of cash and is subject to normal working capital adjustments.
“This divestiture of the Automotive product line enables Sierra Wireless to strengthen our focus and success in investment in our IoT Solutions that deliver high-value recurring revenue,” said Kent Thexton, President and CEO of Sierra Wireless. “Completing the transaction also gives us financial strength as we expand our position in the growing IoT solutions market as well as broaden our portfolio of new 5G modules and gateways for the Enterprise and Mobile Broadband markets.”
The automotive embedded modules were developed in China by Sierra Wireless and manufactured in China by outsourced contract manufacturers for sale to global electronics companies for integration into new vehicles assembled in China, Europe, and Mexico. Approximately 150 of the Company’s employees located in Mainland China, Europe and in the Asia Pacific region are becoming employees of Rolling Wireless upon the closing of the transaction.
The divested Automotive product line was a part of the Company’s Embedded Broadband reporting segment. Sierra Wireless has exited automotive applications but will continue to invest in high-speed cellular modules used in Enterprise and Mobile Broadband applications. These retained products include 4G LTE and LTE-Advanced cellular embedded modules that are ordered in large volumes as well as our new industry-leading 5G modules the company announced in the Fourth Quarter this year.
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the leading IoT solutions provider that combines devices, network and software to unlock value in the connected economy. Companies globally are adopting IoT to improve operational efficiency, create better customer experiences, improve their business models and create new revenue streams. Whether it is a solution to help a business securely connect edge devices to the cloud, or a software/API solution to help manage processes associated with billions of connected assets, or a platform to extract real-time data to make the best business decisions, Sierra Wireless will work with you to create the right industry-specific solution for your next IoT endeavor. Sierra Wireless has more than 1,300 employees globally and operates R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.
“Sierra Wireless” is a trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.
Certain statements and information in this press release constitute forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws (“forward-looking statements”) with respect to the transaction, including statements with respect to the Company’s future business prospects, performance and growth program, expectations regarding product launches in the Fourth Quarter of this year; expectations regarding trends and growth in the IoT market and wireless module market and the Company’s expected use of proceeds. Although Sierra Wireless believes these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties, including stock exchange and securities regulatory matters. A further discussion of the risks and uncertainties facing Sierra Wireless are discussed in its Annual Information Form and Management’s Discussion and Analysis of Financial Condition and Results of Operations, which may be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov and in Sierra Wireless’ other regulatory filings with the Securities and Exchange Commission in the United States and the provincial securities commissions in Canada. While Sierra Wireless makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected, depending on the outcome of certain factors, including the possibility that the anticipated benefits of the sale will not be realized or will be not be realized within the expected timeframe. Except as may be required by applicable securities laws, Sierra Wireless assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
Kim Homeniuk
Media Relations
phone: +1 604 233 8028
pr@sierrawireless.com
David Climie
Investor Relations
phone: +1 604 231 1137
dclimie@sierrawireless.com
© Sierra Wireless. All rights reserved.