T-Mobile and Sierra Wireless sign MOU for joint M2M offerings
Bonn, Germany and Vancouver, Canada – T-Mobile and Sierra Wireless (NASDAQ: SWIR - TSX: SW) today announced the signature of a Memorandum of Understanding (“MOU”) that is expected to lead to a joint solution offerings for the Machine-to-Machine (M2M) communications market.
The companies share the view that along the M2M value chain, alliances between key players will prove necessary in order to satisfy customer needs. Both companies also see the need for simplified and predefined M2M solution offerings in order to accelerate customer adoption. The objective of signing the MOU is to create a framework for the joint development of such predefined solutions for the M2M market.
The areas of co-operation identified by the MOU are product development, marketing, sales and deployment of M2M solutions and related services. The objectives of the co-operation include:
* to develop a shared M2M market sub-segmentation
* to identify target customers, with particular focus on the automotive, fleet, navigation, utility and security markets
* to develop a joint M2M solution offering
* to assess the possibility to ship Sierra Wireless products with pre-loaded T-Mobile subscriptions
The co-operation targets the European market, with initial focus on Germany.
Rainer Deutschmann, Senior Vice President of Mobile Products at Deutsche Telekom, said: “We are delighted to cooperate with the innovation leader in the embedded modules area. Our joint efforts are intended to bring optimized, out-of-the-box solutions to our M2M customers, and we trust that the results of our co-operation will be appreciated by the M2M market.”
Dan Schieler, Senior Vice President of Worldwide Sales at Sierra Wireless, added: “We believe that there is a huge potential for many M2M customers to save great amounts of time and money. Teaming up with one of the leading network operators represents a further step ahead in Sierra Wireless’ strategy, aimed at providing M2M customers with complete solutions which help them grow their business.”
About Deutsche Telekom
Deutsche Telekom is one of the leading integrated telecommunications companies worldwide with groupwide more than 148 million mobile customers, around 40 million fixed-network lines and almost 17 million broadband lines (as at: March 31, 2009). With its product brands T-Home (fixed-network telephony, broadband Internet), T-Mobile (mobile communication) and T-Systems (ICT solutions) Deutsche Telekom is positioned as international provider of connected life and work services. The group is present in around 50 countries throughout the world with around 261,000 employees (as at: March 31, 2009). In 2008 Deutsche Telekom generated revenues of EUR 61.6 billion. Further information is available at www.telekom.com.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR – TSX: SW) products connect people and machines to wireless networks around the world. We offer an advanced, comprehensive product line, addressing consumer, enterprise, original equipment manufacturer, and specialized vertical industry markets. We also offer a wide range of professional and operated services. Our solutions are used for mobile computing, transportation, industrial M2M (machine-to-machine), enterprise, residential and consumer communications applications. For more information about Sierra Wireless, visit www.sierrawireless.com or www.wavecom.com.
Sierra Wireless Forward Looking Statements
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 communications market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.
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