Business News
Sierra Wireless Completes Asset Purchase Agreement with Junxion, Inc.
2008-08-05 08:00:00
VANCOUVER, Aug. 5 /EMWNews/ - 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 http://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
http://www.sierrawireless.com.
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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