Emerging Technology

Sierra Wireless advances 5G's move to the IoT with the completion of operator IOT, secure 5G modules that deliver the speed, latency and capacity required for next generation IoT applications

Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced that its EM9190 and EM9191 5G Sub-6/LTE NR embedded modules have completed interoperability testing (IOT) with NTT DOCOMO on their 5G network in Japan.

With this testing complete, EM9190 and EM9191 customers can commercially deploy networking devices, computing devices and other connected products on NTT DOCOMO's high speed 5G network for live video streaming, video security, high-definition cloud-based video gaming, extended reality (XR), robotics and other next generation IoT applications.

Transforming IoT with 5G

5G's higher data speeds, lower latency and higher device capacity are set to transform the IoT market, enabling OEMs, advanced electronic and other industrial companies to support enhanced mobile broadband, ultra-reliable, low-latency communication, and massive machine-type communication use cases that simply were not possible without 5G.

5G's ability to support these new use cases is why in a recent report , McKinsey and Company state, "As new use cases gain traction, it is expected that B2B 5G IoT unit sales will soar… in the B2B sphere, we expect total revenue for 5G IoT modules to increase from about USD 180 million in 2022 to almost USD 10 billion by 2030."

Modules Designed for Easy Integration, Private Networks, Global Connectivity

Based on the industry-standard M.2 form factor, the EM9190 and EM9191 modules are an industrial-grade module that enable OEMs, system integrators and other companies to easily integrate secure 5G connectivity into their products.

The EM9190 and EM9191 also include an embedded SIM (eSIM) based on GSMA's embedded SIM specification, eUICC. This eSIM makes it easier for customers to switch networks anytime using carrier-specific profiles, for added IoT product deployment simplicity and flexibility.

Part of Sierra Wireless' EM Series of modules, the EM9190 and EM9191 have been designed to connect to 5G networks around the world, and are currently being evaluated for certification by 5G mobile network operators in Europe, North America and other global regions.

OEMs and other IoT market leaders, including Allied Telesis, Dynabook, LiveU, NEC Personal Computers and Panasonic, are among the many companies who plan to use the EM9190, EM9191 or other EM Series modules to provide 5G connectivity for their products.

The EM9190 and EM9191 are currently available globally from Sierra Wireless' global network of partners.

For more information, visit:

To contact the Sierra Wireless Sales Desk, call +1 877-687-7795 or visit http://www.sierrawireless.com/sales .

Note to editors:

To view and download images of Sierra Wireless products, visit http://www.sierrawireless.com/newsroom/productimages.aspx .

About Sierra Wireless

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy. Companies globally are adopting 4G, 5G and LPWA solutions to improve operational efficiency, create better customer experiences, improve their business models, and create new revenue streams. Sierra Wireless will work with you to develop the right industry-specific solution for your next IoT deployment whether it is an integrated solution to help connect edge devices to the cloud, a software/API service to manage processes with billions of connected assets, or a platform to extract real-time data to improve business decisions. With more than 25 years of cellular IoT experience, Sierra Wireless is the trusted partner globally to deliver your next IoT solution. For more information, visit www.sierrawireless.com .

Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog , on Twitter at @SierraWireless, on LinkedIn at https://www.linkedin.com/company/sierra-wireless and on YouTube at https://www.youtube.com/SierraWireless .

"Sierra Wireless" is a registered trademark of Sierra Wireless, Inc. Other product or service names mentioned herein may be the trademarks of their respective owners.

Forward Looking Statements

This press release contains forward-looking statements. 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 but involve risks and uncertainties. These statements may relate to, among other things: plans and timing for the introduction or enhancement of our products and services, future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans that are not historical fact. These statements are subject to numerous risks and uncertainties surrounding our business and the markets we operate in, including, but not limited to, changes in technology and market conditions and our ability to implement our strategy and successfully develop, manufacture and supply new products and services. Due to these many risks and uncertainties we cannot assure you that the forward-looking statements contained in this press release will be realized.

Louise Matich
Sierra Wireless
Media Relations
phone: +1 236 979 2154
pr@sierrawireless.com

David Climie
Sierra Wireless
Investor Relations
phone: +1 604 321 1137
dclimie@sierrawireless.com

News Provided by Business Wire via QuoteMedia

Sierra Wireless Reports Second Quarter 2022 Results

Revenue in Q2'22 was $188.0 million and Adjusted EBITDA was $22.4 million

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) reported results for its second quarter of 2022. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles ("U.S. GAAP" or "GAAP"), except as otherwise indicated below. 1

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

BlackBerry Cyber Insurance Study Reveals Businesses Hope for Greater Assistance in Paying Ransomware Demands

Eighty-one percent of respondents had a coverage limit under $600,000 below last year's median ransomware demand

WATERLOO, ON , Aug. 10, 2022 /PRNewswire/ -- BlackBerry Limited (NYSE: BB) (TSX: BB) and Corvus Insurance today released the BlackBerry Cyber Insurance Coverage study, showing businesses are increasingly concerned about how they will meet ransomware demands. Only 19 percent of those surveyed have ransomware coverage limits above $600,000 , while over half (59 percent) hoped the government would cover damages when future attacks are linked to other nation-states.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

BlackBerry Cyber Insurance Study Reveals Businesses Hope for Greater Assistance in Paying Ransomware Demands

Eighty-one percent of respondents had a coverage limit under $600,000 below last year's median ransomware demand

WATERLOO, ON , Aug. 10, 2022 /PRNewswire/ -- BlackBerry Limited (NYSE: BB) (TSX: BB) and Corvus Insurance today released the BlackBerry Cyber Insurance Coverage study, showing businesses are increasingly concerned about how they will meet ransomware demands. Only 19 percent of those surveyed have ransomware coverage limits above $600,000 , while over half (59 percent) hoped the government would cover damages when future attacks are linked to other nation-states.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Semtech Corporation to Acquire Sierra Wireless

Creating a comprehensive IoT platform to enable the transformation to a smarter, more sustainable planet

  • Brings together the ultra-low power benefits of LoRa® with higher bandwidth capabilities of cellular for easy to use, interoperable solutions that enable innovation and growth for IoT globally
  • Expected to approximately double Semtech annual revenue and add greater than US$100 million of high margin IoT Cloud services recurring revenues
  • Expected to expand Semtech's IoT SAM by approximately 10x to US$10 billion by 2027
  • Expected to be immediately accretive to Semtech's non-GAAP EPS before synergies and generate US$40 million of run-rate operational synergies within 12-18 months post-close

Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc. (Nasdaq: SWIR) (TSX: SW), a world-renowned Internet of Things (IoT) solutions provider, today announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion, subject to customary closing conditions. The acquisition will significantly expand Semtech's addressable market and is expected to approximately double Semtech's annual revenue and create a strong and diverse portfolio of connectivity solutions for the growing IoT market, making it easier for customers to find innovative end to end solutions for any segment. The deal is also expected to be immediately accretive to Semtech's non-GAAP EPS before synergies and generate US$40 million of run-rate operational synergies within 12-18 months post-transaction close.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Sierra Wireless Announces Preliminary Second Quarter 2022 Financial Results

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported preliminary financial results for its second quarter of 2022. All results are reported in U.S. dollars and are prepared in accordance with the United States generally accepted accounting principles ("GAAP"), except as otherwise indicated below.

For the second quarter of 2022, preliminary revenues are expected to be between $185 million and $189 million. Adjusted EBITDA* is expected to be between $21 million and $23 million, as compared to first quarter 2022 adjusted EBITDA* of $15.8 million.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Sierra Wireless Confirms Discussions Regarding a Potential Transaction with Semtech

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today confirmed that it has engaged in advanced discussions regarding a potential transaction with Semtech Corporation (NASDAQ: SMTC) at a price of US$31 per share.

No assurance can be given that the Company will determine to continue such discussions or enter into any definitive agreement regarding any transaction or, if executed, whether any such transaction would be consummated. The Company does not intend to make any further press release or announcement regarding these matters unless and until it enters into a binding, definitive agreement with respect thereto.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×