Sierra Wireless Strengthens Wholesale Partnership with T-Mobile

Adds 5G and other LPWA enhancements to Smart Connectivity service in the US

Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a world leading MVNO and IoT solutions provider, today announced an expanded agreement with T-Mobile , the 5G leader, with the largest and fastest nationwide 5G network in the United States, bolstering its global Low Power Wide Area (LPWA) connectivity offering via its Smart Connectivity service. The partnership also enables customers in the United States to access T-Mobile's multi-band 5G connectivity, as well as 4G LTE ultra-high data offers for fixed applications that require high throughput and low latency such as commercial security/video surveillance, telehealth services, digital vending, signage and others.

"This agreement with T-Mobile further strengthens Sierra Wireless' IoT connectivity offering by combining our purpose-built IoT network and management tools along with LPWA, 4G LTE and 5G coverage from T-Mobile's powerful mobile network ," said Jim Ryan, Senior Vice President of Partnerships, Marketing & IoT Solutions, Sierra Wireless. "With the introduction of LPWA in the United States via our global Smart Connectivity service, customers in the US can now access LPWA technology and its many benefits such as wide area coverage, low power usage, and decreased costs, all via one global SIM on our MVNO network, simplifying design and logistics, and reducing Total Cost of Ownership (TCO)."

"T-Mobile Wholesale brings our customers solutions delivering the most advanced 5G network performance and capabilities. This agreement enables Sierra Wireless customers to access T-Mobile's connectivity for any IoT use case demanding low, high or ultra-high data," said Dan Thygesen, Senior Vice President of T-Mobile Wholesale. "We can't wait to see the expanded customer applications resonate in the marketplace as a result of the new agreement."

Sierra Wireless' Smart Connectivity service simplifies how customers connect and manage their deployments whether machines or other assets are globally or regionally dispersed. With one global SIM, it reduces operational costs and time-to-market, offers resilient global coverage, maximizes uptime, and provides seamless expansion into new markets with access to over 600 partner networks in over 190 countries. In addition, Sierra Wireless' 24/7/365 Global Network Operation Center (GNOC) ensures customers experience the best possible uptime, while making it easy to monitor and maintain the lifecycle of their SIMs and devices in the field.

All Sierra Wireless devices and IoT Connectivity services are managed through the AirVantage® platform , which provides a unified view and full API access and integration capabilities for all global deployments and subscriptions.

Transforming Connectivity 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 communication and massive machine-type communication use cases that simply were not possible without 5G.

LPWA Technology – A Growing Market

While the benefits of LPWA are already clear, according to research analyst firm Transforma Insights, LPWA IoT connections are expected to grow to 4 billion in 2030. This comes as more organizations take advantage of the technological benefits, and the demand for applications sending smaller data packets and using low power communications over long distances becomes prevalent.

Resources

For more information, visit: https://www.sierrawireless.com/products-and-solutions/iot-connectivity/smart-connectivity/

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

Note to editors:

To view and download images of Sierra Wireless products, visit https://www.sierrawireless.com/company/image-gallery/

About Sierra Wireless

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a world 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 works with its customers to develop the right industry-specific solution for their IoT deployments, whether this 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 global partner customers trust to deliver them their next IoT solution. For more information, visit www.sierrawireless.com .

Connect with Sierra Wireless on the IoT Blog at https://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" and "AirVantage" are registered trademarks 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. 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. Due to these many risks and uncertainties we cannot assure you that the forward-looking statements contained in this press release will be realized. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220317005251/en/

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 SW:CA Mobile Investing

SW:CA

Qualcomm Earnings Release Available on Company's Investor Relations Website

Qualcomm Incorporated (NASDAQ: QCOM) today announced the Company's financial results for its second quarter of fiscal 2024 through an earnings release that is available on the Qualcomm Investor Relations website at http://investor.qualcomm.com/results.cfm . The earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at http://www.sec.gov .

As previously announced, Qualcomm will host a conference call to discuss its fiscal second quarter results which will be broadcast live on May 1, 2024, beginning at 1:45 p.m. Pacific Time (PT) at http://investor.qualcomm.com/events.cfm . An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use reservation number 13745532.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Qualcomm's 2023 Corporate Responsibility Report: Resource Management - Waste

Originally published in Qualcomm's 2023 Corporate Responsibility Report

Through our Environmental Program Management Standard, we focus on identifying activities, services and processes that generate waste and strive to reduce the impact of our waste disposal practices on the environment. Our operations generate various types of waste, including general solid waste, hazardous and regulated waste and e-waste, including network infrastructure equipment. Our approach to waste management involves reuse and recycling programs to help us decrease the amount of waste we send to landfills. It also comprises the development of initiatives to reduce our overall waste footprint and the promotion of less toxic, more durable, reusable and recycled materials in our operations. A variety of our business units lead our waste recycling and management programs. They include

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Qualcomm Announces Shortlisted Startups for Qualcomm Make in Africa 2024 and Awards 2023 Wireless Reach Social Impact Fund

Qualcomm's Continued Commitment to Empowering Africa's Emerging Technology Ecosystem through Mentorship and Training Initiatives

Qualcomm Incorporated announced the shortlisted startups for Qualcomm Make in Africa 2024, as well as the winner of the 2023 Wireless Reach Social Impact Fund. The Qualcomm Africa Innovation Platform, now in its second year, aims to work with and support the development of Africa's emerging technology ecosystem by providing mentorship, education, and training programs with a focus on 5G, Edge-AIML, Compute, and IoT. This year, Qualcomm received an overwhelming response, with approximately 250 applications from 30 countries

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Qualcomm Schedules Second Quarter Fiscal 2024 Earnings Release and Conference Call

Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company's financial results for its second quarter fiscal 2024 on Wednesday, May 1, 2024, after the close of the market on the Company's Investor Relations website, at https://investor.qualcomm.com/financial-information . The earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K, which will be available on the SEC website at http://www.sec.gov .

Qualcomm will host a conference call to discuss its second quarter fiscal 2024 results which will be broadcast live on May 1, 2024, beginning at 1:45 p.m. Pacific Time (PT) at https://investor.qualcomm.com/news-events/events . An audio replay will be available at https://investor.qualcomm.com/news-events/events and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use reservation number 13745532.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts)

	Three Months Ended				Six Months Ended
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Net sales:
Products	$	66,886	$	73,929	$	163,344	$	170,317
Services		23,867		20,907		46,984		41,673
Total net sales ⁽¹⁾		90,753		94,836		210,328		211,990
Cost of sales:
Products		42,424		46,795		100,864		107,560
Services		6,058		6,065		12,338		12,122
Total cost of sales		48,482		52,860		113,202		119,682
Gross margin		42,271		41,976		97,126		92,308

Operating expenses:
Research and development		7,903		7,457		15,599		15,166
Selling, general and administrative		6,468		6,201		13,254		12,808
Total operating expenses		14,371		13,658		28,853		27,974

Operating income		27,900		28,318		68,273		64,334
Other income/(expense), net		158		64		108		(329	)
Income before provision for income taxes		28,058		28,382		68,381		64,005
Provision for income taxes		4,422		4,222		10,829		9,847
Net income	$	23,636	$	24,160	$	57,552	$	54,158

Earnings per share:
Basic	$	1.53	$	1.53	$	3.72	$	3.42
Diluted	$	1.53	$	1.52	$	3.71	$	3.41
Shares used in computing earnings per share:
Basic		15,405,856		15,787,154		15,457,810		15,839,939
Diluted		15,464,709		15,847,050		15,520,675		15,901,384

⁽¹⁾ Net sales by reportable segment:
Americas	$	37,273	$	37,784	$	87,703	$	87,062
Europe		24,123		23,945		54,520		51,626
Greater China		16,372		17,812		37,191		41,717
Japan		6,262		7,176		14,029		13,931
Rest of Asia Pacific		6,723		8,119		16,885		17,654
Total net sales	$	90,753	$	94,836	$	210,328	$	211,990

⁽¹⁾ Net sales by category:
iPhone	$	45,963	$	51,334	$	115,665	$	117,109
Mac		7,451		7,168		15,231		14,903
iPad		5,559		6,670		12,582		16,066
Wearables, Home and Accessories		7,913		8,757		19,866		22,239
Services		23,867		20,907		46,984		41,673
Total net sales	$	90,753	$	94,836	$	210,328	$	211,990

Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value)

	March 30, 2024			September 30, 2023
ASSETS:
Current assets:
Cash and cash equivalents	$	32,695		$	29,965
Marketable securities		34,455			31,590
Accounts receivable, net		21,837			29,508
Vendor non-trade receivables		19,313			31,477
Inventories		6,232			6,331
Other current assets		13,884			14,695
Total current assets		128,416			143,566

Non-current assets:
Marketable securities		95,187			100,544
Property, plant and equipment, net		43,546			43,715
Other non-current assets		70,262			64,758
Total non-current assets		208,995			209,017
Total assets	$	337,411		$	352,583

LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable	$	45,753		$	62,611
Other current liabilities		57,298			58,829
Deferred revenue		8,012			8,061
Commercial paper		1,997			5,985
Term debt		10,762			9,822
Total current liabilities		123,822			145,308

Non-current liabilities:
Term debt		91,831			95,281
Other non-current liabilities		47,564			49,848
Total non-current liabilities		139,395			145,129
Total liabilities		263,217			290,437

Commitments and contingencies

Shareholders' equity:
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,337,686 and 15,550,061 shares issued and outstanding, respectively		78,815			73,812
Retained earnings/(Accumulated deficit)		4,339			(214	)
Accumulated other comprehensive loss		(8,960	)		(11,452	)
Total shareholders' equity		74,194			62,146
Total liabilities and shareholders' equity	$	337,411		$	352,583

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)

	Six Months Ended
	March 30, 2024			April 1, 2023
Cash, cash equivalents and restricted cash, beginning balances	$	30,737		$	24,977

Operating activities:
Net income		57,552			54,158
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization		5,684			5,814
Share-based compensation expense		5,961			5,591
Other		(1,971	)		(1,732	)
Changes in operating assets and liabilities:
Accounts receivable, net		7,727			9,596
Vendor non-trade receivables		12,164			14,785
Inventories		53			(2,548	)
Other current and non-current assets		(4,438	)		(4,092	)
Accounts payable		(16,710	)		(20,764	)
Other current and non-current liabilities		(3,437	)		1,757
Cash generated by operating activities		62,585			62,565

Investing activities:
Purchases of marketable securities		(25,042	)		(11,197	)
Proceeds from maturities of marketable securities		27,462			17,124
Proceeds from sales of marketable securities		4,314			1,897
Payments for acquisition of property, plant and equipment		(4,388	)		(6,703	)
Other		(729	)		(247	)
Cash generated by investing activities		1,617			874

Financing activities:
Payments for taxes related to net share settlement of equity awards		(2,875	)		(2,734	)
Payments for dividends and dividend equivalents		(7,535	)		(7,418	)
Repurchases of common stock		(43,344	)		(39,069	)
Repayments of term debt		(3,150	)		(3,651	)
Repayments of commercial paper, net		(3,982	)		(7,960	)
Other		(132	)		(455	)
Cash used in financing activities		(61,018	)		(61,287	)

Increase in cash, cash equivalents and restricted cash		3,184			2,152
Cash, cash equivalents and restricted cash, ending balances	$	33,921		$	27,129

Supplemental cash flow disclosure:
Cash paid for income taxes, net	$	14,531		$	4,894

Sierra Wireless Strengthens Wholesale Partnership with T-Mobile

Latest News

Latest Press Releases

Related News

TOP STOCKS