Novatel - Leader in delivering wireless solution
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KEY HIGHLIGHTS:
Recently introduced solutions in Novatel Wireless’ M2M portfolio, including the MiFi® Powered™ SA 2100 and MT 3060 mobile tracking device, have experienced an increase in customer adoption with anchor development partners. To further enhance its value-add in strategic vertical segments and drive recurring revenue, Novatel Wireless’ portfolio also includes its cloud hosted N4A™ Device Manager, which incorporates advanced diagnostics and integrated telematics features.
The new business has been secured with leading M2M service providers in targeted market segments. These segments include after-market telematics for a range of leading edge applications such as Usage Based Insurance (UBI) with the MT 3060, commercial telematics including fleet management with the SA 2100 and MT 4100, and RMAC leveraging Novatel Wireless’ new M2M platforms.
After-market telematics orders are also accompanied by bookings for licenses of Novatel Wireless’ N4A Device Manager software under which Novatel Wireless will host the management of field devices for an annual license fee.
Although some shipments began in Q1 2014, the Company currently anticipates that they will accelerate through the year and into Q1 2015 after the completion of any required software integration or product technical acceptance.
Peter Leparulo, CEO, Novatel Wireless, said: “Novatel Wireless’ target markets represent areas of significant growth opportunity for the company. As we continue to execute on our multiple-vertical market approach, we will launch M2M solutions combining leading hardware design with integrated software support tailored to specific market needs. We look forward to continuing to drive forward innovation in the M2M space that will meet and exceed customer demands.”
In the recent conference call from the new management team about the changes be made and what they have done since taking over the reins of the company:
1. CEO Alex plans on taking direct action in the near-term to help unlock the potential that he sees at NVTL.
2. CEO Alex, CFO Tom and COO Slim (The Team) have begun the process of integrating and consolidating the company's mobile Computing and M2M businesses in to one, now called The Internet of Things (IoT). (my note: smart move from a marketing standpoint, IoT = buzzword)
3. The Team has resolved the supply problems that were said to have plagued earnings the last couple of quarters.
5. The Team has made product changes that will sequentially improve margins through the first half of 2015.
6. It appears a significant effort was put forth to include as many charges and writes offs as possible in the 2nd quarter, to include; restructuring costs, real estate, inventory, litigation settlements, bonuses, depreciation and amortizations of intangibles. (or as I like to say, Taking Out the Trash)
7. The Team is currently negotiating with several lenders to establish a line of revolving credit as opposed to the registration of $75,000,000 in new shares to raise capital.
8.. There is now a general consensus and effort put forth to grow NVTL products on a GLOBAL scale.
Hier ist was drin!!!
Date
Number of
Shares
Purchased Weighted
Average
Price
Per Share Daily Range
8/13/2014 114,000 $ 1.88 $1.83 - $2.10
8/12/2014 147,803 $ 1.81 $1.75 - $1.85
8/8/2014 301,000 $ 1.97 $1.80 - $2.05
8/7/2014 49,000 $ 1.81 $1.71 - $1.85
6/20/2014 142,000 $ 2.07 $1.96 - $2.10
6/19/2014 33,000 $ 1.99 $1.95 - $2.01
6/18/2014 51,800 $ 1.97 $1.89 - $2.00
6/17/2014 48,200 $ 1.88 $1.85 - $1.90
6/16/2014 50,000 $ 1.87 $1.81 - $1.90
The Foundation made the following open market purchase of Shares since the filing of the original Schedule 13D on June 2, 2014. This purchase represents multiple transactions during each day at the weighted average price and daily price range set forth below:
... kauft fleißig Aktien. Wir sehen noch die 8 USD im diesen Jahr.
Date
Number of
Shares
Purchased Price
Per Share Daily Range
8/8/2014 100,000 $ 2.02 $1.99 - $2.05
The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the daily ranges.
Markman Hearing is Sept 9, 2014. Could be an awesome day for NVTL and its shareholders.
As interest in insurance telematics solutions expands from both insurers and those they insure, the role of aftermarket OnBoard Diagnostics solutions cannot be underestimated as a gating factor for industry growth. In fact, the number of subscribers to OnBoard Diagnostics (OBD) aftermarket telematics solutions is expected to increase from 9.5 million in 2014 to 117.8 million in 2019 according to a recent ABI report.
Hier ist der Link für die aktuelle Presentation und Talk von den neuen ausgezeichneten CEO Alex Mashinsky. Er beschreibt den neuen Weg und macht einen super Eindruck. Ich bin begeistert.
Kursziel 9 USD
"I am very pleased to announce this agreement with HC2, which we believe validates our vision to transition our Company and MiFi portfolio of products into an ever increasing and exciting Internet of Things world," said Alex Mashinsky, CEO of Novatel Wireless. "HC2 has a strong track record of partnering with companies to help them accelerate their growth and realize their potential. We are excited about the opportunity to leverage their deep experience in wireless technology and telecommunications infrastructure to further Novatel Wireless" strategic and business success. We also expect our strengthened balance sheet to positively impact our supplier and customer relationships."
Philip Falcone, HC2"s Chairman, President and Chief Executive Officer, stated, "We are pleased to have acquired a minority interest in Novatel Wireless, with its extensive experience in wireless technologies. We look forward to working with Alex and his management team on executing Novatel"s business plan."
Jetzt sind Bruce Karsh (Gründer von Oaktree) und Philip Falcone (auch ein Investmentmillidär) investiert in Novatel Wireless. Zwei Superstrategen mit im Boot zu haben, wird das Unternehmen bald nach vorne katapultieren.
SAN DIEGO, Sept. 15, 2014 (GLOBE NEWSWIRE) -- Novatel Wireless, Inc. (NVTL), a leading provider of solutions for the Internet of Things, today announced that it has entered into a distribution agreement with SYNNEX Corporation's MOBILITYSolv group for the advanced MiFi Powered SA 2100 M2M LTE gateway. SYNNEX, a leading distributor of IT products and services, now offers Novatel Wireless' best of breed products to its solution providers across North America to help their end users make more intelligent decisions for full connected facilities.
Specifically:
Novatel Wireless' SA 2100 is available in the US and Canada through the MOBILITYSolv group of SYNNEX Corporation, which provides leading M2M business solutions enabling remote data communications for a wide variety of applications. Availability of the SA 2100 is anticipated in Q3 FY2014.
The competitively priced SA 2100 By Novatel Wireless is an advanced M2M LTE gateway device that incorporates the industry leading MiFi technology platform with customizations for multiple vertical markets and multiple connected life scenarios. The SA 2100 is a full-featured telemetry solution designed to optimize mobile resources for digital video surveillance, digital signage, remote access and control, and kiosk connectivity.
The SA 2100 also provides automotive mobile hotspot functionality that can be used to address both telematics and mobile workforce use cases. A single device can now support both the mobile workforce and telematics peripherals such as in-cab cameras, laptops, and tablets for fleet drivers at the same time.
SYNNEX Corporation (SNX), a Fortune 500 corporation, is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and global business services. Founded in 1980, SYNNEX employs approximately 53,000 full-time and part-time associates worldwide. Additional information about SYNNEX may be found online at www.synnex.com.
Strong Buy
SAN DIEGO, Sept. 26, 2014 (GLOBE NEWSWIRE) -- Novatel Wireless, Inc. (Nasdaq:NVTL), a leading provider of solutions for the Internet of Things, today announced the launch of the new Verizon Jetpack(R) Mobile Hotspot 4G LTE/XLTE MiFi(R) 6620L -- the most advanced Jetpack from Verizon Wireless (Nasdaq:VZ). Availability starts September 29 online at www.verizonwireless.com and in Verizon Wireless Communications Stores, October 2 for $49.99, after a mail-in rebate debit card with a two-year contract.
The MiFi 6620L is the first Verizon Wireless Jetpack that securely connects up to 15 devices to the Verizon XLTE network supporting up to 20 hours of use on a single charge, and in some cases more. It uniquely offers a built-in universal charging feature for external devices needing a battery boost, such as smartphones and tablets, without compromising performance and connectivity.
Apple(R)Inc., with its iPhone(R) 6 and iPhone 6 Plus devices, and now Novatel Wireless with the MiFi 6620L, are among the leading OEMs to deploy devices based on the Qualcomm MDM9625 chipset, which results in significantly reduced power consumption and a remarkable increase in LTE performance.
The MiFi 6620L supports Verizon 4G LTE, XLTE, and is Global ready supporting a number of bands for connectivity in over 200 countries. Redefining the need for speed, it is the only device of its kind engineered with Novatel Wireless' patented performance optimization technology.
"Today we are introducing the most powerful Verizon Jetpack Mobile Hotspot 4G LTE/XLTE MiFi ever," said Slim Souissi, President and COO of Novatel Wireless. "The MiFi brand of devices set the gold-standard in mobile broadband and the combination of world class engineering and cutting edge technology further demonstrates our commitment to innovation and the best user-experience for our customers."
http://finance.yahoo.com/news/beyond-wi-fi-mifi-r-120000548.html
The FCC reports one-third of all Americans --100 million people -- do not have broadband at home. As more schools integrate digital and web-based learning programs and tools into the classroom, those students without home Internet access are finding themselves part of a growing digital divide. Student access to the Internet outside of school is a growing concern among 46 percent of district technology leaders who say it is one of the most challenging issues they face today, according to a Project Tomorrow report.
To ensure secure connectivity anywhere outside the classroom and not just at home, schools issue the Kajeet SmartSpot solution, a portable MiFi(R) mobile hotspot by Novatel Wireless combined with the innovative Sentinel(R) cloud portal, providing customizable filtered Internet access to keep students focused on school work and provide educational connectivity.
According to a December 2014 report from Micro Market Monitor, the KSA IoT and M2M communication market is estimated to grow from $4.88B in 2014 to $16.01B by 2019, at a CAGR of 26%. The main drivers for growth in the region are recent infrastructure developments and government regulation programs, including an increase in LTE deployments. The areas that will see the most growth are in the telematics verticals, particularly transportation and automotive segments and the telemetry verticals, including smart cities, video surveillance, and digital signage. The MiFi Powered SA 2100 LTE Gateway is an ideal turnkey solution with an open platform that is well-suited for these applications, in addition to other specialized solutions in the portfolio.
One of the major challenges the region faces with M2M is fragmentation and a portfolio selection from leading IoT companies with strict quality standards and complete solution ownership. The ability to offer vertical-specific solutions that work seamlessly across a range of applications with flexibility, scalability, turnkey cloud services and compatibility with service provider platforms is a critical competitive advantage which Novatel Wireless offers NOMD and their customers.
"The MiFi brand of M2M and IoT solutions perfectly complements our offering and we are excited to provide these premium solutions to our valued customers and partners," said, Mohammed Alkhushail, CEO of NOMD. "Novatel Wireless is widely regarded in the region as a vertically aligned industry IoT leader, that has a reputation for high-quality standards and a proven track record for products that perform reliably in the area's environmental landscape. With this addition to our portfolio, NOMD will ensure our customers can have the confidence to deploy best-of-breed IoT and M2M solutions for almost any requirement, quickly and easily."
"NOMD has an excellent presence in the Kingdom and has impressed the channel as a reliable solutions and logistics partner for many years, which is why we selected them as a strategic partner in the region," said Slim Souissi, President and COO of Novatel Wireless. "This partnership builds on our strategy to further increase our leadership in the Middle East while offering NOMD customers and partners new opportunities to diversify and increase their revenue streams through the delivery of our specialized IoT portfolio."
Novatel Wireless has a solid reputation for delivering high-quality IoT solutions in the Middle East. The company delivered connected vehicle solutions in partnership with Abdul Latif Jameel Co. Ltd. (ALJ), the sole distributor of Toyota, Lexus and Daihatsu vehicles in Saudi Arabia, mobile broadband USB modems with Saudi Telecom Company (STC), and the MiFi brand of mobile hotspots with Zain. Most recently, Novatel Wireless announced a distribution agreement with Server Corner Globaltech, servicing the UAE, Bahrain, and Qatar.
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When asked for an update on the Markman hearing, the response I received yesterday 12/11/14 from Novatel's IR was,
"We were very pleased with the outcome of the Markman hearing and felt the claims interpretation rulings all benefited our position.
That being said, the litigation is a lengthy process and we remain optimistic about the outcome."