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Wins major contract from Chinese carrier for dual-band GSM/GPRS PC cards that helps meet Q4 guidance
December 23, 2002
SAN DIEGO, Calif. and BEIJING -- Novatel Wireless, Inc. (Nasdaq:NVTL), a provider of wireless data access solutions, today announced that it has received a purchase order for its dual-band Merlin G201(TM) GSM/GPRS Wireless PC Card Modem from its Asian distributor, Mobiltron China, for a large wireless carrier based in Beijing. The order represents Novatel Wireless' first volume shipments into a major carrier in mainland China. The purchase order is valued at over $900,000 and shipping has already commenced. At the end of 2001, the municipality of Beijing had over 13.7 million inhabitants and is one of the fastest growing cities and wireless markets in the world. Countrywide, cellular teledensity in mainland China has surpassed 176 million users, according to statistics from the Ministry of Information Industry. "We are excited at the prospect of working with a leading Chinese carrier, which has a world-class network in Beijing," stated John Major, CEO and Chairman of Novatel Wireless. "We believe that this agreement will help accelerate our penetration into other carriers in China and believe that this is an important step forward as we grow our business in Asia." Slightly larger than a credit card, the Merlin G201 enables users to connect on the move by offering wireless access to the Internet, email, corporate networks, voice calling and SMS messaging. The dual band (900/1800 MHz) GSM/GPRS PC card is available for the Type II PC Card slot of laptops and Pocket PC devices. It provides extensive and secure wireless data communications at speeds up to 53.6 kbps in General Packet Radio Services (GPRS) coverage areas and 14.4 kbps in Global System for Mobile Communications (GSM) coverage areas. Novatel Wireless Inc.
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