Sierra, AirLink Amend Merger

Sierra Wireless and AirLink Communications amend merger agreement terms

May 9, 2007

1 Min Read

VANCOUVER -- Sierra Wireless, Inc. (NASDAQ: SWIR)(NASDAQ:TSX:)(NASDAQ:SW) announced today that it has agreed with AirLink Communications, Inc. ("AirLink") to amend the terms of the agreement to acquire AirLink. AirLink is a privately-held developer and supplier of high value fixed, portable and mobile wireless data solutions for industrial and public safety applications.

The amended terms include an increase in the cash consideration to be paid by Sierra Wireless to the shareholders of AirLink from $10.0 million to $11.0 million, subject to customary closing adjustments. The number of Sierra Wireless shares to be issued to the shareholders of AirLink remain unchanged at approximately 1.3 million. As previously disclosed, we expect to close the acquisition by the end of June 2007, with the possibility of it closing as early as the end of May 2007.

Sierra Wireless Inc. (Nasdaq: SWIR; Toronto: SW)

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