CORRECTING and REPLACING Novatel Wireless Announces New Board Member; Horst Pudwill Brings Global Manufacturing and Brand Building Experience to Novatel Wireless Board.Business Editors/High-Tech Writers CORRECTION...by Novatel SAN DIEGO--(BUSINESS WIRE)--Sept. 22, 2003 In BW5042 issued Sept. 22, 2003: The stock symbol listed in the first graph, first line was incorrect. The correct symbol should be (Nasdaq:NVTL) (sted (Nasdaq:NTVL)). The corrected release reads: NOVATEL WIRELESS ANNOUNCES NEW BOARD MEMBER HORST PUDWILL BRINGS GLOBAL MANUFACTURING AND BRAND BUILDING EXPERIENCE TO NOVATEL WIRELESS BOARD Novatel Wireless, Inc. (Nasdaq:NVTL), a leading provider of wireless data access solutions, has appointed Horst J. Pudwill to its board of directors. Pudwill has over 20 years of international manufacturing, brand building and corporate acquisition experience in North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. , Asian and European markets. As founder, current chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Techtronic Industries Co. Ltd. (TTI TTI Texas Transportation Institute TTI Thoracic Trauma Index TTI Transmission Time Interval TTI Travel Time Index TTI Travel Technology Initiative TTI Technology Transfer Initiative TTI Traffic and Traveller Information TTI Technology Transfer Institute ) headquartered in Hong Kong, Pudwill built TTI from an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and & ODM (Original Design Manufacturer) A contract manufacturer that uses its own designs and intellectual property (IP). See contract manufacturer. manufacturer to a $1.2 billion global manufacturer of industry leading brands in power tools, lawn and garden equipment, and floor care appliances including Ryobi (Ryobi Technologies Inc.), Dirt Devil, and Homelite. Pudwill was the former chairman of the board of NovAtel Communications Ltd., a Canadian telecommunications company from which Novatel Wireless was spun off. A co-founder of Novatel Wireless, Pudwill was instrumental in establishing Novatel Wireless in April 1996. "Horst's extensive international business and acquisition experience make him an extremely valuable addition to our board," said Peter Leparulo, chief executive officer of Novatel Wireless. "His strong expertise in brand building and growing businesses into global market leaders will help us continue to position Novatel Wireless as a leader in the wireless data industry." "I am excited to expand my involvement with Novatel Wireless by joining the board of directors," said Horst Pudwill. "I look forward to providing guidance as Novatel Wireless continues to refine their business model and build relationships with industry leaders worldwide." About Novatel Wireless, Inc. Novatel Wireless, Inc. is a leading developer of wireless PC cards, embedded modems, software and custom engineering for use in mobile computing devices. The company delivers innovative solutions to retail, wholesale and vertical markets worldwide enabling access to personal, corporate and public information over advanced wireless networks such as GSM, GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. , CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. and UMTS (Universal Mobile Telecommunications System) The GSM implementation of the 3G wireless phone system. Part of IMT-2000, UMTS provides service in the 2 GHz band and offers global roaming and personalized features. . Novatel Wireless Merlin(TM) PC Card and Expedite(TM) Embedded Modems are used in portable computers, handheld devices and vertical market applications. Headquartered in San Diego, Calif., Novatel Wireless is listed on Nasdaq: NVTL. For more information, visit www.novatelwireless.com. The Novatel Wireless logo, Merlin, and Expedite are trademarks of Novatel Wireless, Inc. Other product or service names mentioned herein are the trademarks of their respective owners. This release may contain forward-looking statements, which are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, continued acceptance of Novatel Wireless' products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at www.sec.gov) and other regulatory agencies. |
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