Novatel Wireless Grants Product Distribution Rights to Satel Systems; Estonian Company Markets GPRS Product Line to Eastern European Enterprise Customers.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Jan. 7, 2003 Today Novatel Wireless Novatel Wireless, Inc. (NASDAQ: NVTL) is a San Diego, California-based designer and manufacturer of wireless broadband access solutions. With European offices in United Kingdom, Germany, and France, Novatel Wireless owns 30 technology patents relating to wireless voice and , Inc. (Nasdaq:NVTL) signed a new distribution agreement with Estonia-based Satel Systems. Novatel Wireless, which develops wireless data access solutions such as its Merlin(TM) Family of Wireless PC Card Modems, has granted Satel 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. product distribution rights in the Eastern European republics of Estonia, Latvia, Lithuania, Kazakhstan, Ukraine and the Russian Federation Russian Federation: see Russia. . Satel is a telecommunications distributor that has rapidly established a reseller network throughout the Baltic states Baltic states, the countries of Estonia, Latvia, and Lithuania, bordering on the eastern coast of the Baltic Sea. Formed in 1918, they remained independent republics until their involuntary incorporation in 1940 into the USSR. They regained their independence in Sept. , where the GPRS penetration rate is approximately 50-60% of the population, and recently opened an office in St. Petersburg, Russia to take advantage of the growing market there. Through its multi-country reseller network to enterprise customers, systems integrators, network operators and wireless solutions providers, Satel will market Novatel Wireless GPRS products, including the: -- Merlin G201(TM) dual-band Wireless PC Card Modem -- Merlin G301(TM) tri-band Wireless PC Card Modem -- Expedite G301(TM) tri-band Wireless Embedded Modem "Together with our partner, Satel Systems, we plan to carve out to make or get by cutting, or as if by cutting; to cut out. - Shak. See also: Carve a new niche for wireless data in the Baltic region For other uses, see Baltic (disambiguation). The Baltic region is an ambiguous term that refers to slightly different combinations of countries in the general area surrounding the Baltic Sea. and Russia," stated John Major, 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 Novatel Wireless. Peter Jarvsoo, owner of Satel Systems, added, "We expect the sales potential for Novatel Wireless modems will be very high, in part because of the strong Internet usage in these countries, but more importantly, we believe the speed, convenience and affordability of these wireless data products will certainly appeal to mobile users." Product inquiries from Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. can be directed to: SATEL SYSTEMS Peter Jarvsoo, Owner/Manager Mustamae tee 22/Forelli 2 10621 Tallinn +372 650 5871 peter@satel.ee www.satel.ee or www.hot.ee/novatel About Satel Systems Satel Systems is the authorized distributor of Finnish company Satel Oy in the Baltics and former Soviet countries. Satel Oy, established in 1986, is a Finnish electronics and telecommunications company that specializes in the design, manufacturing and international marketing of radio modems for data communication and alarm transfer. As a leading supplier in Eastern Europe, Satel Systems currently serves the regions of Estonia, Latvia, Lithuania, Kazakhstan, Ukraine and the Russian Federation and is working to extend business into other European market areas. About Novatel Wireless, Inc. Novatel Wireless, Inc. is a leading provider of wireless data modems and software for use with handheld computing devices and portable personal computers. The Company delivers innovative and comprehensive solutions that enable businesses and consumers to access personal, corporate and public information through email, enterprise networks and the Internet. Novatel Wireless also offers wireless data modems and custom engineering services for hardware integration projects in a wide range of vertical applications. The Novatel Wireless product portfolio includes the Merlin(TM) Family of Wireless PC Card Modems, Expedite(TM) Family of Wireless Embedded Modems, Minstrel(R) Family of Wireless Handheld Modems, Lancer 3W(TM) Family of Ruggedized Modems and Sage(R) Wireless Serial Modems. Headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , Novatel Wireless is listed on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (Nasdaq:NVTL). For more information, please visit the Novatel Wireless web site: www.novatelwireless.com or call 888/888-9231. The Novatel Wireless logo, Minstrel, Merlin, Sage, Lancer 3W and Expedite are trademarks of Novatel Wireless, Inc. Minstrel and Sage are registered with the U.S. Patent and Trademark Office. All other brands, products and company names mentioned herein are trademarks of their respective holders. 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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