Novatel Wireless Commercializes its MT 3050 Asset Management Solution for High Growth M2M Vertical Markets

  Novatel Wireless Commercializes its MT 3050 Asset Management Solution for
  High Growth M2M Vertical Markets

Full Featured OBD-II Solution Ideal for Commercial and Consumer M2M Telematics

Business Wire

SAN DIEGO -- January 28, 2013

Novatel Wireless, Inc. (NASDAQ: NVTL), a leading provider of intelligent
wireless networking solutions, today announced that its MT 3050 device has
received technical approval from Verizon Wireless. The MT 3050 is a mobile
tracking OBD-II device which reduces up-front costs for insurance telematics
and fleet management applications with easy, plug-and-play installation and
industry-leading small form factor. The new MT 3050 also features integrated
disconnect alert supported by an in-device backup battery.

The MT 3050 is an ideal solution for insurance telematics and fleet management
providers who are looking for information on the vehicle, vehicle location or
driver behavior resulting in productivity improvements and cost reductions for
customers. Unlike wired telematics devices, the innovative plug-and-play
device with internal antennas removes vehicle installation costs and
associated vehicle out-of-service time, thereby lowering total up-front costs.

“The MT 3050 is a versatile mobile tracking device applicable across numerous
market segments such as automotive Insurance, safety/security and roadside
assistance, vehicle servicing, driver behavior management, and fleet
management,” said Joe Peterson, Global Sales VP of Novatel Wireless M2M
business. ”Regardless of application, our customers are realizing productivity
improvements and cost reductions with fast time-to-market and easy
deployments. We are thrilled to be able to offer our customers this
sophisticated OBD II device – now on the Verizon Wireless network,” Peterson
continued.

The MT 3050 features Novatel Wireless’ on board rules engine that supports
customer-defined exception-based rules for applications such as ignition,
geo-fencing, trip reporting and other events. It also has built-in threshold
events to capture metrics critical to effective fleet and insurance monitoring
such as excessive engine speed, rapid acceleration, harsh braking, speed
violations, and excessive idling. The MT 3050 can be coupled with Novatel
Wireless’ robust N4A Communications and Management Software platform to
monitor, manage and reconfigure devices remotely from almost anywhere in the
world.

Mike Scarbrough, CEO of NexTraq commented: “We are pleased to partner with
both Novatel Wirelessand Verizon Wireless to continue to offer our customers
the most comprehensive hardware offering in the telematics space. As a
first-to-market GPS fleet tracking company, it’s important to partner with
companies that provide the most innovative solutions.”

About Novatel Wireless

Novatel Wireless, Inc. is a leader in the design and development of
intelligent wireless solutions based on 2G, 3G and 4G technologies providing
wireless connectivity. The company delivers specialized wireless solutions to
carriers, distributors, retailers, OEMs and vertical markets worldwide.
Product lines include MiFi® Intelligent Mobile Hotspots, Ovation™ USB modems,
Expedite® embedded modules, Enfora® smart M2M modules, and Enfora integrated
M2M solutions. These innovative products provide anywhere, anytime
communications solutions for consumers and enterprises. Headquartered in San
Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more
information please visit www.nvtl.com. (NVTLG)

This release may contain forward-looking statements, which are made pursuant
to the safe harbor provisions of the United States Private Securities
Litigation Reform Act 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, new product introductions, 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.

(C) 2013 Novatel Wireless, Inc. All rights reserved. The Novatel Wireless name
and logo and Enfora are trademarks of Novatel Wireless, Inc. Other Company,
product or service names mentioned herein are the trademarks of their
respective owners.

Contact:

Novatel Wireless
Charlotte Rubin
+1 (858) 812-3431
crubin@nvtl.com
 
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