Numerex Acquires New Technical Capabilities with AVIDwireless
ATLANTA, Feb. 21, 2013
ATLANTA, Feb. 21, 2013 /PRNewswire/ --Numerex Corp (NASDAQ: NMRX), a leading
provider of on-demand and interactive machine-to-machine (M2M) enterprise
solutions, announced today the purchase of the assets and business of
AVIDwireless, including intellectual property and know-how, that will support
the development of Numerex next-generation M2M platforms and managed services.
AVIDwireless established a solid reputation in the M2M industry with regard to
innovative and carrier-grade engineering solutions to enterprise. Customers
served by AVIDwireless typically require rapid development of mobile and M2M
applications to manage complex, interdependent multi-device industrial M2M
deployments, which need on-site intelligence and equipment management as well
as reporting, alerting, and alarming protocols.
Ease-of-use and rapid deployment are key attributes of AVIDwireless
development initiatives that are provided through plug-and-play wireless
remote control and monitoring solutions. These include smart devices, such as
the intelligent wireless controller AVIDdirector®, integrated with the
flexible AVIDdirector M2M Application Framework, and are ideally suited for a
variety of Numerex managed services programs. Also, Numerex will benefit from
a mature and proven set of embedded hardware and software platforms that are
both versatile and robust, with a track record of successful technical
execution spanning many years.
"This transaction gives us access to an extensive Java-based library of device
applications, drivers, portal and platform manager on which to build our
various technological enhancements centered on Numerex FAST®, our Service
Delivery Platform," said Dr. Jeffrey O. Smith, Chief Innovation and Technology
Officer of Numerex. "The AVIDwireless team will be joining an already highly
talented pool of technical professionals to add development platform and
application framework capabilities that optimize the customer experience."
In addition, AVIDwireless brings to Numerex a talented team of engineers,
technicians, and project management professionals who have efficiently and
effectively delivered a host of M2M solutions. AVIDwireless's expertise and
technologies have been implemented in several attractive M2M market segments
such as oil field site management systems; intelligent tracking; wireless
temperature monitoring; wireless tank and well monitoring; and intermodal
system and asset tracking.
The acquisition of AVIDwireless will have minimal financial impact to Numerex
in the first year of operations. In addition to intellectual property and
know-how, the Company received AVIDwireless's product lines, certain prior
art, and several customer contracts.
Numerex Corp (NASDAQ: NMRX) is a leading provider of interactive and on-demand
machine-to-machine (M2M) technology and services, offered on a subscription
basis, used in the development and support of M2M solutions for the enterprise
and government markets worldwide. The Company offers Numerex DNA® that may
include hardware and smart Devices, cellular and satellite Network services,
and software Applications that are delivered through Numerex FAST® (Foundation
Application Software Technology). In addition, business services are offered
to enable the development of efficient, reliable, and secure solutions while
accelerating deployment. Numerex is ISO 27001 information security-certified,
highlighting the Company's focus on M2M data security, service reliability,
and round-the-clock support of its customers' M2M solutions. For additional
information, please visit www.numerex.com.
^© 2013 Numerex Corp. All rights reserved. Numerex, the Numerex logo and all
other marks contained herein are trademarks of Numerex Corp. and/or Numerex-
affiliated companies. All other marks contained herein are the property of
their respective owners.
Statements contained in this press release concerning Numerex that are not
historical fact are "forward-looking" statements and involve important risks
and uncertainties. Such risks and uncertainties, which are detailed in
Numerex's filings with the Securities and Exchange Commission, could cause
Numerex's results to differ materially from current expectations as expressed
in this press release. These forward-looking statements speak only as of the
date of this press release, and Numerex assumes no duty to update
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