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Sierra Wireless Completes Sale of AirCard® Assets and Operations



  Sierra Wireless Completes Sale of AirCard® Assets and Operations

Transaction enables Sierra Wireless to accelerate growth of machine-to-machine
                                (M2M) business

Business Wire

VANCOUVER, British Columbia -- April 2, 2013

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today announced it has
completed the sale of substantially all of the assets and operations related
to its AirCard® business to NETGEAR®, Inc. (NASDAQGM: NTGR) for $138 million
in cash plus approximately $5.9 million in assumed liabilities. The
transaction was first announced on January 28, 2013. Sierra Wireless’s
retained business includes its AirPrime™ embedded wireless modules, AirLink®
intelligent gateways, and AirVantage™ M2M cloud product lines.

“Sierra Wireless is now an M2M and connected device pure play, focused on
providing innovative device-to-cloud solutions that enable customers across a
broad range of markets to connect to the ‘Internet of Things’,” said Jason
Cohenour, President and CEO of Sierra Wireless. “This transaction provides
significant financial capacity to accelerate our growth in M2M – a market in
which we are the world leader today, with the industry’s broadest product
lineup, and an extensive, blue-chip customer base.”

Sierra Wireless intends to use a substantial portion of the net proceeds from
the transaction to continue its acquisition strategy in the M2M market, with
the objective of accelerating revenue and earnings growth by strengthening its
leadership in existing markets and expanding its position in the M2M value
chain. In addition, Sierra Wireless obtained the approval of the Toronto Stock
Exchange in February 2013 for a Normal Course Issuer Bid to re-purchase shares
of the Company and has commenced purchases under this program.

About Sierra Wireless

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) offers industry-leading products and
solutions for connected devices and machine-to-machine (M2M) communications
over cellular networks. Wireless service providers, equipment manufacturers,
enterprises and government organizations around the world depend on us for
reliable wireless technology. We offer 2G, 3G and 4G wireless modems, routers
and gateways as well as a comprehensive suite of software, tools, and services
that ensure our customers can successfully bring wireless applications to
market. For more information about Sierra Wireless, visit
www.sierrawireless.com.

“AirPrime,” “AirLink,” and “AirVantage” are trademarks of Sierra Wireless.
Other product or service names mentioned herein may be the trademarks of their
respective owners.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and
uncertainties. These forward-looking statements relate to, among other things,
plans and timing for the introduction or enhancement of our services and
products, statements about future market conditions, supply conditions,
channel and end customer demand conditions, revenues, gross margins, operating
expenses, profits, and other expectations, intentions, and plans contained in
this press release that are not historical fact. Our expectations regarding
future revenues and earnings depend in part upon our ability to successfully
develop, manufacture, and supply products that we do not produce today and
that meet defined specifications. When used in this press release, the words
"plan", "expect", "believe", and similar expressions generally identify
forward-looking statements. These statements reflect our current expectations.
They are subject to a number of risks and uncertainties, including, but not
limited to, changes in technology and changes in the wireless data
communications market. In light of the many risks and uncertainties
surrounding the wireless data communications market, you should understand
that we cannot assure you that the forward-looking statements contained in
this press release will be realized.

Contact:

Media Contact:
Sharlene Myers, +1 (604) 232-1445
Manager, Global Public Relations
smyers@sierrawireless.com
or
Investor Contact:
David G. McLennan, +1 (604) 231-1181
Chief Financial Officer
investor@sierrawireless.com
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