Novatel Wireless Momentum Builds on Strength of M2M Portfolio

  Novatel Wireless Momentum Builds on Strength of M2M Portfolio

Business Wire

SAN DIEGO -- February 18, 2014

Novatel Wireless, Inc. (Nasdaq: NVTL), a leading provider of intelligent
wireless solutions, today announced that it has received purchase orders
totaling approximately $7 million and has also executed a supply agreement
with an initial order quantity totaling $8.2 million to provide M2M solutions
to a range of customers spanning the after-market telematics, commercial
telematics and Remote Management and Control (RMAC) markets.

KEY HIGHLIGHTS:

  *Recently introduced solutions in Novatel Wireless’ M2M portfolio,
    including the MiFi® Powered™ SA 2100 and MT 3060 mobile tracking device,
    have experienced an increase in customer adoption with anchor development
    partners. To further enhance its value-add in strategic vertical segments
    and drive recurring revenue, Novatel Wireless’ portfolio also includes its
    cloud hosted N4A™ Device Manager, which incorporates advanced diagnostics
    and integrated telematics features.
  *The new business has been secured with leading M2M service providers in
    targeted market segments. These segments include after-market telematics
    for a range of leading edge applications such as Usage Based Insurance
    (UBI) with the MT 3060, commercial telematics including fleet management
    with the SA 2100 and MT 4100, and RMAC leveraging Novatel Wireless’ new
    M2M platforms.
  *After-market telematics orders are also accompanied by bookings for
    licenses of Novatel Wireless’ N4A Device Manager software under which
    Novatel Wireless will host the management of field devices for an annual
    license fee.
  *Although some shipments began in Q1 2014, the Company currently
    anticipates that they will accelerate through the year and into Q1 2015
    after the completion of any required software integration or product
    technical acceptance.

Peter Leparulo, CEO, Novatel Wireless, said: “Novatel Wireless’ target markets
represent areas of significant growth opportunity for the company. As we
continue to execute on our multiple-vertical market approach, we will launch
M2M solutions combining leading hardware design with integrated software
support tailored to specific market needs. We look forward to continuing to
drive forward innovation in the M2M space that will meet and exceed customer
demands.”

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. 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,
Mobile Tracking Solutions, Asset Tracking Solutions, and Enabler smart M2M
modules. 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) 2014 Novatel Wireless, Inc. All rights reserved. The Novatel Wireless name
and logo are trademarks of Novatel Wireless, Inc. Other Company, product or
service names mentioned herein are the trademarks of their respective owners.

Contact:

Nadel Phelan
Cara Sloman
+1 (831) 440-2411
cara@nadelphelan.com
 
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