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Sierra Wireless and Tech Mahindra Sign Agreement to Provide Turnkey M2M Solutions Globally

  Sierra Wireless and Tech Mahindra Sign Agreement to Provide Turnkey M2M
  Solutions Globally

 Companies’ synergies bring best-in-class M2M solutions to key global markets
          such as energy, transportation, industrial, and healthcare

Business Wire

VANCOUVER, British Columbia -- February 25, 2014

Sierra Wireless (NASDAQ:SWIR) (TSX:SW) and Tech Mahindra Ltd., a specialist
provider of connected solutions, today announced they have signed a formal
teaming agreement to work collaboratively to develop and deploy end-to-end M2M
solutions for customers worldwide. The collaboration leverages Sierra Wireless
device-to-cloud offerings and Tech Mahindra’s system integration and
application development expertise to offer cost-effective, turnkey solutions
tailored for prospective M2M customers in markets such as energy,
transportation, industrial, and healthcare.

“Our collaboration with Tech Mahindra leverages our complementary offerings
and skill sets to deliver complete M2M solutions that can be deployed within
existing IT infrastructures, and extend to new web and mobile applications,”
said Jason Krause, Senior Vice President, Corporate Development and Marketing
for Sierra Wireless. “Customers can rely on our partnership to develop, deploy
and support a complete M2M solution on any of the world’s mobile networks.”

As part of the collaboration, Sierra Wireless will provide prospective joint
customers with AirPrime® embedded wireless modules or AirLink® gateways and
modems, along with enterprise platform and device management capability
through AirVantage M2M Cloud. Tech Mahindra will provide consulting and
solutions integration services.

“Tech Mahindra’s global telecommunication partnerships, advanced analytics,
and renowned system integration capabilities allow us to rapidly prototype,
collaboratively develop, and launch fully integrated M2M solutions on a fully
managed or hosted basis,” said Raju Waldalkar, CTO of Telecom for Tech
Mahindra. “Sierra Wireless is a leader in M2M and our agreement to work
together ensures both companies will maintain and grow their respective market
leadership as we meet the demands of a rapidly evolving connected world.”

Tech Mahindra is a global system integrator with vertical expertise in many
industries as well as a strong ecosystem of M2M partners to bring solutions to
the market. The company brings wide-ranging expertise to solution partnerships
which include: Application Development, Back-end System Integration, Device
Design & Engineering and Managed Services.

Further information:

To contact the Sierra Wireless Sales Desk, call +1 (604) 232-1488 or visit
http://www.sierrawireless.com/sales.

About Sierra Wireless

Sierra Wireless (NASDAQ:SWIR) (TSX:SW) is the global leader in
machine-to-machine (M2M) devices and cloud services, delivering intelligent
wireless solutions that simplify the connected world. We offer the industry’s
most comprehensive portfolio of 2G, 3G and 4G embedded modules and gateways,
seamlessly integrated with our secure M2M cloud services. Customers worldwide,
including OEMs, enterprises, and mobile network operators, trust our
innovative solutions to get their connected products and services to market
faster. Sierra Wireless has more than 850 employees globally and has R&D
centers in North America, Europe and Asia. For more information, visit
www.sierrawireless.com.

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

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and
customer-centric information technology services and solutions, enabling
Enterprises, Associates and the Society to Rise™. We are a USD 2.9 billion
company with 87,300+ professionals across 49 countries, helping over 605
global customers including Fortune 500 companies. Our Consulting, Enterprise
and Telecom solutions, platforms and reusable assets connect across a number
of technologies to derive tangible business value.

We are part of the USD 16.7 billion Mahindra Group that employs more than
180,000 people in over 100 countries with interests in automotive,
manufacturing, hospitality and technology sectors. The Group operates in the
key industries that drive economic growth, enjoying a leadership position in
tractors, utility vehicles, after-market, information technology and vacation
ownership.

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:

Sierra Wireless
Sharlene Myers, +1 604-232-1445
smyers@sierrawireless.com
 
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