HIMEX and Novatel Wireless Join Forces to Deliver Advanced Usage Based Insurance Solutions

  HIMEX and Novatel Wireless Join Forces to Deliver Advanced Usage Based
  Insurance Solutions

Business Wire

SAN DIEGO -- February 27, 2014

Novatel Wireless, Inc. (Nasdaq: NVTL), a leading provider of intelligent
wireless solutions, and HIMEX, a leading provider of Usage Based Insurance
(UBI) and smart fleet management platforms, announced today that they are
working together to jointly provide innovative solutions to the UBI market.
HIMEX is actively integrating the Novatel Wireless family of MT 3060
telematics devices into the HIMEX 3D World Platform to provide virtual
renderings of telematics information.

KEY HIGHLIGHTS:

  *Novatel Wireless’ MT 3060 family of platforms is an integrated,
    system-level technology solution for commercial and after-market
    telematics markets. The plug-and-play, self-installed device easily
    inserts into a vehicle’s on-board diagnostics (OBD-II) port, supporting
    all five engine OBD-II protocols. The device collects and controls
    critical vehicle data and securely delivers that information to the cloud.
    It boasts a highly sensitive 3-axis accelerometer for measuring driver
    behavior and parallel GPS/GNSS satellite location capability, and offers
    sophisticated technology for impact detection. This ability enables the MT
    3060 to detect driver behaviors such as vehicle speed, location, hard
    braking, cornering and impact data necessary for UBI policy rating and
    other consumer telematics services. In the event of an accident, the MT
    3060 measures the forces applied to the vehicle to recreate the event in a
    virtual world.
  *The HIMEX UBI 3D™ platform offers the industry’s fastest and most complete
    means for implementing usage based insurance. The HIMEX Platform covers
    the entire UBI value chain of devices, including: product platform,
    systems integration, logistics, mobile applications, data management and
    analytics. Additionally, the platform supports the full range of insurance
    company transactions from quoting and sales through first notice of loss
    and claims settlement. HIMEX has been selected by some of the largest
    insurance companies in the United States for deployment of the HIMEX UBI
    platform.

Hassan Sadiq, chairman and CEO, HIMEX, said, “As a company founded on
innovation and excellence, HIMEX is looking forward to partnering withNovatel
Wireless because of the innovation of its MT 3060 family of telematics
products and its expertise in M2M telematics. UBI applications require
reliable access to comprehensive driver behavior data, and Novatel Wireless
has the ability to meet our customer’s expectations for superior quality and
performance.”

Peter Leparulo, CEO, Novatel Wireless, said, “Launching a UBI product is a
significant commitment for insurers. HIMEX provides a complete, end-to-end UBI
solution to insurance companies with a platform that creates a high level of
engagement by end users. We’re very pleased to be collaborating with HIMEX in
this growing market.”

About HIMEX

HIMEX offers the shortest, fastest and most complete route to the immediate
benefits of usage-based insurance and smart fleet management. Leveraging its
unique platform, HIMEX uses a game-based virtual world to enable carriers to
create fun, engaging customer experiences that change driving behavior,
attract new customers and increase retention.Founded in 2010, HIMEX is a
privately-held company with headquarters in Scottsdale, AZ and offices in
London.For more information, please visit www.himexubi.com.

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, N4A, 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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