Verizon Wireless And Novatel Wireless Announce Supply Agreement For CDMA Wireless Data Products
March 5, 2001
Bedminster, NJ and San Diego, CA - Verizon Wireless, the nation's largest wireless service provider, has entered into an agreement with Novatel Wireless (Nasdaq: NVTL), a provider of wireless data communications access software, to purchase the Merlin™ CDMA Wireless PC Card for use with Microsoft Windows laptops and Pocket PC (PPC) handheld devices.
Slightly larger than a credit card, Merlin CDMA slides inside your Type II PC Card slot, allowing the user full featured wireless data services via the Verizon Wireless CDMA network. Merlin CDMA PC Card provides wireless connectivity to Windows 98, 2000, Millennium Edition laptops as well as Windows CE PPCs.
Gary Schulman, President of the new Verizon Wireless Division of Wireless Data and Internet, said, "I am pleased to see our CDPD relationship evolve towards enhanced CDMA services. Both wireless data platforms are important to our overall data strategy."
Jack Sun, V.P. of CDMA Engineering at Novatel Wireless said, "Based on the MSM3100™, QUALCOMM's sixth generationsingle-chip Mobile Station Modem™ chipset solution, the Merlin CDMA PC card is the first Dual Band (800/1900 MHz CDMA) PC Card available. The Dual Band functionality of the Merlin CDMA PC Card provides the ability to operate on any IS95A CDMA data network, allowing our data-hungry users the flexibility they require."
"Verizon Wireless' dedication to nationwide high speed CDMA data network services and Novatel Wireless' extensive data product knowledge, diverse product portfolio and strategic partnerships with PDA manufacturers will allow our companies the ability to aggressively pursue the enhanced CDMA data service market." said John Major, CEO of Novatel Wireless.
About Verizon Wireless
Verizon Wireless is the largest wireless communications provider in the U.S. with 27.5 million wireless voice and data customers. The new coast-to-coast wireless provider was formed by the combination of the U.S. wireless businesses of Bell Atlantic Corp. and GTE Corp -- now Verizon Communications (NYSE:VZ) -- and Vodafone (NYSE and LSE: VOD). The new company includes the assets of Bell Atlantic Mobile, AirTouch Cellular, GTE Wireless, PrimeCo Personal Communications and AirTouch Paging. The company has a footprint covering nearly 90 percent of the U.S. population, 49 of the top 50 and 96 of the top 100 U.S. markets. Verizon Wireless, headquartered in Bedminster, NJ, is 38,000 employees strong. Reporters and editors can find more information about the company on the Web at http://www.verizonwireless.com.
About Novatel Wireless, Inc.
Novatel Wireless, Inc. is a leading provider of wireless data modems and software for use with handheld computing devices and portable personal computers. The company delivers innovative and comprehensive solutions that enable businesses and consumers to access personal, corporate and public information through email, enterprise networks and the Internet. Novatel Wireless also offers wireless data modems and custom engineering services for hardware integration projects in a wide range of vertical applications. The Novatel Wireless product portfolio includes the Minstrel® family of Wireless Palmtop Modems, MerlinTM Wireless PC Cards, Sage® Wireless Serial Modems, Lancer 3WTM Wireless 3 Watt Modems and ExpediteTM family of Wireless Embedded Modules. Headquartered in San Diego, California, Novatel Wireless is listed on the Nasdaq Stock Market (Nasdaq: NVTL). For more information, please visit the Novatel Wireless web site: www.novatelwireless.com or call 888-888-9231.
The Novatel Wireless logo, Minstrel, Minstrel V, Minstrel S, Merlin, Sage, Lancer 3W and Expedite are trademarks of Novatel Wireless, Inc. Minstrel and Sage are registered with the U.S. Patent and Trademark Office. All other brands, products and company names mentioned herein are trademarks of their respective holders.
In Respect to Novatel Wireless: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. 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. These factors include risks relating to technological changes, 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 and other regulatory agencies.