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Numerex builds UK presence to tap European M2M market growth
Company opens new international business development office in London, and partners with Arkessa, an established UK M2M service provider
ATLANTA, May 16, 2011 /PRNewswire/ -- Numerex Corp (NASDAQ: NMRX), a leading single source provider of secure machine-to-machine (M2M) products and services, today announced the opening of its London office and a collaboration with Arkessa Limited, to foster Numerex's advance in the European M2M market. Arkessa, headquartered in Cambridge, England, is an established presence in the M2M market in the United Kingdom and provides European systems integrators and major corporate users with wide area wireless internet connections and services that enable remote information and management for a multitude of users.
The European M2M market is showing visible signs of rapid improvement, driven by a favorable regulatory environment and increased awareness of the technology capabilities. In a recent announcement, International Data Corporation (IDC) reported that "the European machine-to-machine (M2M) market is quickly recovering from the economic crisis of 2008-2009 and is starting to prosper again with growth rates exceeding 12% over the 2010-2015 period" (IDC press release of February 28, 2011).
Arkessa provides European systems integrators and corporate users with cellular-based wireless internet connectivity and data services, enabling the connection, control and management of remote systems and equipment for a multitude of users across borders and applications. The critical factors leading to Numerex's selection of Arkessa as a partner in Europe were its market presence and focus on pervasive, secure, and reliable connectivity, which allows its users to extract information from the harvested data in real-time.
"Arkessa provides Numerex with a proven, solid, European presence that delivers a package of additional data service capabilities coupled with market reach and insight. Our customers will also benefit from access to highly reliable and rapidly available M2M turnkey solutions developed through, by and with Numerex," stated Ian Orrock, Executive Chairman of Arkessa.
"Through partnerships with wireless carriers and infrastructure providers, we have built a seamless and ubiquitous M2M development platform, which has contributed to establishing a robust international service offering," said Louis Fienberg, Executive Vice President, Corporate Development of Numerex. "The growing interest in our products and services received from the UK, and elsewhere in Europe, has led us to strengthen our presence in that market. With the addition of Arkessa's expertise and our London office, we are now in a much better position to respond quickly and effectively to European customers' needs." As an integral part of this strategic relationship, Numerex has acquired a minority stake in Arkessa. Funds will be used to support Arkessa's expanding business development initiatives.
The Numerex UK office is headed by Simon Glassman, a telecommunications veteran with a broad and deep experience and knowledge of the European M2M industry acquired with market leaders such as TomTom, Symbian, and Unisys.
The Numerex European expansion will focus on presenting Numerex's products and services combined with Arkessa's, to the European market, and developing relationships with European companies interested in extending their M2M activities using the Numerex platform in the North American market and beyond.
Please direct sales and business development inquiries to sglassman@numerex.com.
About Arkessa
Arkessa uses wireless cellular communication systems to connect things to other things, systems and people, enabling them to operate, be managed and controlled as though they were connected directly via the internet. Within Europe, Arkessa is a pioneer of machine-to-machine (M2M) solutions for systems integrators and government organizations that support critical infrastructure, environmental services and mission-critical facilities. It also provides vital tools to those building an internet of things. Arkessa's wireless network services enable organizations to innovate, get closer to their customers, reduce costs, improve performance and enhance profitability. Supported by its partnership with global telecoms giant KDDI Telehouse, Arkessa's services are meeting the growing demand for wireless networking in many markets. It is a founder member of Cambridge Wireless and of the m2mglobal network. For additional information, please visit http://www.arkessa.com
About Numerex
Numerex Corp (NASDAQ: NMRX) is a leading provider of machine-to-machine (M2M) business services, technology, and products used in the development and support of M2M solutions for the enterprise and government markets worldwide. The Company offers Numerex DNA(R) that includes hardware and smart Devices, cellular and satellite Network services, and software Applications that are delivered through Numerex FAST(R) (Foundation Application Software Technology). Customers typically subscribe to device management, network, and application services through hosted platforms. Business services enable the development of efficient, reliable, and secure solutions while simplifying and speeding up deployment through streamlined processes and comprehensive integration services. Numerex is ISO 27001 information security-certified. "Machines Trust Us(R)" represents the Company's focus on M2M data security, service reliability, and round-the-clock support of its customers' M2M solutions. For additional information, please visit http://www.numerex.com.
This press release contains, and other statements may contain, forward-looking statements with respect to Numerex future financial or business performance, conditions or strategies and other financial and business matters, including expectations regarding growth trends and activities in the wireless data business. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "assume," "strategy," "plan," "outlook," "outcome," "continue," "remain," "trend," and variations of such words and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may," or similar expressions. Numerex cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements and future results could differ materially from historical performance.
Certain information contained in this press release concerning our industry and the European market in which we plan to operate is based on information from third-parties. We have not independently verified this third-party information and cannot assure you of its accuracy or completeness. While we believe the market opportunity and market size information included in this press release is generally reliable, such information is inherently imprecise.
Numerex Corp. Contact:
Alan Catherall
770 485-2527
Investor Relations Contact:
Seth Potter
646 277-1230
SOURCE Numerex Corp
Numerex Corp
Web Site: http://www.numerex.com
Numerex builds UK presence to tap European M2M market growth
Company opens new international business development office in London, and partners with Arkessa, an established UK M2M service provider
ATLANTA, May 16, 2011 /PRNewswire/ -- Numerex Corp (NASDAQ: NMRX), a leading single source provider of secure machine-to-machine (M2M) products and services, today announced the opening of its London office and a collaboration with Arkessa Limited, to foster Numerex's advance in the European M2M market. Arkessa, headquartered in Cambridge, England, is an established presence in the M2M market in the United Kingdom and provides European systems integrators and major corporate users with wide area wireless internet connections and services that enable remote information and management for a multitude of users.
The European M2M market is showing visible signs of rapid improvement, driven by a favorable regulatory environment and increased awareness of the technology capabilities. In a recent announcement, International Data Corporation (IDC) reported that "the European machine-to-machine (M2M) market is quickly recovering from the economic crisis of 2008-2009 and is starting to prosper again with growth rates exceeding 12% over the 2010-2015 period" (IDC press release of February 28, 2011).
Arkessa provides European systems integrators and corporate users with cellular-based wireless internet connectivity and data services, enabling the connection, control and management of remote systems and equipment for a multitude of users across borders and applications. The critical factors leading to Numerex's selection of Arkessa as a partner in Europe were its market presence and focus on pervasive, secure, and reliable connectivity, which allows its users to extract information from the harvested data in real-time.
"Arkessa provides Numerex with a proven, solid, European presence that delivers a package of additional data service capabilities coupled with market reach and insight. Our customers will also benefit from access to highly reliable and rapidly available M2M turnkey solutions developed through, by and with Numerex," stated Ian Orrock, Executive Chairman of Arkessa.
"Through partnerships with wireless carriers and infrastructure providers, we have built a seamless and ubiquitous M2M development platform, which has contributed to establishing a robust international service offering," said Louis Fienberg, Executive Vice President, Corporate Development of Numerex. "The growing interest in our products and services received from the UK, and elsewhere in Europe, has led us to strengthen our presence in that market. With the addition of Arkessa's expertise and our London office, we are now in a much better position to respond quickly and effectively to European customers' needs." As an integral part of this strategic relationship, Numerex has acquired a minority stake in Arkessa. Funds will be used to support Arkessa's expanding business development initiatives.
The Numerex UK office is headed by Simon Glassman, a telecommunications veteran with a broad and deep experience and knowledge of the European M2M industry acquired with market leaders such as TomTom, Symbian, and Unisys.
The Numerex European expansion will focus on presenting Numerex's products and services combined with Arkessa's, to the European market, and developing relationships with European companies interested in extending their M2M activities using the Numerex platform in the North American market and beyond.
Please direct sales and business development inquiries to sglassman@numerex.com.
About Arkessa
Arkessa uses wireless cellular communication systems to connect things to other things, systems and people, enabling them to operate, be managed and controlled as though they were connected directly via the internet. Within Europe, Arkessa is a pioneer of machine-to-machine (M2M) solutions for systems integrators and government organizations that support critical infrastructure, environmental services and mission-critical facilities. It also provides vital tools to those building an internet of things. Arkessa's wireless network services enable organizations to innovate, get closer to their customers, reduce costs, improve performance and enhance profitability. Supported by its partnership with global telecoms giant KDDI Telehouse, Arkessa's services are meeting the growing demand for wireless networking in many markets. It is a founder member of Cambridge Wireless and of the m2mglobal network. For additional information, please visit http://www.arkessa.com
About Numerex
Numerex Corp (NASDAQ: NMRX) is a leading provider of machine-to-machine (M2M) business services, technology, and products used in the development and support of M2M solutions for the enterprise and government markets worldwide. The Company offers Numerex DNA(R) that includes hardware and smart Devices, cellular and satellite Network services, and software Applications that are delivered through Numerex FAST(R) (Foundation Application Software Technology). Customers typically subscribe to device management, network, and application services through hosted platforms. Business services enable the development of efficient, reliable, and secure solutions while simplifying and speeding up deployment through streamlined processes and comprehensive integration services. Numerex is ISO 27001 information security-certified. "Machines Trust Us(R)" represents the Company's focus on M2M data security, service reliability, and round-the-clock support of its customers' M2M solutions. For additional information, please visit http://www.numerex.com.
This press release contains, and other statements may contain, forward-looking statements with respect to Numerex future financial or business performance, conditions or strategies and other financial and business matters, including expectations regarding growth trends and activities in the wireless data business. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "assume," "strategy," "plan," "outlook," "outcome," "continue," "remain," "trend," and variations of such words and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may," or similar expressions. Numerex cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements and future results could differ materially from historical performance.
Certain information contained in this press release concerning our industry and the European market in which we plan to operate is based on information from third-parties. We have not independently verified this third-party information and cannot assure you of its accuracy or completeness. While we believe the market opportunity and market size information included in this press release is generally reliable, such information is inherently imprecise.
Numerex Corp. Contact:
Alan Catherall
770 485-2527
Investor Relations Contact:
Seth Potter
646 277-1230
SOURCE Numerex Corp
Numerex Corp
Web Site: http://www.numerex.com