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Cellular Product Distributors and LightSquared Partner to Bundle Hotspot Device and 4G Connectivity
Cellular Product Distributors will offer MyMO Mobile Office hotspots with wireless broadband service on LightSquared's nationwide network
RESTON, Va. and CULVER CITY, Calif., Nov. 29, 2011 /PRNewswire/ -- LightSquared, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation, and Cellular Product Distributors (CPD-USA), a designer and distributor with 25 years of mobile product and accessory experience, have partnered to bring mobile broadband to CPD-USA's line of MyMO Mobile Office hotspot devices.
CPD-USA's MyMO Mobile Office portable devices are pocket-sized mobile hotspots that provide simultaneous connectivity to multiple mobile devices. By partnering with LightSquared, CPD-USA can now expand beyond their traditional hardware sales business and offer nationwide wireless broadband connectivity bundled with their devices. CPD-USA will also make its hotspot devices available to LightSquared's growing roster of wholesale partners.
"MyMO's 'road warrior' customers are on-the-go and need a reliable broadband connection wherever they travel," said Moshe Shemian, president and chief executive officer of CPD-USA. "LightSquared's flexible business model and open network allow us to broaden our service offerings to maximize our revenue opportunity and meet the mobile needs of our customers."
LightSquared's wholesale-only business model and rapidly expanding ecosystem allow its partners - including wireless carriers, device manufacturers, nationwide retailers, regional phone companies and mobile content providers - the ability to bring greater value to their customers. This unique network of partners, all empowered by LightSquared's nationwide broadband and satellite network, will increase competition in the U.S. wireless market and make connectivity more affordable for consumers.
"As a leader in consumer electronics devices for more than two decades, CPD-USA recognized that today's consumers rely on multiple communications devices and need a high-speed connection wherever they are," said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. "CPD-USA is yet another example of an entrepreneurial company that is taking advantage of LightSquared's wholesale model and open network to expand their services and tap into new markets."
About LightSquared
LightSquared's mission is to revolutionize the U.S. wireless industry. With the creation of the first-ever, wholesale-only nationwide 4G-LTE network integrated with satellite coverage, LightSquared offers people the speed, value and reliability of universal connectivity, wherever they are in the United States. As a wholesale-only operator, LightSquared will deploy an open 4G wireless broadband network to be used by existing and new service providers to sell their own devices, applications and services - at a competitive cost and without retail competition from LightSquared. The deployment and operation of LightSquared's network represent more than $14 billion of private investment over the next eight years. For more information about LightSquared, please go to http://www.LightSquared.com, http://www.facebook.com/LightSquared and http://www.twitter.com/LightSquared.
About Cellular Product Distributors, Inc. (CPD-USA)
CPD-USA, based in Los Angeles, has over 25 years of experience as a distributor of cellular products and related electronic devices. MyMO Mobile Office is wholly-owned and operated by CPD Accessories, Inc, and was developed by CPD-USA in 2007 to meet the connectivity needs of business-oriented customers who use multiple mobile devices. The first release of the product is the MyMO-1002. For more information, visit: http://www.getmymo.com.
CONTACT: Josh Lefkowitz
Burson-Marsteller for LightSquared
Tel: (212) 614-5012
Joshua.Lefkowitz@bm.com
Jamie Smilovici
CPD-USA
Tel: (323) 455-3273
Jamie@getmymo.com
Forward Looking Statement
This release contains forward-looking statements and information regarding LightSquared and its business. Such statements are based on the current expectations and certain assumptions of LightSquared's management and are, therefore, subject to certain risks and uncertainties. The forward-looking statements expressed herein relate only to information as of the date of this release. LightSquared has no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release, nor is there any assurance that the plans or strategies discussed in this release will not change.
SOURCE LightSquared
LightSquared
Web Site: http://www.LightSquared.com
Cellular Product Distributors and LightSquared Partner to Bundle Hotspot Device and 4G Connectivity
Cellular Product Distributors will offer MyMO Mobile Office hotspots with wireless broadband service on LightSquared's nationwide network
RESTON, Va. and CULVER CITY, Calif., Nov. 29, 2011 /PRNewswire/ -- LightSquared, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation, and Cellular Product Distributors (CPD-USA), a designer and distributor with 25 years of mobile product and accessory experience, have partnered to bring mobile broadband to CPD-USA's line of MyMO Mobile Office hotspot devices.
CPD-USA's MyMO Mobile Office portable devices are pocket-sized mobile hotspots that provide simultaneous connectivity to multiple mobile devices. By partnering with LightSquared, CPD-USA can now expand beyond their traditional hardware sales business and offer nationwide wireless broadband connectivity bundled with their devices. CPD-USA will also make its hotspot devices available to LightSquared's growing roster of wholesale partners.
"MyMO's 'road warrior' customers are on-the-go and need a reliable broadband connection wherever they travel," said Moshe Shemian, president and chief executive officer of CPD-USA. "LightSquared's flexible business model and open network allow us to broaden our service offerings to maximize our revenue opportunity and meet the mobile needs of our customers."
LightSquared's wholesale-only business model and rapidly expanding ecosystem allow its partners - including wireless carriers, device manufacturers, nationwide retailers, regional phone companies and mobile content providers - the ability to bring greater value to their customers. This unique network of partners, all empowered by LightSquared's nationwide broadband and satellite network, will increase competition in the U.S. wireless market and make connectivity more affordable for consumers.
"As a leader in consumer electronics devices for more than two decades, CPD-USA recognized that today's consumers rely on multiple communications devices and need a high-speed connection wherever they are," said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. "CPD-USA is yet another example of an entrepreneurial company that is taking advantage of LightSquared's wholesale model and open network to expand their services and tap into new markets."
About LightSquared
LightSquared's mission is to revolutionize the U.S. wireless industry. With the creation of the first-ever, wholesale-only nationwide 4G-LTE network integrated with satellite coverage, LightSquared offers people the speed, value and reliability of universal connectivity, wherever they are in the United States. As a wholesale-only operator, LightSquared will deploy an open 4G wireless broadband network to be used by existing and new service providers to sell their own devices, applications and services - at a competitive cost and without retail competition from LightSquared. The deployment and operation of LightSquared's network represent more than $14 billion of private investment over the next eight years. For more information about LightSquared, please go to http://www.LightSquared.com, http://www.facebook.com/LightSquared and http://www.twitter.com/LightSquared.
About Cellular Product Distributors, Inc. (CPD-USA)
CPD-USA, based in Los Angeles, has over 25 years of experience as a distributor of cellular products and related electronic devices. MyMO Mobile Office is wholly-owned and operated by CPD Accessories, Inc, and was developed by CPD-USA in 2007 to meet the connectivity needs of business-oriented customers who use multiple mobile devices. The first release of the product is the MyMO-1002. For more information, visit: http://www.getmymo.com.
CONTACT: Josh Lefkowitz
Burson-Marsteller for LightSquared
Tel: (212) 614-5012
Joshua.Lefkowitz@bm.com
Jamie Smilovici
CPD-USA
Tel: (323) 455-3273
Jamie@getmymo.com
Forward Looking Statement
This release contains forward-looking statements and information regarding LightSquared and its business. Such statements are based on the current expectations and certain assumptions of LightSquared's management and are, therefore, subject to certain risks and uncertainties. The forward-looking statements expressed herein relate only to information as of the date of this release. LightSquared has no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release, nor is there any assurance that the plans or strategies discussed in this release will not change.
SOURCE LightSquared
LightSquared
Web Site: http://www.LightSquared.com