Next-Generation XP5 Plus and XP10 Smartphone Orders in Summer and Fall 2022
AUSTIN, TX, May 5, 2022 /PRNewswire/ — Sonim Technologies (Nasdaq: SONM) today announced purchase orders totaling $9.5 million of a major US operator customer. The purchase orders cover initial storage inventory for two of the company’s next-generation ultra-rugged phones to be introduced in 2022 – the XP5 Plus feature phone with enhanced PTT capabilities and the next-generation XP10 5G rugged smartphone from sonim.
“We are thrilled to secure these initial orders from a long-time carrier partner for our new XP5 Plus and XP10 rugged smartphones, slated for introduction later this year,” said Peter Liu, CEO of Sonim. “These early awards demonstrate carrier enthusiasm for our next-generation phones featuring Sonim’s robust engineering technologies. We believe these awards are also early indicators of market demand that we seek to tap into as part of our our new business strategy, offering a wider range of 5G smartphones, feature phones, mobile hotspots and other industrial communications equipment that incorporate our robust heritage.”
The XP5 Plus should be available this summer, and Sonim’s new XP10 rugged 5G smartphone should start shipping in the fall. Carrier prices were awarded based on design specifications, feature set, and cost provided by Sonim through a competitive bidding process.
Sonim is a leader in rugged cell phones for workers in industries such as public safety, construction, manufacturing, field service, transportation, hospitality and more. Key features of the new devices include:
Support for 5G networks, FirstNet Public Safety Broadband Network, and CBRS-based private networks.
Ultra-bright, sunlight-readable displays and touchscreens designed for outdoor use.
OneTouch PTT – a dedicated PTT button provides instant communications without the need to wake the device or launch the app like consumer smartphones
Ultra-powerful speakers and noise cancellation – keep you in communication in the toughest conditions
Red Button (Emergency) – instantly alerts dispatch and/or emergency services which can be customized with the free Sonim SOS app and available through the FirstNet App Catalog
Heavy-duty accessories – a wide range of industrial accessories including remote speaker microphones, wireless microphones, vehicle mounts to meet common first responder needs
Sonim Technologies is a leading US supplier of ultra-rugged cell phones and accessories designed specifically for workers who are physically engaged in their work environment, often in critical roles. We currently sell our enhanced mobility solutions to several of the largest wireless service providers in the United States, including AT&T, T-Mobile and Verizon, as well as the three largest wireless service providers in Canada, Bell, Rogers and Telus Mobility. Our phones and accessories connect workers to voice, data and workflow applications in two end markets: industrial enterprises and the public sector. Our rugged phones and accessories are sold through distributors in North America, South America and Europe. For more information, visit www.sonimtech.com.
Participants in the proxy solicitation
This communication does not constitute a solicitation of proxy from any investor or security holder. Sonim and its directors, officers and other officers and employees may, under SEC rules, be considered participants in the solicitation of proxies from Sonim stockholders in connection with the transaction. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Sonim’s directors and officers in Sonim’s Annual Report on Form 10-K filed with the SEC on March 21, 2022, as amended, and other reports filed with the SEC. Additional information regarding participants will also be included in the proxy statement, when available. When available, these documents can be obtained free of charge from the sources indicated above.
Important Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the expected timing of the availability of Sonim’s XP5 Plus and XP10 5G smartphones and the expected market demand for these products. These forward-looking statements are based on Sonim’s current expectations, estimates and projections regarding its business and industry, the beliefs of management and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements can generally be identified by the use of forward-looking terms such as “future”, “believe”, “expect”, “may”, “will”, “intend”, “estimate” , “continue,” or similar expressions or the negative form of such terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to differ materially from those expressed or indicated by the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the following: Sonim’s ability to continue in business and improve its liquidity and financial condition; the risk that the proposed capital investment in Sonim, as disclosed in April 2022 can be consumed in a timely manner, if at all; Sonim’s exploration of strategic or financial alternatives may not result in any transaction or alternative that enhances value; risks relating to Sonim’s ability to comply with the Nasdaq stock market’s continuous listing standards and the potential delisting of Sonim’s common stock; Sonim’s ability to continue to develop solutions to effectively meet user needs, including its next-generation products; anticipated sales levels of new and legacy products; Sonim’s reliance on its channel partners to generate a substantial majority of its revenues; Sonim’s limited operating history in markets; Sonim’s ongoing restructuring and transformation of its business; changes in Sonim’s quarterly results; lengthy customization and certification processes for Sonim wireless clients; the impact of the COVID-19 pandemic; and the ongoing investigation by the Securities and Exchange Commission into Sonim’s business, as well as the other risk factors described under “Risk Factors” included in Sonim’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021and all risk factors contained in subsequent quarterly and annual reports it files with the Securities and Exchange Commission (available at www.sec.gov). Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim undertakes no obligation to update forward-looking statements to reflect events or circumstances that may occur after the date of this release, except as required by law.
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