Sierra Wireless Completes Divestiture of Automotive Embedded Module Product Line
Summary
The sale of the automotive product line includes approximately US$19 million of cash and is subject to normal working capital adjustments. Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the leading IoT solutions provider that combines devices, network and software to unlock value in the connected economy. Sierra Wireless has more than 1,300 employees globally and operates R&D centers in North America, Europe and Asia. While Sierra Wireless makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected, depending on the outcome of certain factors, including the possibility that the anticipated benefits of the sale will not be realized or will be not be realized within the expected timeframe. Except as may be required by applicable securities laws, Sierra Wireless assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
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