Numerex builds UK presence to tap European M2M market growth
By Numerex Corp, PRNESunday, May 15, 2011
Company opens new international business development office in London, and partners with Arkessa, an established UK M2M service provider
ATLANTA, May 16, 2011 - 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
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
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 +1-770-485-2527 Investor Relations Contact: Seth Potter +1-646-277-1230
.
Tags: Atlanta, georgia, May 16, Numerex Corp, United Kingdom