Microtek M2M announcement could be behind stock's rise.
Microtek Extends Wavecom's Distribution Reach in Japan; Focus on the Expanding Japanese Market for Wireless M2M Solutions
Thursday June 14, 1:00 am ET
Wavecom SA and Microtek today announced the expansion of their business relationship extending coverage in the Japanese market.
Microtek has been named Wavecom's primary distributor for its entire range of machine-to-machine (M2M) and automotive wireless communication solutions including GSM/GPRS and CDMA. Microtek is well-positioned to tap into the rapidly-expanding Japanese market. Microtek will now provide Wavecom's leading-edge wireless communications solutions to Japanese OEMs that make a wide range of products from security and alarm systems to fleet management and automotive telematics applications.
Machine-to-Machine communications is a growing sector of the electronics industry. This technology allows systems to automatically exchange data (via wireless networks) then, interpret and react to status information via messages, sensors and alarms. This exchange of information can be done either automatically, without the need for human intervention, or it can be linked into a company's IT system which allows the creation of new business models, especially those focusing on services.
"Japan is a highly-developed market for cellular wireless communication whose growth has been led by leading-edge wireless operators for the telephone handset market," commented Mr. Sadao Honda, Director, Microtek. He added, "We are excited to have the opportunity to reinforce Wavecom's positon in Japan in the expanding area of M2M wireless communication."
"Japan has long been an innovative hub for all types of electronic products. So, naturally, we are anxious to extend our reach in this important market." said Didier Dutronc, General Manager of Wavecom Asia-Pacific. "By combining the wireless expertise of Wavecom with Microtek's strong technical skills in electronic components and its extensive distribution network make them a natural fit for Wavecom's expansion in Japan." |
