May 21, 2019
Notice Regarding US NASDAQ Listing of Professional IP* Wireless System Company, a Capital and Business Alliance Partner of JVCKENWOOD
* Abbreviation of “Internet Protocol”
JVCKENWOOD Corporation (“JVCKENWOOD”) hereby announces that Sonim Technologies Inc. (“Sonim”), a US professional IP wireless system company, which is a capital and business alliance partner has been listed on the NASDAQ Global Market of the US.
In March 2017, JVCKENWOOD entered into a capital and business alliance agreement with Sonim, which leads the industry with its resilient professional IP wireless systems. This alliance represents a step on JVCKENWOOD’s path toward providing professional broadband wireless solutions in countries around the world. Working closely with Sonim under the alliance, JVCKENWOOD has been delivering all-weather enabled and convenient professional IP wireless systems that come with resilient features including resistance to water, dust, impact, and vibration, as well as software applications in Japan and North America while offering professional broadband wireless solutions that can be applied with existing professional wireless systems.
Using cash obtained from the NASDAQ listing, Sonim will engage in sales expansion-oriented marketing activities and promote research and development activities, including expansion of sales channels and development of new system products based on its growth strategy. While expecting the listing to stimulate Sonim to improve its products, services, and technological expertise, JVCKENWOOD will continue to deliver professional broadband solutions by working more closely with Sonim in the coming years.
|Company name||：||Sonim Technologies, Inc. *Ticker Symbol: SONM|
|Headquartered||：||State of California, U.S.A.|
|Representative||：||Bob Plaschke, CEO|
|Principal business activities||：||Development and sales of professional IP wireless systems and software applications|
|Net sales||：||US$136 million (fiscal year ended December 31, 2018)|
Public & Investor Relations Group
This document is based on the information available to the Company at the time of release and may differ from the latest information.