Press Release
15th April, 2008
Sierra Wireless and Agnik to jointly market vehicle tracking and diagnostics solution Collaboration will enable the delivery of a cutting edge fleet management solution powered by MineFleet® predictive vehicle data mining technology.
Vancouver, Canada and Columbia, Maryland, USA
- Sierra Wireless (NASDAQ: SWIR - TSX: SW) and Agnik today announced an agreement to jointly market Agnik's MineFleet
® predictive vehicle data mining system along with the line of AirLinkT vehicle tracking solutions offered by Sierra Wireless.
MineFleet
® is a powerful data stream mining software product for both short and long-term modeling, benchmarking, monitoring and optimization of vehicle health, driver behavior, and fuel consumption. MineFleet
®'s unique data stream mining technology allows for advanced onboard vehicle analysis, which optimizes costs by reducing the amount of data sent over the wireless network.
The Sierra Wireless line of AirLink products, powered by ALEOST embedded intelligence, offers a wide range of stand-alone wireless modems for Mobile and M2M solutions. For over a decade, the AirLink line of products has served the public safety, utilities, transportation, infrastructure and financial sectors. With the addition of the advanced predictive vehicle data mining capabilities of MineFleet
®, Sierra Wireless and Agnik will be able to offer customers a robust in-vehicle solution that integrates elegantly with many fleet management applications.
"We're very excited about the prospect of bringing Agnik's MineFleet
® technology to our customers. The combination of the MineFleet
® predictive analysis and our ALEOS powered devices brings a unique solution to the in-vehicle data market," said Andy Berman, senior vice president and general manager of the Sierra Wireless Mobile and M2M group. "By giving fleet administrators the power to communicate with, locate and analyze their entire fleet from a single location, the combined solution provides customers with an effective tool to minimize downtime and manage their mobile assets more efficiently."
"Sierra Wireless offers one of the strongest lines of wireless communication and vehicle tracking devices in the industry. By combining the AirLink line of intelligent modems with the MineFleet
® predictive vehicle data mining technology, we are opening up the door for a new generation of powerful products to better understand the status of a fleet and optimize its operating costs," said Dr. Hillol Kargupta, Agnik's President.
About Agnik:
Agnik is a data analytics company for distributed, mobile, and embedded environments. Agnik's flagship product MineFleet
® is designed for advanced predictive vehicle data stream mining to detect potential health problems, quantify reasons behind poor fuel economy, bench-marking vehicle behavior, and monitoring driver behavior, among others. Agnik is a privately held company. Agnik's products are powered by a collection of powerful technologies: 1) Distributed data mining, 2) Private and secure multi-party data mining, and 3) Mobile and embedded data stream management and mining. Agnik's technology is based on years of research by its co-founders in this area. For more information about Agnik, visit www.agnik.com.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR - TSX: SW) modems and software connect people and systems to mobile broadband networks around the world. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, specialized vertical industry, and machine-to-machine markets, and provides professional services to customers requiring expertise in wireless design, integration, and carrier certification. For more information about Sierra Wireless, visit www.sierrawireless.com.
"AirLink" and "ALEOS" are trademarks of Sierra Wireless. "MineFleet
®" is a registered trademark of Agnik. Other product or service names mentioned herein may be the trademarks of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.
Media Contacts:
Robert Gilligan,
Agnik.
Tel: 410-290-0864
E-mail:
rgilligan@agnik.com