SAN DIEGO and BASKING RIDGE, NJ — Novatel Wireless, Inc. (Nasdaq:NVTL), a leading provider of wireless broadband access solutions, and Verizon Wireless, operator of the nation's most reliable wireless broadband network, today announced the commercial availability of the V740 ExpressCard. The world's first ExpressCard to operate on Verizon Wireless' faster wireless broadband network, based on Evolution-Data Optimized (EV-DO) Revision A (Rev. A) technology, the V740 offers advanced data speeds and connectivity, lower latency and quick, reliable access to important information.
"Novatel Wireless is committed to providing the latest in broadband wireless technology with innovations in ExpressCard products and reliable connectivity," said Brad Weinert, acting chief executive officer and chief operating officer for Novatel Wireless. "Paired with Verizon Wireless' BroadbandAccess service, the V740 ExpressCard offers the latest technology available for EV-DO Rev. A networks."
The V740 ExpressCard provides Verizon Wireless customers with access to Verizon Wireless' flagship business data service, BroadbandAccess, which runs faster and more efficiently on Rev. A technology. Customers in Rev. A coverage areas can take advantage of upload speeds that are eight to nine times faster than that of Verizon Wireless' existing wireless broadband network, while interacting with Web-based applications with improved latency for a better customer experience. For example, BroadbandAccess customers in enhanced broadband wireless coverage areas using the V740 ExpressCard can expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits and average upload speeds of 500-800 kbps, which means customers can download a 1 Megabyte e-mail attachment the equivalent of a small PowerPoint® presentation or a large PDF file in about eight seconds and upload the same-sized file in less than 13 seconds. Verizon Wireless customers can download files approximately ten times faster than customers of wireless service providers who use non-EV-DO technology.
The V740 ExpressCard's small and light form factor is designed for use in mobile computing notebooks that support the ExpressCard 34 and/or 54 interface, as well as USB 2.0, and easily functions with Windows® (2000, XP, Vista) and Mac® (10.4.8 or higher). The intuitive user interface, via Verizon Wireless' VZAccess Manager software, is simple to install and allows for convenient navigation through the card's vast feature suite, in addition to allowing easy access to remote access connections and business applications. The sophisticated dual-band diversity antenna system design incorporates a flip-up antenna, maximizing data speed performance and allowing for stronger network signal reception and the V740 ExpressCard features a dual-color LED service status indicator for data throughput monitoring.
The V740 ExpressCard is available today for $179.99 with a new two-year customer agreement or $229.99 with a new one-year customer agreement online and in Verizon Wireless Communications Stores. For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to www.verizonwireless.com.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving more than 59 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 65,000 employees nationwide. The company is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
About Novatel Wireless
Novatel Wireless, Inc. is revolutionizing wireless communications. The company is a leader in the design and development of innovative wireless broadband access solutions based on 3G WCDMA (HSDPA & UMTS), CDMA and GSM technologies. Novatel Wireless' MerlinTM PC Cards and ExpressCards, Expedite® Embedded Modules, MobiLink Communications Software Suite, Ovation Fixed Mobile Convergence Products and Conversa Software Suite enable high-speed wireless access. The company delivers innovative 3G solutions to operators, distributors and vertical markets worldwide. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information visit www.novatelwireless.com. (NVTLG).
© 2007 Novatel Wireless. All rights reserved. The Novatel Wireless logo, Merlin, Expedite, Freedom Box, MobiLink, Ovation and Conversa are trademarks of Novatel Wireless, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, new product introductions, continued acceptance of Novatel Wireless' products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at www.sec.gov) and other regulatory agencies.