BASKING RIDGE, N.J., and SAN DIEGO — Verizon Wireless will introduce the highly-anticipated MiFi 2200 Intelligent Mobile Hotspot on May 17. Developed by Novatel Wireless (NASDAQ: NVTL), the MiFi 2200 lets customers create a personal Wi-Fi cloud capable of sharing the reliability and high-speed Internet connectivity of the Verizon Wireless 3G Mobile Broadband network with up to five Wi-Fi-enabled devices such as notebooks, netbooks, cameras, gaming devices or portable media/MP3 players.
The MiFi 2200 is small enough to fit in a pocket, measuring 3.5” x 2.3” x 0.4” and weighing 2.05 ounces. It combines a variety of features into its streamlined form factor, including integrated internal CDMA and Wi-Fi antennas, advanced security and authentication technologies. When one device is connected through Wi-Fi, the MiFi 2200’s rechargeable battery provides up to four hours of active use and 40 hours of standby time on a single charge.
“The MiFi 2200 gives more than 86 million customers access to the nation’s largest and most reliable 3G network,” said Mike Lanman, vice president and chief marketing officer for Verizon Wireless. “With projected growth rates of over 30 percent for Wi-Fi mobile phones, MiFi will be of great benefit to both business customers and consumers. It gives customers the flexibility to transform their Wi-Fi-enabled consumer electronics into Mobile Broadband devices and to choose how and when they need to be connected at a price point that will match most budgets.”
“The MiFi 2200 offers unprecedented possibilities for students, mobile workers and families to all stay connected while on the go,” said Peter Leparulo, chairman and chief executive officer, Novatel Wireless. “We are very pleased to work closely with Verizon Wireless to deliver the most advanced connectivity solutions possible to our combined customers.”
The MiFi 2200 will be available online and in Verizon Wireless Communications Stores for $99.99 after a $50 mail-in rebate with a new two-year customer agreement. Customers can select from various price plans:
- $39.99 monthly access for 250 MB monthly allowance and 10 cents per megabyte overage
- $59.99 monthly access for 5 GB monthly allowance and 5 cents per megabyte overage
Customers can also use the MiFi 2200 with Verizon Wireless’ Mobile Broadband DayPass for $15 for 24-hour access when the device is purchased at full retail price without a monthly service plan.
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. Business customers may contact their Verizon Wireless Business Sales Representative at 1-800-VZW-4BIZ.
About Verizon Wireless
Verizon Wireless operates the nation’s most reliable and largest wireless voice and data network, serving more than 86.6 million customers. Headquartered in Basking Ridge, N.J., with more than 86,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, visit 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 a leader in the design and development of innovative wireless broadband access solutions based on 3G and 4G WCDMA (HSPA & UMTS), CDMA and GSM technologies. Novatel Wireless’ USB modems, embedded modules, Intelligent Mobile Hotspot products and software enable high-speed wireless Internet access on leading wireless data networks. The Company delivers specialized wireless solutions to carriers, distributors, OEMs and vertical markets worldwide. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information please visit www.novatelwireless.com. (NVTLG)
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.
(C) 2009 Novatel Wireless. All rights reserved. The Novatel Wireless name, logo and MiFi are trademarks of Novatel Wireless, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.