Smith Micro to Explore Strategic Options for the QuickLink IoT Product Line
September 05 2018 - 6:30AM
Business Wire
Smith Micro Software, Inc. (NASDAQ: SMSI) today announced it is
exploring strategic options for its QuickLink IoT™ product
line.
“We continue to sharpen our focus on the market opportunities
where we see the maximum growth opportunities and where Smith Micro
can lead the market, building on the success of our core products —
our SafePath® Connected Life and CommSuite® platforms. We will
continue to invest in new innovations that are central to our
go-forward strategy, while delivering what we believe is the best
value possible for our shareholders,” said William W. Smith, Jr.,
President and CEO of Smith Micro Software.
“Our QuickLink IoT platform and technology suite has significant
value that addresses the enormous IoT and mobile device ecosystem.
Our solutions bring the end-to-end security, robustness,
scalability and on-device intelligence that are critical to
activating the true value of IoT for connected businesses, smart
cities, industrial IoT applications and smart home and consumer
applications,” concluded Mr. Smith.
The QuickLink IoT Product Line offers:
- A Device Management client for
Smartphones that implements the Open Mobile Alliance OMA-DM
stack
- A Device Management client for IoT
devices that supports the OMA LwM2M standards.
- Firmware Over the Air (FOTA) technology
for IoT devices
- A cloud enabled Device Management
Platform supporting both OMA-DM and LwM2M
- A strong US Patent Portfolio
Palmares Advisors is serving as Smith Micro’s financial advisor
in the evaluation process. In order to learn more about the
QuickLink IoT platform and to discuss strategic options, please
contact Woody Hobbs, Managing Director at
woodyhobbs@palmaresadvisors.com.
About Smith Micro Software, Inc.:
Smith Micro develops software to simplify and enhance the mobile
experience, providing solutions to some of the leading wireless
service providers, device manufacturers, and enterprise businesses
around the world. From optimizing wireless networks to uncovering
customer experience insights, and from streamlining Wi-Fi access to
ensuring family safety, our solutions enrich today’s connected
lifestyles while creating new opportunities to engage consumers via
smartphones. Our portfolio also includes a wide range of products
for creating, sharing and monetizing rich content, such as visual
messaging and 2D/3D graphics applications. For more information,
visit smithmicro.com
Forward-Looking Statements:
Certain statements in this press release are forward-looking
statements regarding future events or results including statements
regarding our future plans and expectations for certain of our
product lines and other statements using such words as “expect,”
“anticipate,” “believe,” “plan,” “intend,” “could,” and other
similar expressions. Forward-looking statements involve risks and
uncertainties, which could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements. Among the important factors that could cause or
contribute to such differences are our ability to continue as a
going concern, our ability to raise more funds to meet our capital
needs, changes in demand for our products from our customers and
their end-users, customer concentration, given that the majority of
our sales depend on a few large customer relationships, new and
changing technologies, customer acceptance and timing of deployment
of those technologies, and our ability to compete effectively with
other software and technology companies. These and other factors
discussed in our filings with the Securities and Exchange
Commission, including our filings on Forms 10-K and 10-Q, could
cause actual results to differ materially from those expressed or
implied in any forward-looking statements. The forward-looking
statements contained in this release are made on the basis of the
views and assumptions of management, and we do not undertake any
obligation to update these statements to reflect events or
circumstances occurring after the date of this release.
Smith Micro, QuickLink IoT and the Smith Micro logo are
registered trademarks or trademarks of Smith Micro Software, Inc.
All other trademarks and product names are the property of their
respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20180905005214/en/
Smith Micro Software, Inc.IR INQUIRIES:Charles Messman,
949-362-5800Investor RelationsIR@smithmicro.com
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