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Sierra Wireless, Inc. Completes Acquisition of AirLink Communications, Inc May 25, 2007 VANCOUVER, British Columbia– Sierra Wireless, Inc. (NASDAQ: SWIR, TSX: SW) announced today that it has completed the acquisition of AirLink Communications, Inc. (“AirLink”), a privately-held developer and supplier of high value fixed, portable and mobile wireless data solutions for industrial and public safety applications. AirLink achieved solid growth with revenue of $24.8 million in 2006, compared to $19.8 million in 2005. AirLink had earnings from operations of $3.9 million in 2006 and gross margin of 44%. The combination joins AirLink, a leading provider of fixed, portable and mobile wireless connectivity devices, embedded software and remote device management software, with Sierra Wireless, a leading provider of wide area wireless solutions for mobile computing. The combined entity is expected to be a leader in mobile computing as well as rugged, intelligent mobile and M2M connectivity solutions. Sierra Wireless paid cash consideration of $11.0 million, plus $1.0 million for customary closing adjustments and issued approximately 1.3 million shares to the shareholders of AirLink. The business will be fully integrated under a single management team, comprised of both Sierra Wireless and AirLink personnel. The business will continue under the Sierra Wireless name, will be headquartered in Richmond, British Columbia and will be led by Jason Cohenour, President and Chief Executive Officer. Andrew Berman, AirLink’s CEO, will become the Senior Vice-President and General Manager of the Sierra Wireless “Mobile and M2M” business segment. SOURCE Sierra Wireless.
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