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Sierra Wireless Provides Further Update on Proposed Board Composition
Thursday, May 14, 2020Company Profile | Careers | Follow Company
Sierra Wireless Provides Further Update on Proposed Board Composition and 2020 Management Information Circular
Richmond, BC, May 14, 2020--(T-Net)--Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a leading IoT solutions provider that combines devices, network services and software, has provided a further update on the proposed Board composition and 2020 Management Information Circular.
As set forth in the Circular dated April 20, 2020, in connection with the Company's Annual and Special Meeting of Shareholders, the Company has recommended to shareholders that they consider and, if deemed appropriate, pass a special resolution authorizing the Company to amend its articles to increase the maximum number of directors of the Company from nine to twelve. See "Business of the Meeting - Amendment of Articles" in the Circular.
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Mr. Linton spent 20 years at IBM, developing and founding several worldwide trading and technical centers. After leaving IBM, Mr. Linton helped found E2Open, Inc., a supply chain software company. He has served as chief procurement officer at Agere Systems and Freescale Semiconductor, and as executive vice president and chief procurement officer at LG Electronics. He has served on the World Economic Forum's Global Future Council on Mobility and currently serves as an advisory board member for a number of institutions of higher learning, including the MIT Center for Transportation and Logistics, as well as on several boards in the electronics hardware supply chain.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy. Companies globally are adopting IoT to improve operational efficiency, create better customer experiences, improve their business models and create new revenue streams.
Whether it is an integrated solution to help a business securely connect edge devices to the cloud, or a software/API service to help manage processes associated with billions of connected assets, or a platform to extract real-time data to make the best business decisions, Sierra Wireless will work with you to develop the right industry-specific solution for your next IoT endeavor. Sierra Wireless has more than 1,300 employees globally and operates R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, anticipated board composition, 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.
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