Sierra Wireless (NASDAQ: SWIR) (TSX: SW), the leading provider of fully
integrated device-to-cloud solutions for the Internet of Things (IoT),
today announced that Stone
Technologies, a supplier of intelligent monitoring solutions, has
chosen Sierra
Wireless’ Uplink® remote monitoring solution and connectivity
services to expand beyond its traditional alarm monitoring business to
generate new revenue streams.
Art Stone, CEO, Stone Technologies, said: “Sierra Wireless’ Uplink
solution and connectivity services have allowed us to expand into new
markets and open new revenue streams with a managed service for
industrial monitoring. We’re giving customers greater visibility over
their remote equipment, whether they’re in wastewater monitoring, tower
lighting or emergency generator management. By partnering with Sierra
Wireless, we were able to deliver a new service for our customers and
increase our monitoring revenue by 32 percent from 2017 to 2018.”
Stone Technologies was already using Uplink solutions for its security
monitoring services but recognized that these same remote monitoring
capabilities could be used to realize new business opportunities outside
of the security industry. The company is now providing a managed service
for government and enterprise customers with three unique use cases:
radio tower lighting, emergency generators and water/wastewater
management stations. Stone Technologies’ can now monitor critical
operations data about the status and performance of its customers’
systems, allowing them to increase revenue and find cost savings.
Additionally, this service helps Stone Technologies customers ensure
compliance with safety regulations and avoid government and municipality
fines due to, for example, sewer water escaping into environmentally
sensitive areas or radio tower lights failing.
Marc Overton, Chief Solutions Officer, Sierra Wireless, said: “As Stone
Technologies’ trusted IoT partner, Sierra Wireless provides solutions
and services that enable them to capitalize on opportunities for
recurring revenue in new markets. Stone Technologies’ managed monitoring
service guarantees that they can react quickly to costly system failures
and important mechanical events, helping their customers avoid hefty
fines and business losses. By providing a new service to customers,
Stone Technologies has greatly increased their annual revenue and
expanded into new markets.”
The Uplink 5500EZ remote monitoring solution sends an alert to the user
anytime that a connected device has had a change of state, making it an
ideal solution for wide range of monitoring applications, from security
to industrial and beyond.
To contact the Sierra Wireless Sales Desk, call +1 877-687-7795 or visit http://www.sierrawireless.com/sales.
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About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is an IoT pioneer, empowering
businesses and industries to transform and thrive in the connected
economy. Customers Start with Sierra because we offer a device to cloud
solution, comprised of embedded and networking solutions seamlessly
integrated with our secure cloud and connectivity services. OEMs and
enterprises worldwide rely on our expertise in delivering fully
integrated solutions to reduce complexity, turn data into intelligence
and get their connected products and services to market faster. 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.
About Uplink
Uplink, a Sierra Wireless Solution, is the security industry’s most
trusted source for wireless alarm communicators. Uplink’s cellular alarm
communications and interactive services offer a superior wireless
solution that is always connected when they need it most. Uplink
solutions are powered by Sierra Wireless, providing packaged solutions
to alarm dealers as a fast, easy and highly profitable solution to meet
their customer’s security, industrial monitoring and GPS tracking needs.
As a security solutions provider, Uplink solutions have long been the
security industry’s most trusted source of wireless alarm communicators,
delivering a unique combination of superior value and reliable
technology for over 20 years. For more information, visit www.uplink.com.
Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog,
on Twitter at @SierraWireless, on LinkedIn at http://www.linkedin.com/company/sierra-wireless
and on YouTube at http://www.youtube.com/SierraWireless.
“Sierra Wireless” and “Uplink” are registered trademarks of Sierra
Wireless. Other product or service names mentioned herein may be the
trademarks of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties. These forward-looking statements relate to,
among other things, 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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