Novatel Wireless Inc. (NVTL - Analyst Report) – one of the leading manufacturers of wireless data modems – launched SA 2100, a superior higher frequency MiFi-based M2M device which will connect various M2M vertical markets.
The launch of the new SA 2100 technology will ease the usage of M2M applications across vertical markets as the new device will be integrated with simple applications.
The new device will be of immense help to various M2M vertical markets which includes M2M Fixed Telemetry, M2M Fleet Management and Asset Tracking and Connected car. By using SA 2100 in cars as a hotspot, the user can easily connect multiple devices through a Wi-Fi platform.
Likewise, the usage of SA 2100 device for M2M Fleet Management and Asset Tracking will also benefit the user to easily track the fleet through advanced GPS tracker. While in case of M2M Fixed Telemetry, the new device will connect Ethernet-powered or Wi-Fi-based devices to lightning fast Internet by 4G LTE access.
Novatel is one of the leading brands to offer MiFi devices to its customers. The company already supplies its LTE-based MiFi devices to the top three carriers in the U.S., namely, Verizon Communication Inc. (VZ - Analyst Report), AT&T, Inc. (T - Analyst Report) and Sprint Nextel Corp. (S - Analyst Report).
However, the company is facing stiff competition from the low-cost Asian manufacturers, including ZTE and Huawei Technologies. Moreover, in recent times, most smartphones have inbuilt hotspot facilities, thus completely bypassing the need for any MiFi modem.
In order to boost its top line, the company is continuously upgrading its software and launching innovative devices in an attempt to drive the Mi-Fi usage.
Currently, Novatel Wireless has a Zacks Rank #3 (Hold).