Numerex Surpasses 2 Million M2M Subscription Milestone Integrated Services Platforms Key to Growth Acceleration
ATLANTA, March 19, 2013 /PRNewswire/ -- Numerex Corp (Nasdaq: NMRX), a leading provider of on-demand and interactive machine-to-machine (M2M) enterprise solutions, announced today that it had recently reached a significant industry milestone, supporting over 2 million M2M subscriptions in a variety of vertical markets, reflecting growth of over 30 percent.
A growing number of organizations in North America and abroad recognize the quality and effectiveness of the products and services offered by the Company in support of their solutions. The Company's single source, fully integrated 'service as a platform' approach to enabling M2M solutions has been embraced by businesses that cover over 50 vertical and sub-vertical markets. This growth correlates well with recent industry trends highlighting the potential and rapid pace of M2M adoption.
"While it took us several years to reach the 1 million subscription mark, we have doubled our base in about two years, mostly organically," said Stratton J. Nicolaides, chairperson and CEO of Numerex. "The strategic direction of the Company will continue to be centered on on-demand, interactive services and customer care. Our robust, feature rich platforms are fully integrated and designed to support M2M vertical specialization for both customized solutions to enterprise and turnkey solutions for distribution."
Numerex Corp (NASDAQ: NMRX) is a leading provider of interactive and on-demand machine-to-machine (M2M) technology and service, offered on a subscription basis, used in the development and support of M2M solutions for the enterprise and government markets worldwide. The Company offers Numerex DNA® that may include hardware and smart Devices, cellular and satellite Network services, and software Applications that are delivered through Numerex FAST® (Foundation Application Software Technology). In addition, business services are offered to enable the development of efficient, reliable, and secure solutions while accelerating deployment. Numerex is ISO 27001 information security-certified, highlighting the Company's focus on M2M data security, service reliability, and round-the-clock support of its customers' M2M solutions. For additional information, please visit www.numerex.com.
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Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements.
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