Key Developments: Numerex Corp (NMRX.W)
10.18USD
23 May 2013
$0.18 (+1.80%)
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Latest Key Developments (Source: Significant Developments)
Numerex Corp And Sentaca Collaborate On International Expansion Of M2M
Numerex Corp and interactive machine-to-machine (M2M) enterprise solutions, announced an collaboration with Sentaca, a niche supplier of strategic consulting, services & innovation to the international telecoms industry, headquartered in the United Kingdom. This collaboration will center on Numerex FAST, i.e., Numerex's horizontal M2M application platform; vertical M2M applications and M2M integration support services; together with Sentaca's International operational support and development capabilities. Full Article
Numerex Corp Prices Underwritten Public Offering Of Common Stock
Numerex Corp announced the pricing of an underwritten public offering of 2,315,000 shares of its common stock at a price to the public of $11.25 per share. The Company has also granted to the underwriters a 30-day option to purchase, at the same price per share as the underwriters paid for the initial shares, an additional 347,250 shares to cover over-allotments in connection with the offering. Assuming no exercise of the over allotment provision, the Company expects to receive gross proceeds of $26.0 million prior to the deduction of underwriting discounts, commissions and offering expenses. The offering is expected to close on January 28, 2013. Needham & Company, LLC is acting as the sole book-running manager of the offering. Craig-Hallum Capital Group LLC is acting as co-manager. Northland Capital Markets acted as a financial advisor to the Company. Numerex intends to use the net proceeds from the offering for working capital and general corporate purposes. A portion of the net proceeds also may be used to repay indebtedness. Full Article
Numerex Corp Proposes Public Offering of Common Stock
Numerex Corp announced that it is offering to sell shares of its common stock in an underwritten public offering. Needham & Company, LLC is acting as the sole book-running manager of the offering. Craig-Hallum Capital Group, LLC is acting as co-manager. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Full Article
Numerex Corp. And Transatel Collaborate On M2M Solution Deployment In Europe
Numerex Corp. announced that they are laying the groundwork for a key strategic initiative with Transatel. Under the agreement, Numerex and Transatel contemplate delivering set of M2M product and service capabilities in Europe. The European M2M market is developing at a rapid pace, and the combination of Numerex FAST horizontal M2M application platform, vertical M2M applications and M2M integration support services is an ideal complement to Transatel's managed M2M connectivity service. Full Article
Numerex Corp. Comments On FY 2012 Earnings Guidance-Conference Call
Numerex Corp. announced that for fiscal 2012, it expects GAAP operating profits and net earnings to be consistently profitable throughout the year. Full Article
Numerex Corp. Awarded Two New Communication Patents
Numerex Corp. announced the issuance of two new U.S. patents, further solidifying the Company's leadership in M2M innovation. In addition to its licensing portfolio, Numerex has been granted a total of 52 patents for M2M technology innovations. The digital upgrade system translates a command from analog to digital so that it can be broadcast over a wireless digital network. Alternatively, the system can translate a digital message to an analog command to be received by a functionality module of a wireless CPE Host. The second patent applies to a Numerex-developed method for message delivery over a data network. After determining the communications protocol between two interacting communication devices, a telemetry gateway or short message arbitrator converts the message to a compatible data format. The telemetry gateway or short message arbitrator then forwards the message for receipt without requiring a store-and-forward process. Full Article
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