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4-Traders Homepage  >  Equities  >  Tokyo  >  NEC Corp    6701   JP3733000008

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NEC Corporation : NEC and Wyless form Strategic M2M Service Partnership

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04/18/2012 | 04:22am CET

*** For immediate use April 18, 2012

Tokyo, April 18, 2012 - NEC Corporation (NEC; TSE: 6701) and Wyless Inc., the leading provider of global machine-to-machine (M2M) wireless connectivity solutions and managed services, announced today that they have signed a memorandum of understanding (MOU) to form a strategic alliance to explore end-to-end M2M service opportunities.

Under this agreement, NEC will promote Wyless' advanced management software "Porthos(TM)" to mobile network operators and enterprises worldwide. In addition, NEC will add "Porthos(TM)" to its enhanced M2M CONNEXIVE solutions. This converged solution enables mobile network operators and enterprises to maximize user experience while minimizing their operating costs and optimizing their revenue from rapidly increasing M2M connectivity services. Furthermore, in return, Wyless will promote NEC's M2M CONNEXIVE solutions to its customers.

"This partnership with Wyless is an ideal opportunity to mutually extend our M2M business capabilities to customers throughout the world," said Mr. Shigeru Okuya, Vice President and Senior General Manager, NEC Corporation. "NEC is at the forefront of M2M and cloud technologies that require integrated network, IT and device technologies as well as inter-operable applications and device interfaces. NEC's CONNEXIVE solutions provide comprehensive control of M2M services and devices for a wide range of business fields."

"The benefits of this NEC/Wyless offering will provide MNO and Large Enterprise partners with both increased transparency and end to end solutions, allowing them to more effectively manage both the growth and risk of their M2M business," said Mr. Ryan Keefe, VP Global Business Development at Wyless. "We believe that the joint solution will offer the market a comprehensive suite of services that is unrivaled in the industry and we are looking forward to promoting our joint services with NEC."

***


About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society.  For more information, visit NEC at
http://www.nec.com.

About Wyless
Wyless is the leading global M2M managed services provider. Our resilient platform, delivered in partnership with the world's largest network operators, provides secure, reliable communications with wireless devices in over 120 countries. Powerful management tools offer real-time reporting and control over all devices connected to our network. Wyless delivers a comprehensive suite of managed services with unrivalled expertise, professional support and competitive pricing. We enable our customers and partners to deploy M2M applications and services faster, cheaper and more effectively.
The world's most advanced M2M Platform from the world's most trusted M2M partner.
For more information about Wyless, please contact: www.wyless.com

NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. (C)2012 NEC Corporation.

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Financials ( JPY)
Sales 2017 2 758 034 M
EBIT 2017 -
Net income 2017 64 842 M
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Yield 2017 1,96%
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EV / Sales 2018 0,32x
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Average target price 299  JPY
Spread / Average Target -7,7%
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NameTitle
Takashi Niino President, Chief Executive Officer & Director
Nobuhiro Endo Chairman
Isamu Kawashima CFO, Director & Managing Executive Officer
Katsumi Emura Chief Technology Officer & EVP
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