Sierra Wireless (NASDAQ: SWIR) (TSX: SW) today announced a sponsorship program with MedStartr, the first crowdfunding platform created to fund healthcare projects, startups, and innovations that help people live longer, healthier lives. As an exclusive sponsor, Sierra Wireless is the preferred provider of wireless communications technology for MedStartr companies.
With healthcare costs continuously rising, technological innovation is a key to increasing efficiency and controlling costs while maintaining high quality patient care and effectively managing chronic diseases. As a sponsor of MedStartr, Sierra Wireless is leveraging its experience working with healthcare companies around the world to provide wireless connectivity for equipment that helps healthcare providers and their patients manage conditions like diabetes, sleep apnea, hypertension, and cognitive disabilities.
MedStartr’s unique, consultative approach for healthcare startup companies sets it apart from similar crowdfunding sites serving other industries. By collaborating with Sierra Wireless, MedStartr companies gain direct access to a full range of wireless connectivity solutions to accelerate their product development. Sierra Wireless solutions include a wide range of AirPrime™ embedded modules that provide 2G to 4G network access, a comprehensive set of development tools and software libraries to simplify their development process, and the AirVantage™ M2M Cloud, which provides management capabilities for devices in the field and enables the collection and integration of data from the devices with other back-end systems.
“We are very excited to have Sierra Wireless, a global leader in wireless communications, engaged with our innovative healthcare clients,” said Alex Fair, Founder and CEO of MedStartr. “Many of our projects have developed great ideas that can benefit from a wireless communications link, and having access to a partner like Sierra Wireless will help them integrate and deploy quickly, speeding time to market and improving their chance of success. Healthcare is an extremely partner-driven industry and partnering with Sierra Wireless is a great move for many of our clients as they develop geo-specific and self-quantification solutions that can make us all healthier.”
“Healthcare is a growing market for wireless connectivity,” said Olivier Pauzet, Vice President of Market Strategy, Embedded Solutions for Sierra Wireless. “We believe integrating wireless technology into healthcare devices improves the lives of patients managing chronic health conditions and streamlines costs for their healthcare providers without sacrificing quality care. We are pleased to work with MedStartr to help the next generation of healthcare innovators develop and integrate wireless connectivity into their solutions.”
Sierra Wireless is offering developers of healthcare device startup companies the opportunity to win a development package that will enable an end-to-end healthcare device management solution. This package includes a Sierra Wireless Development Kit, embedded software development tools, a six-month trial account for up to 5 devices to connect to AirVantage M2M cloud, enhanced with a pre-paid 20 MB SIM card from a Sierra Wireless M2M operator partner, valid for six months. In addition, MedStartr will offer a consulting session for winners on using the MedStartr platform for crowd funding. Visit http://www.sierrawireless.com/mhealth_contest for more details and to enter.
For more information about Sierra Wireless solutions for healthcare applications, please visit http://www.sierrawireless.com/healthcare. To contact the Sierra Wireless Sales Desk, call +1 (604) 232-1488 or visit http://www.sierrawireless.com/sales. To connect with the Sierra Wireless developer community, visit http://developer.sierrawireless.com.
MedStartr is the leading healthcare crowdfunding platform. Launched on Independence day, 2012, MedStartr has helped healthcare innovators get found and funded faster than ever, attracting millions from investors and over 50 partnerships in their first eight months. With the launch of the MedStartr challenge platform MedStartr now enables organizations and corporations to support innovation in healthcare that is powered by crowds of patients, providers, institutions, and all people who care deeply about improving the quality of care that can be given and received to enable people to live longer and healthier lives. To learn more please visit MedStartr.com or follow them on twitter at @MedStartr.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) offers industry-leading mobile computing and machine-to-machine (M2M) communications products and solutions that connect people, devices, and applications over cellular networks. Wireless service providers, equipment manufacturers, enterprises and government organizations around the world depend on us for reliable wireless technology. We offer 2G, 3G and 4G wireless modems, routers and gateways as well as a comprehensive suite of software, tools, and services that ensure our customers can successfully bring wireless applications to market. For more information about Sierra Wireless, visit www.sierrawireless.com.
“AirPrime” and “AirVantage” are 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.