Novatel Wireless has introduced a 3G router called MiFi, which Novatel says is unique in the market because it creates a personal cloud of high-speed Internet connectivity that can be shared among multiple users and WiFi devices such as laptops, cameras, gaming devices and multimedia players. The MiFi will be available in the first quarter 2009.
Novatel also said it will allow third-party applications to operate on the system. "With the pocket-sized MiFi device, Novatel Wireless has invented a new category of mobile broadband solutions, pushing the envelope in design and performance and ushering in the next era of the mobile broadband experience," said Peter Leparulo, chairman and CEO of Novatel Wireless. "Our carrier partners will now be able to provide new wireless solutions and bundles for consumer and enterprise users. This will contribute to the continued growth of the addressable broadband market and create a unique opportunity for carriers to generate additional revenue per user through the deployment of innovative value-add applications and services."
Novatel said it will sell its MiFi devices through the carriers. While the carriers will determine pricing, Novatel said it expects the devices to cost under $200 before any carrier subsidies.
In related news, Brad Weinert resigned as president of the company.
For more:
- read this release [1]
Links:
[1] http://investor.novatelwireless.com/releasedetail.cfm?ReleaseID=353263