|[January 24, 2013]
Polaris Wireless Announces Record Revenue and Profitability in 2012
MOUNTAIN VIEW, Calif. --(Business Wire)--
Polaris Wireless, the global leader in high-accuracy, software-based
wireless location solutions, today announced it achieved a significant,
record increase in revenue and profitability in 2012, where revenue grew
79 percent year-over-year, and profitability (as measured by EBITDA)
increased six-fold. These results reflect sustained returns on new sales
bookings starting in 2011, and are driven by aggressive growth for
Polaris Wireless location solutions across the globe. Twenty-four U.S.
wireless carriers, six managed services partners, and fifteen
international deployments now rely on Polaris Wireless location
solutions to enable emergency call applications, lawful and mass
location surveillance, and other location-based services.
"In 2012 Polaris Wireless continued its upward trajectory as it
solidified its position as the foremost provider of high-accuracy
wireless location solutions for mission critical applications," said
Manlio Allegra, president, CEO and co-founder of Polaris Wireless. "We
have been recognized by law enforcement and other government agencies,
as well as by business media and industry analysts, as the leader in our
field, a role we intend to continue to occupy in 2013 and beyond."
Polaris Wireless achieved several significant milestones in 2012,
Won several significant customer contracts for multi-million
dollar deployments of the Polaris Wireless Altus and OmniLocate
location surveillance product suite, including a contract in the
Europe-Middle East-Africa (EMEA) region, which is the company's 38th
Expansion of strategic business in the Asia-Pacific region centered on
India, where Polaris Wireless announced
it is the first company to comply, through live trials, with
India's Department Of Telecom (DoT) mandate for wireless location
accuracy on both 2G and 3G
of Altus Mobile, the industry's first mobile location surveillance
application, providing real-time location of targets/suspects and blue
forces to field agents on their mobile devices.
Recognition for its explosive business growth by being
named to the sixth annual Inc. 5000, an exclusive ranking of the
nation's fastest-growing private companies.
Participation as the only
network-based location vendor in a groundbreaking indoor location
technology market trial organized by the Federal Communication
Commission's (FCC (News - Alert)) advisory committee, the Communications Security,
Reliability and Interoperability Council (CSRIC).
"We look forward to announcing additional business expansion and several
exciting new business partnerships in the coming year," added Allegra.
"The search for a high-accuracy location solution in 2013 will stop with
About Polaris Wireless
Headquartered in Mountain View, Calif., Polaris Wireless is the global
leader in providing high- accuracy, software-based wireless location
solutions to wireless operators, law enforcement/
government agencies and location-based application companies. Since
2003, Polaris Wireless has successfully completed 39 global deployments
- 15 for lawful location surveillance and LBS in Asia and EMEA, and 24
to meet FCC E911 Phase II requirements in the US. The company has
offices in Dubai, U.A.E., Bangalore, India, Tokyo, Japan, and Santiago,
Polaris Wireless is the recipient of the prestigious Frost & Sullivan (News - Alert)
"2011 Enabling Technology of the
Year" award and was
named to the 2012 Inc. 5000 list of fastest-growing private
companies, recognizing the company's accomplishments and leadership in
developing location solutions. The company participates in location
committees and other groups within the 3GPP and OMA standards setting
bodies, and also participates in regulatory and industry bodies related
to E911, lawful location surveillance, and location-based services.
Polaris Wireless is located at 301 North Whisman Road, Mountain View, CA (News - Alert)
94043 USA. For more information about Polaris Wireless, please visit http://www.polariswireless.com.
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