Business
Sonim Technologies Provides Business Update
SAN MATEO, Calif., March 20, 2020 /PRNewswire/ -- Sonim Technologies, Inc. (Nasdaq: SONM), a leading U.S. provider of ultra-rugged mobility solutions
About this update from Dna X, Inc.
[{"type":"text","content":" SAN MATEO, Calif., March 20, 2020 /PRNewswire/ -- Sonim Technologies, Inc. (Nasdaq: SONM), a leading U.S. provider of ultra-rugged mobility solutions designed specifically for task workers physically engaged in their work environments, today provided an update on business operations. \n\n \n \n \n \n \n \n\n \n\"After having to shut down our manufacturing operations due to the COVID-19 disruptions in Asia early this year, Sonim is now back to full operations,\" said Tom Wilkinson, Chief Executive Officer. \"The COVID-19 situation is far from over, and we continue to closely monitor developments around this global event. We are continuing to take orders from our carrier partners, ship inventory to fulfill these orders and manufacture new inventory units at our facilities in Asia. Our Operations team is in regular contact with our global supply chain partners, and, at this time, we do not see any constraints on our ability to deliver products in fulfillment of our customers' orders.\"\nWilkinson added, \"The public safety market has always been a key customer segment for Sonim, and the current environment is leading to renewed emphasis on the rugged performance standards we build into our products. In particular, the chemical resistance and waterproof architecture of our devices allows them to be aggressively cleaned and disinfected, a key feature for the first responders and healthcare workers at the front lines of COVID-19. The work-from-home initiative that companies around the globe are moving to is also driving interest as companies look for ways to equip workers with the dependable devices that can make them effective wherever they are, especially in the field.\" \nSonim also stated that it presently has adequate liquidity and capital on-hand to fund its current operating needs and meet continued customer demand. The company has taken steps to improve working capital efficiency in the new year through improved management of inventory levels as well as other measures.\nInvestor MeetingsSonim CEO Tom Wilkinson and CFO Bob Tirva will be available for virtual meetings with interested investors. Meetings can be arranged by contacting Matt Kreps of Darrow Associates, investor relations for Sonim, at [email protected]. \nAbout Sonim Technologies, Inc.Sonim Technologies is a leading U.S. provider of ultra-rugged mobility solution...