Business Services Industry
Novatel seals deal to lower costs.(with LG Innotek and Wireless KNowledge)
Wireless Week, November, 2002 by Bassuener, Kristy
Novatel Wireless announced two deals aimed at lowering costs and expanding its sales exposure. In a deal with LG Innotek, a manufacturing subsidiary of South Korea's LG Group, Novatel will outsource a majority of its wireless data modern component-making to LG Innotek. The manufacturer will develop the components at its Seoul-based plant under the new alliance.
"While we focus on making wireless data products more effective, Novatel Wireless can focus on [research and development] and together we can deliver a compelling offering to wireless service providers and technology leaders," says Harry Kang, LG Innotek's U.S. branch manager. Adds John Major, Novatel's chairman: "Not only will we be able to signifcantly lower the costs of our products...
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