SIXNET Acquires BlueTree Wireless Data
Share:
(Clifton Park, New York - August 27, 2007) SIXNET Holdings, LLC announced today that it has signed an agreement to acquire 100% of the outstanding shares of BlueTree Wireless Data, a leading supplier of Machine to Machine (M2M) Cellular Data Products.
SIXNET and BlueTree have been working for some time to integrate their respective technologies into powerful products that will be unparalleled in the M2M markets. Both SIXNET and BlueTree base their products on a Linux platform that invite integration. The two companies working together have developed a new hardware platform that will greatly increase performance while lowering operating power and reducing the mounting footprint of the resulting products. While working together as technology partners it became apparent that the synergies the two companies share made this merger a logical and beneficial next step. The first jointly developed products, based upon EVDO cellular technology, will be unveiled in fourth quarter this year.
BlueTree Wireless will continue to be managed under the capable leadership of Michael Ramsay, BlueTree President. Mr. Ramsay and a second as yet unnamed BlueTree representative will be joining the Board of Members of SIXNET Holdings, LLC, the parent company of SIXNET, LLC.
BlueTree's multiple locations across in Canada will have strategic importance in increasing SIXNET's presence in the Canadian market.
Steve Schoenberg, CEO of SIXNET, was quoted to say: "We are pleased to now be able to offer our customers wireless solutions to complement the Industrial Ethernet and fiber optic solutions that SIXNET already offers. Our OEM customers will have global connectivity for their SIXNET-based products with the advantage of carrier certifications that are made possible by the integration of BlueTree modems into SIXNET Automation and Ethernet Connectivity product offerings."
About SIXNET:
SIXNET is a leading manufacturer of process automation, Ethernet connectivity and PSTN (landline) modem products used in harsh industrial, commercial and military applications. SIXNET is privately held with equity participation by American Capital Strategies of Bethesda, MD. and Riverside Partners of Boston, MA. SIXNET is located in Clifton Park, N.Y. For more information about SIXNET, visit www.sixnetio.com
About BlueTree Wireless Data Inc. (BTW):
BlueTree Wireless Data Inc. is a leading developer and manufacturer of wireless modems and software solutions for commercial and industrial applications. BlueTree Wireless's modems are designed to operate on cellular networks worldwide enabling M2M applications in the Public Safety, Fleet Management, Field Service, SCADA and Telemetry markets.
BlueTree Wireless is publicly traded on the Canadian (TSX) Venture Exchange (TSXV:BTW). Please visit www.bluetreewireless.com for more information about BlueTree.
For more information, please contact Rebecca Thompson at +1 518-877-5173 or email rebeccaT@sixnetio.com.
