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Smith Micro to Explore Strategic Options for the QuickLink IoT Product Line

September 5, 2018

ALISO VIEJO, Calif.--(BUSINESS WIRE)--Sep 5, 2018--Smith Micro Software, Inc. ( NASDAQ: SMSI ) today announced it is exploring strategic options for its QuickLink IoT™ product line.

“We continue to sharpen our focus on the market opportunities where we see the maximum growth opportunities and where Smith Micro can lead the market, building on the success of our core products — our SafePath ® Connected Life and CommSuite ® platforms. We will continue to invest in new innovations that are central to our go-forward strategy, while delivering what we believe is the best value possible for our shareholders,” said William W. Smith, Jr., President and CEO of Smith Micro Software.

“Our QuickLink IoT platform and technology suite has significant value that addresses the enormous IoT and mobile device ecosystem. Our solutions bring the end-to-end security, robustness, scalability and on-device intelligence that are critical to activating the true value of IoT for connected businesses, smart cities, industrial IoT applications and smart home and consumer applications,” concluded Mr. Smith.

The QuickLink IoT Product Line offers:

A Device Management client for Smartphones that implements the Open Mobile Alliance OMA-DM stack A Device Management client for IoT devices that supports the OMA LwM2M standards. Firmware Over the Air (FOTA) technology for IoT devices A cloud enabled Device Management Platform supporting both OMA-DM and LwM2M A strong US Patent Portfolio

Palmares Advisors is serving as Smith Micro’s financial advisor in the evaluation process. In order to learn more about the QuickLink IoT platform and to discuss strategic options, please contact Woody Hobbs, Managing Director at woodyhobbs@palmaresadvisors.com.

About Smith Micro Software, Inc.:

Smith Micro develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers, device manufacturers, and enterprise businesses around the world. From optimizing wireless networks to uncovering customer experience insights, and from streamlining Wi-Fi access to ensuring family safety, our solutions enrich today’s connected lifestyles while creating new opportunities to engage consumers via smartphones. Our portfolio also includes a wide range of products for creating, sharing and monetizing rich content, such as visual messaging and 2D/3D graphics applications. For more information, visit smithmicro.com

Forward-Looking Statements:

Certain statements in this press release are forward-looking statements regarding future events or results including statements regarding our future plans and expectations for certain of our product lines and other statements using such words as “expect,” “anticipate,” “believe,” “plan,” “intend,” “could,” and other similar expressions. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Among the important factors that could cause or contribute to such differences are our ability to continue as a going concern, our ability to raise more funds to meet our capital needs, changes in demand for our products from our customers and their end-users, customer concentration, given that the majority of our sales depend on a few large customer relationships, new and changing technologies, customer acceptance and timing of deployment of those technologies, and our ability to compete effectively with other software and technology companies. These and other factors discussed in our filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management, and we do not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.

Smith Micro, QuickLink IoT and the Smith Micro logo are registered trademarks or trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective owners.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180905005214/en/

CONTACT: Smith Micro Software, Inc.

IR INQUIRIES:

Charles Messman, 949-362-5800

Investor Relations

IR@smithmicro.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE MOBILE/WIRELESS COMMUNICATIONS PUBLIC RELATIONS/INVESTOR RELATIONS

SOURCE: Smith Micro Software, Inc.

Copyright Business Wire 2018.

PUB: 09/05/2018 06:30 AM/DISC: 09/05/2018 06:30 AM

http://www.businesswire.com/news/home/20180905005214/en

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