Sonim to Transfer Shenzhen Manufacturing Responsibilities to Unicair
Expected to save $450,000 per quarter in cost of sales for current products
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(Nasdaq: SONM), today announced an agreement to move manufacturing of its XP3, XP5 and XP8 devices to Unicair Communication Technology Co., Ltd, the company s current printed circuit board assembly (PCBA) vendor. Unicair, a communications original design manufacturer (ODM) based in China with more than 650 employees, produces over two million devices monthly, including Qualcomm-based smartphones and IoT devices. This transition to Unicair integrates our manufacturing and quality processes while providing a fixed price of manufacturing for our devices rather than the variable costs and high overheads of the previous Sonim model, said Tom Wilkinson, Chief Executive Officer. By shifting to an outsourced model, we expect to shorten our supply chain and lead time requirements, secure good pricing on
To All Persons Who Purchased Or Acquired Sonim Technologies, Inc ( Sonim ) (NASDAQ: SONM) Common Stock Pursuant Or Traceable To The May 2019 Registration Statement And Prospectus Filed In Connection With Sonim s Initial Public Offering ( IPO ) On Or About May 9, 2019 And Were Damaged Thereby ( Class )
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