The Company delivers Internet of Things (IoT) and Cloud SaaS services to carriers, distributors, retailers, OEMs and vertical markets worldwide. (Nasdaq:MIFI) is a leader in the design and development of M2M wireless solutions based on 3G and 4G technologies. Alex has attracted some world class leaders and continues to demonstrate that he can execute on his strategy,' said Philip Falcone, CEO of HC2 Holdings, one of the Company's largest shareholders. We strongly support the initiatives and changes he created as well as his motivational leadership. 'We invested in Novatel Wireless after hearing the vision and strategy described by Alex. We are focused on leveraging our MiFiВ® technology and our expansive supplier and partner relationships to provide cutting-edge solutions that answer the needs of our worldwide customers.' 'I am inspired by the Company's future potential to build upon our creativity, culture and technology to forge a leading position in the rapidly growing IoT marketplace. 'I am honored to be provided with the opportunity to continue to work with the very talented team at Novatel Wireless,' said Alex Mashinsky, CEO of Novatel Wireless. 'We are delighted that Alex will continue to lead the Company as we execute on our strategy and scale the business.' 'Alex has demonstrated strong leadership and sound judgment over the past few months, guiding Novatel Wireless to leverage its assets and refine its competitive positioning,' said Sue Swenson, Chairman of the Board of Directors of Novatel Wireless.

Mashinsky has served as interim CEO since June 13, 2014. (Nasdaq:MIFI), a leading provider of solutions for the Internet of Things (IoT) and inventors of MiFiВ® technology, today announced that Alex Mashinsky has been appointed permanent Chief Executive Officer of the Company. 6, 2014 (GLOBE NEWSWIRE) - Novatel Wireless, Inc.

Alex mashinsky