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Polaris Wireless Announces Record Revenue and Profitability in 2012MOUNTAIN VIEW, Calif. --(Business Wire)-- Polaris Wireless, the global leader in high-accuracy, software-based wireless location solutions, today announced it achieved a significant, record increase in revenue and profitability in 2012, where revenue grew 79 percent year-over-year, and profitability (as measured by EBITDA) increased six-fold. These results reflect sustained returns on new sales bookings starting in 2011, and are driven by aggressive growth for Polaris Wireless location solutions across the globe. Twenty-four U.S. wireless carriers, six managed services partners, and fifteen international deployments now rely on Polaris Wireless location solutions to enable emergency call applications, lawful and mass location surveillance, and other location-based services. "In 2012 Polaris Wireless continued its upward trajectory as it solidified its position as the foremost provider of high-accuracy wireless location solutions for mission critical applications," said Manlio Allegra, president, CEO and co-founder of Polaris Wireless. "We have been recognized by law enforcement and other government agencies, as well as by business media and industry analysts, as the leader in our field, a role we intend to continue to occupy in 2013 and beyond." Polaris Wireless achieved several significant milestones in 2012, including:
About Polaris Wireless Headquartered in Mountain View, Calif., Polaris Wireless is the global leader in providing high- accuracy, software-based wireless location solutions to wireless operators, law enforcement/ government agencies and location-based application companies. Since 2003, Polaris Wireless has successfully completed 39 global deployments - 15 for lawful location surveillance and LBS in Asia and EMEA, and 24 to meet FCC E911 Phase II requirements in the US. The company has offices in Dubai, U.A.E., Bangalore, India, Tokyo, Japan, and Santiago, Chile. Polaris Wireless is the recipient of the prestigious Frost & Sullivan (News - Alert) "2011 Enabling Technology of the Year" award and was named to the 2012 Inc. 5000 list of fastest-growing private companies, recognizing the company's accomplishments and leadership in developing location solutions. The company participates in location committees and other groups within the 3GPP and OMA standards setting bodies, and also participates in regulatory and industry bodies related to E911, lawful location surveillance, and location-based services. Polaris Wireless is located at 301 North Whisman Road, Mountain View, CA (News - Alert) 94043 USA. For more information about Polaris Wireless, please visit http://www.polariswireless.com.
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