Sonim Offers Business Operations Update
Friday, March 20, 2020 | Comments

Rugged device maker Sonim Technologies provided an update on business operations, saying manufacturing is back to full operations and it has capital to fund its current operations.

"After having to shut down our manufacturing operations due to the COVID-19 disruptions in Asia early this year, Sonim is now back to full operations," said Tom Wilkinson, CEO. "The COVID-19 situation is far from over, and we continue to closely monitor developments around this global event. We are continuing to take orders from our carrier partners, ship inventory to fulfill these orders and manufacture new inventory units at our facilities in Asia. Our operations team is in regular contact with our global supply chain partners, and, at this time, we do not see any constraints on our ability to deliver products in fulfillment of our customers' orders.

"The public-safety market has always been a key customer segment for Sonim, and the current environment is leading to renewed emphasis on the rugged performance standards we build into our products. In particular, the chemical resistance and waterproof architecture of our devices allows them to be aggressively cleaned and disinfected, a key feature for the first responders and healthcare workers at the front lines of COVID-19. The work-from-home initiative that companies around the globe are moving to is also driving interest as companies look for ways to equip workers with the dependable devices that can make them effective wherever they are, especially in the field."

Sonim also said that it has adequate liquidity and capital on-hand to fund its current operating needs and meet continued customer demand. The company has taken steps to improve working capital efficiency in the new year through improved management of inventory levels as well as other measures.

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