PLAINFIELD, Ind., Aug. 7, 2008 (PRIME NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) announced today that its subsidiary, Brightpoint North America L.P. ("Brightpoint"), has entered into a distribution agreement with CradlePoint, Inc. ("CradlePoint"). Pursuant to this agreement, Brightpoint will provide CradlePoint with distribution services for CradlePoint mobile broadband products and accessories to be distributed in the U.S. market.
About CradlePoint
CradlePoint engineers and manufactures docking cradles, cellular routers, and software platforms that facilitate secure mobile computing in the Web 2.0 world. From docking cradles for use with handheld terminals to sophisticated mobile enterprise routers, the company leverages telephony, Ethernet, and mobile broadband to make Internet access portable, simple, and robust. CradlePoint's unique WiPipe(tm) technology provides access and traffic management to improve the security and quality of the online mobile experience and to support new revenue streams for network providers. CradlePoint is a privately held company with headquarters in Boise, Idaho.
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2007, Brightpoint handled approximately 83 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, e-Business solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 3,000 employees in more than 25 countries. In 2007 Brightpoint generated revenue of $4.3 billion and net income of $47.4 million. Brightpoint provides distribution and customized services to over 25,000 B2B customers worldwide. Additional information about Brightpoint can be found on its website at www.brightpoint.com, or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).
Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint. These statements are only predictions and actual events or results may differ materially. Please refer to the documents Brightpoint files, from time to time, with the Securities and Exchange Commission; including, Brightpoint's most recent Forms 10-K, 10-Q, 8-K and Exhibit 99.1, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.