SOURCE: DataWind, Inc.

DataWind, Inc.

August 04, 2015 08:00 ET

DataWind Initiates Shipments of Internet-Enabled Tablets From New Indian Assembly Facility

Final Assembly in India Reduces Import Duties and Improves Gross Margins, as Unit Sales of Breakthrough Internet Technology Continue to Climb

MISSISSAUGA, ON--(Marketwired - Aug 4, 2015) - DataWind Inc. (TSX: DW), a leader in the delivery of internet access in emerging markets, has shipped the first 80,000 Internet-enabled tablets from its new final assembly plant in India that opened in July.

Located in Amritsar, a city in the northwest state of Punjab, DataWind's new assembly plant has the capacity to meet all of DataWind's production needs for the next several years.

Relocating final assembly from China to India is expected to reduce import duties that have been as high as 13%. To ensure continuity, the company's existing Chinese subcontractor will continue to oversee the plant operations as well as provide the warranty on all products assembled at the plant.

"Reducing import duties helps expand our gross margins and puts us on a faster track to profitability," commented DataWind's president and CEO, Suneet Singh Tuli. "The economics of this move to India are also supported by the growing demand for our products -- all of which come bundled with one year of pre-paid Internet access from both India and other countries around the world."

DataWind's patented technology allows for the wireless delivery of a basic internet experience across existing network infrastructure at a fraction of the typical cost and bandwidth.

The company's Internet-enabled smartphones and tablets are priced to be affordable by the millions of people in emerging markets who do not have Internet access.

About DataWind
DataWind is a leader in low-cost Internet connectivity for emerging markets. DataWind's mission is to bring the Internet, which has the ability to create tremendous social and economic benefits, to billions of unconnected people in the developing world. The Company's Internet Delivery Platform offers a low-cost Internet browsing solution by bundling an affordable tablet device with an inexpensive, pre-paid Internet service plan. DataWind is traded on the Toronto Stock Exchange (DW.TO). For more information visit www.datawind.com.

Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information includes information with respect to our goals, beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking information is identified by the use of terms and phrases such as "may," "would," "should," "could," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe," and "continue," or the negative of these terms and similar terminology, including references to assumptions. Please note, however, that not all forward-looking information contains these terms and phrases. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond our control. These risks and uncertainties could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors identified in the Company's prospectus dated June 27, 2014, which is available on the SEDAR website at www.sedar.com. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and we do not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

No securities regulatory authority has either approved or disapproved the contents of this press release/media advisory.

Contact Information

  • Company Contact:
    Dan Hilton
    Chief Financial Officer
    DataWind Inc.
    +1(613) 277-3266
    Email Contact

    Investor Relations:
    Michael Koehler
    Liolios Group, Inc.
    +1(949) 574-3860
    Email Contact