SOURCE: DataWind, Inc.

DataWind, Inc.

May 26, 2016 09:00 ET

DataWind Maintains Market Leadership Position Selling 34% of All Tablets in India in Q1 2016

Company Dominates Sub Rs. 5,000 Market Selling 74% of All Tablets

MISSISSAUGA, ON--(Marketwired - May 26, 2016) - DataWind Inc. (TSX: DW), the leader in delivering Internet access to emerging markets, sold 34.2% of all tablets in India during the first quarter of 2016, well ahead of second-place Samsung, which sold 20.9% of all tablets, according to a recent CMR report. IDC's recent study of the Indian tablet market also confirmed DataWind's leadership position, with a commanding lead over Samsung in second place followed by Lenovo in third place. Both CMR and IDC for the second quarter in a row confirmed DataWind's number one ranking.

The CMR study also shows that DataWind holds a remarkable 74.4% market share in the sub Rs. 5,000 tablet segment (approximately $75), which is the largest and fastest growing segment of the market having increased to 46% of the overall tablet market in India.

Mr. Suneet Singh Tuli, President and CEO of DataWind, said: "We delivered a record quantity of tablets in the quarter due to the continued overwhelming demand from our customers. Our low-cost devices which come bundled with one year of free web access remain one of the only ways for many in India to access the internet.

"DataWind firmly believes that the digital divide can be addressed through technology intervention, at an affordable price point and we are focused on driving the cost downward to a level where access to technology becomes 'universally affordable' and democratization of technology finds its true meaning."

DataWind's products break the affordability barrier and deliver Internet access across traditional mobile networks as DataWind executes its vision to empower the next three billion Internet users. The company's success to date reinforces the fact that DataWind is the only tablet provider in India focused on providing affordable devices with Internet access. All DataWind devices come bundled with one year of free unlimited web access, and feature the most affordable plans available due to the company's unique, patented technology that reduces up to 97% the amount of data needed for web browsing.

About DataWind
DataWind, Inc. is a leader in providing affordable mobile Internet connectivity in emerging markets. The company's patented, cloud-based technology reduces up to 97% the amount of data needed for web browsing, providing a broadband experience on any network -- even on legacy 2G networks that are still prevalent in developing countries. DataWind also provides economical smartphones and tablets that come bundled with one year of unlimited web access, making it the largest tablet provider in India. DataWind's unique solution offers broad social and economic benefits for the billions of people around the world for whom an Internet connection was previously out of reach. DataWind is traded on the Toronto Stock Exchange (TSX: DW). 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