EQS-News : u-blox AG: u-blox Capital Markets' Day

 
 EQS Group-News: u-blox AG / Key word(s): Conference 
u-blox AG: u-blox Capital Markets' Day 
 
2020-11-25 / 07:00 
 
*Press release* 
 
*u-blox Capital Markets' Day* 
 
*- Reports increased business activity led by APAC region and automotive 
sector * 
 
*- No paradigm shift expected on long-term strategy and growth drivers; 
however near-term outlook impacted by uncertainty from Covid-19* 
 
*Thalwil, Switzerland - 25 November 2020 -* u-blox (SIX:UBXN,OTC:UBLXF), a 
global leader in wireless and positioning technologies, today is hosting its 
annual Capital Markets' Day for analysts and investors. As part of its 
business update, u-blox reports that it is observing increased activity 
across the company's segments and industries following the downturn 
experienced during the second and third quarters of 2020 due to the 
difficult Covid-19 environment. u-blox' business activities have rebounded 
most strongly in APAC where economies reopened earlier compared to other 
regions. The company also reports that the automotive sector, which was 
severely impacted by global production and business shutdowns, has exhibited 
resurgent activity and is a key driver leading the recent rebound of the 
company's performance. Monthly bookings of purchase orders have increased 
strongly each sequential month since May. 
 
While recent developments are positive, there is still considerable 
uncertainty heading into 2021 given the mounting risks from the second wave 
of Covid-19 infections and ensuing lockdown situations worldwide. The 
company is focused on ensuring that it remains in a strong financial 
position and has instituted cost saving and efficiency measures totaling CHF 
15 million annualized. R&D priorities and expenditures are being scrutinized 
in order to balance u-blox's technology leadership and innovation with free 
cash flow objectives. 
 
Despite the present challenges posed by Covid-19, the company sees no 
paradigm shifts on the key megatrends driving the long-term strategy and 
growth perspectives and continues to focus on creating the next generation 
of wireless connectivity technology. 
 
On the product side, in early November u-blox launched u-blox M10 [1], its 
latest highly integrated GNSS (global navigation satellite system) platform 
which was fully designed in-house. With M10, u-blox sets a new benchmark in 
ultra-low power high performance positioning applications. The M10 is 
tailored to the needs of wearable and industrial applications, providing 
ultra-low power positioning performance without sacrificing accuracy and 
availability. It is ideal for a wide range of small battery-powered 
applications, including consumer sports watches and asset trackers for 
varied items such as shipping containers or livestock management. The 
enhanced capability of u-blox M10 is expected to fuel numerous innovative 
applications. 
 
*Outlook - Full Year 2020* 
u-blox previously withdrew its full-year 2020 guidance at its half-year 2020 
reporting date due to lack of visibility. At this time, due to UK Takeover 
Code rules and the recent announcement of a possible offer for Telit 
Communications plc, we are currently unable to provide guidance for full 
year 2020. The company expects to be able to provide earnings guidance in 
the near future and will provide an update in due course. 
 
*Today's Capital Markets' Day Webcast will take place at 16.00 CET* 
u-blox is hosting today its Capital Markets' Day event for analysts and 
investors. Management will conduct a series of formal presentations, 
followed by a question and answer session. The slide presentation and 
webcast will be accessible via the Investors section of the company's 
website at https://www.u-blox.com/en/reporting-center#tab-presentations 
 
*Webcast details* 
Pre-registration link: https://ccwebcast.eu/links/ublox201125/indexl.html 
[2] 
 
*Conference Call* 
Participants may call the following numbers, 10-15 minutes before the 
conference call: 
 
Switzerland / Europe: [phone] 
United Kingdom: [phone] 
United States: [phone] 
 
*About u-blox* 
u-blox (SIX:UBXN) is a global technology leader in positioning and wireless 
communication in automotive, industrial, and consumer markets. Their smart 
and reliable solutions, services and products let people, vehicles, and 
machines determine their precise position and communicate wirelessly over 
cellular and short range networks. With a broad portfolio of chips, modules, 
and secure data services and connectivity, u-blox is uniquely positioned to 
empower its customers to develop innovative and reliable solutions for the 
Internet of Things, quickly and cost-effectively. With headquarters in 
Thalwil, Switzerland, the company is globally present with offices in 
Europe, Asia, and the USA. (www.u-blox.com [3]) 
Find us on Facebook [4], LinkedIn [5], Twitter @ublox [6] and YouTube [7] 
 
*u-blox investor releations contacts:* 
 
*Switzerland and Europe:* 
Doris Rudischhauser, c/o Dynamics Group AG 
Phone: [phone] 
E-mail: [e-mail] 
 
*US:* 
Jeehae Linford, c/o The Equity Group Inc. 
Phone: [phone] 
E-mail: [e-mail] 
 
*u-blox AG* 
Zürcherstrasse 68 
8800 Thalwil 
Switzerland 
Phone [phone] 
Fax [phone] 
[e-mail] 
www.u-blox.com [8] 
 
*Disclaimer* 
This release contains certain forward-looking statements. Such 
forward-looking statements reflect the current views of management and are 
subject to known and unknown risks, uncertainties and other factors that may 
cause actual results, performance or achievements of the u-blox Group to 
differ materially from those expressed or implied. These include risks 
related to the success of and demand for the Group's products, the potential 
for the Group's products to become obsolete, the Group's ability to defend 
its intellectual property, the Group's ability to develop and commercialize 
new products in a timely manner, the dynamic and competitive environment in 
which the Group operates, the regulatory environment, changes in currency 
exchange rates, the Group's ability to generate revenues and profitability, 
and the Group's ability to realize its expansion projects in a timely 
manner. Should one or more of these risks or uncertainties materialize, or 
should underlying assumptions prove incorrect, actual results may vary 
materially from those described in this report. u-blox is providing the 
information in this release as of this date and does not undertake any 
obligation to update any forward-looking statements contained in it as a 
result of new information, future events or otherwise. 
 
This press release is published in German and English. Should the German 
translation differ from the English original, the English version is 
binding. 
 
End of Media Release 
Language:    English 
Company:     u-blox AG 
             Zürcherstrasse 68 
             8800 Thalwil 
             Switzerland 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.u-blox.com 
ISIN:        CH0033361673 
Listed:      SIX Swiss Exchange 
EQS News ID: 1150339 
 
End of News EQS Group News Service 
 
1150339 2020-11-25 
 
 
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(END) Dow Jones Newswires

November 25, 2020 01:00 ET (06:00 GMT)