Ms. Sharlene Myers reports

SIERRA WIRELESS COMPLETES ACQUISITION OF MOBIQUITHINGS

Sierra Wireless Inc. has completed the acquisition of MobiquiThings, a leading European mobile virtual network operator based in France. Details of the acquisition were first announced on June 24, 2015.

MobiquiThings is a mobile virtual network operator (MVNO) focused on managed connectivity services for the Internet of Things, with broad segment experience including the energy, transportation, security, retail and health care markets. It offers a unique technology platform that includes MobiquiSIM, a dynamic attachment service that provides its customers with superior radio access network coverage and industry-leading quality of service (QoS), as well as SIM provisioning and management for 2G, 3G and 4G connectivity. The company has more than 75 customers, which together comprise more than 100,000 wireless connectivity subscriptions.

Sierra Wireless has purchased all of the shares of MobiquiThings for 14 million euros in cash, subject to certain postclosing adjustments, plus a performance-based earn-out formula that extends into 2017.

We seek Safe Harbor.