Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 335

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 335
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 low-tier professional rugged phones, all boasting IP ratings, MIL-STD-810H standards, and elements of Sonim’s Rugged Performance Standards (“RPS”), highlighting the Company’s value proposition to target markets.

During the second half of 2024 and through the filing
date of this report, the Company launched the following products:

| ● | Sonim H500-series of 5G mobile hotspots available through Verizon, UScellular, and Bell in North America;                                            |
| ● | Sonim H700, the world’s first 5G Release 17 and Wi-Fi 7 rugged mobile hotspot, available through Telstra in Australia;                               |
| ● | Sonim H100 4G mobile hotspot available through Telia Finland and distribution partners in Europe;                                                    |
| ● | XP100 4G and XP400 5G professional rugged phones available through Deutsche Telekom in Germany and distribution partners in Europe and South Africa; |
| ● | XP Pro 5G rugged smartphone available through Verizon in the United States; and                                                                      |
| ● | XP3plus 5G rugged flip phone available through T-Mobile and certified for T-Priority.                                                                |

Additionally, the XP10 is now available through the
Company’s distribution partners in EMEA and Australia. Most of these products are supported by the SonimWare platform and enterprise
services. In the first quarter of 2025, the XP Pro 5G and H500 5G each received Verizon Frontline certification. In the first quarter
of 2025 we also announced the upcoming launch and availability of the XP Pro Thermal 5G smartphone for Europe which includes an SDK-enabled
Sonim IRIS software for custom application development and an integrated thermal camera by FLIR® that benefits a number of vertical
trades such as electricians, plumbers, public safety, construction, agriculture, amongst others.

A significant revenue driver in 2023 was a tablet developed under Sonim’s original design manufacturer (“ODM”) model, emphasizing high-volume and low-margin production tailored to a specific customer’s needs. Tablet sales concluded in the fourth quarter of 2023 due to its life cycle end. The ODM model was also applied late in the fourth quarter of 2023 for a range of low-priced smartphones with sales ending in the first quarter of 2024. The ODM model does not represent the Company’s core business strategy.

Liquidity and Ability to Continue as a Going Concern—The Company’s consolidated financial statements account for