Shenzhen China – August 4th, 2020 – Fibocom (Stock Code: 300638), a leading global provider of IoT (Internet of Things) wireless solution and wireless communication modules, today announced that Dan Schieler has been appointed to the position of Chief Executive Officer of Rolling Wireless Technology Co., Limited, a joint venture company invested by Fibocom and other three professional investment institutions.
“Dan is a high-energy, performance- driven executive with proven results in managing teams to their highest levels of execution. His deep experience in managing multi-nation, multi-function teams and sales driving excellence while managing business transformation will be a significant asset for Rolling Wireless,” said Fibocom’s Board Chair Peter Zhang. “The automotive industry is a key IoT market that no serious module vendor can ignore. Fibocom has acquired the automotive embedded module product line from Sierra Wireless through Rolling Wireless as Dan assumes the position of CEO. I believe Dan’s joining will greatly enhance our presence in the global automotive embedded module market.
Mr. Schieler joins Rolling Wireless from Sierra Wireless, where he spent more than 15 years as Senior Vice President of different business units, leading worldwide teams of totally over 1000 people consisting of R&D, Product Management and Sales/Technical support, having managed revenues of totally over a billion dollars, and making key decisions on the evaluation of organic investments in the business as well as growing the business through strategic acquisitions. From 2005 to 2010, he successfully integrated the Sierra Wireless and Wavecom sales and engineering support teams resulting in a more efficient and profitable worldwide organization. Before Joining Rolling Wireless from 2018 to present, Mr. Schieler is the Senior Vice President and GM of Sierra Wireless OEM Automotive.
“I am passionate about Rolling Wireless’s global leadership opportunity and excited to lead our automotive team,” said Mr. Schieler. “Fibocom has been enjoying fast and healthy growth over the past 20 years in the global wireless embedded module market. The investments we will make into the connected vehicle market will enable us to grow exponentially on the existing business we acquired. I look forward to executing on the massive automotive opportunity ahead of us.”
Founded in 1999, Fibocom is a leading global provider of IoT (Internet of Things) wireless solution and wireless communication modules. We are committed to bringing reliable, accessible, secure, and intelligent wireless solutions to every IoT application scenario for the increasingly digitalized industries and enriched smart life of the whole society. In 2017, Fibocom become the first stock-listed (Stock Code: 300638) wireless module provider in China.
We provide technically advanced and high-performance 5G, 4G, NB-IoT/eMTC, 3G, and 2G, smart, auto-grade, GNSS, Wi-Fi/BT wireless modules. By technically embedding Fibocom’s wireless solutions into IoT devices that will become smart and remotely manageable with stable data transmission between devices and operation center, we empower the intelligent future of all industries that mainly include smart retail, ACPC (Always Connected PC), industry 4.0, smart grid, smart homes, smart agriculture, smart cities, telemedicine, metering, smart security surveillance, and the intelligently connected cars, etc. We have many long-term industry customers including Fortune Global 500 enterprises, which is an important driven power of our fast development.
Fibocom is headquartered in Shenzhen, China. We have R&D centers in both Shenzhen and Xi’an, and subsidiaries in the U.S., Germany, India, Taipei and Hong Kong as regional operation centers. We have more than 1000 global employees and provide products and services in more than 100 countries and regions.
About Rolling Wireless
Rolling Wireless Technology Co., Limited is a joint venture company invested by Fibocom and three investment institutions, namely SHENZHEN CAPITAL GROUP CO., LTD., Shenzhen Jianxin Huaxun Equity Fund Management Co., and Shenzhen Qianhai Red Earth M&A Fund Partnership (Limited Partnership). The invested funds will be used for the acquisition of the automotive embedded module assets of Sierra Wireless (NASDAQ: SWIR) (TSX: SW) through Rolling Wireless (H.K) Limited, the subsidiary of Rolling Wireless Technology Co., Limited. After the acquisition, the joint venture company Rolling Wireless (H.K.) Limited will operate the global automotive embedded module business independently.