Notice to the Market – Acquisition of Interest in Cubic Telecom Limited
NOTICE TO THE MARKET
Acquisition of Interest in Cubic Telecom Limited
Rio de Janeiro, August 21, 2017 – Valid Soluções e Serviços de Segurança em Meios de Pagamento e Identificação S.A. (“Company”) (BM&FBOVESPA: VLID3 ON), hereby informs its shareholders and the market in general that after compliance with preceding conditions, its subsidiary Valid Soluciones Tecnologicas S.A.U. (Valid Spain) concluded today the acquisition of 5.39 % of the shares of Cubic Telecom Limited for €10 million.
Cubic is an Irish company focused on the development of M2M connectivity management platforms whose main component is the eUICC technology (embedded SIM or eSIM), which is considered the evolution of the SIM card. Its main customers operate in the automotive, technology and retail sectors. The company was founded in 2009 by Barry Napier, current CEO and major shareholder. Cubic is an innovative company, fully focused on customers and capable of developing customized applications and services for the IoT universe.
The Automotive sector is one of the segments that has advanced the most in terms of analyzing the benefits of the IoT through eSIM. In this sense, we are reinforcing our strategy in this market by strengthening our relationship with Cubic, in which we are the main partner providing eSIM and the remote customization platform of its customers’ subscriptions.
We focused our strategy on being prepared for the transition from the traditional Simcard to eUICC Sim (embedded Sim), in order to provide the product, the operating system and the customization platform (Subscription Manager). This transition will enable us to participate more actively in the “connected life age”, where the IoT is increasingly growing in the world and should reach a market of hundreds of thousands of eSims in the different business verticals in 2022.
For more information, contact the Investor Relations Department by phone (21) 2195-7257/7297 or e-mail firstname.lastname@example.org.
Click here for the Notice to the Market.