Our wireless M2M strategy remains unchanged. We target specific markets and take a selective approach to the investments that we make. We service our M2M customers either directly or through working with our coat-tail partners.
We are working to secure agreements with 6 of the top 20 telecommunications carriers in M2M, while building partnerships with smaller country specific carriers globally. We partner with large, established M2M players through our coat-tails strategy and actively pursue selected M2M verticals in: mHealth, building automation, digital displays, energy management and Light Industrial.
We target specific vertical sectors that present the greatest opportunity and avoid crowded markets. Our focus is on high volume opportunities where customers require a customised device.
We are actively pursuing M2M design wins and contracts globally with a focus on the USA, Europe/UK, the Middle East, Japan and Asia as well as Australia and New Zealand.