Overview

January 28, 2011

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TITLE

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Safe Harbor Statement

The following presentation contains statements about expected

future events that are forward-looking and subject to risks and

uncertainties. For these statements, we claim the safe harbor for

“forward-looking statements” within the meaning of the Private

Securities Litigation Reform Act of 1995. For a discussion of factors

that could cause actual results to differ materially from expectations,

please refer to the risk factors described in our filings with the SEC.

Novatel Wireless, Inc. – Proprietary and Confidential 2

First to

Introduce

Intelligent

Mobile Hotspot

First to

Introduce USB

in No America

• Leader and innovator in mobile broadband solutions

• 3G-4G platforms: CDMA, HSPA/HSPA+, WiMax, LTE

• Leading Smart M2M solutions for verticals with Enfora

• High-growth market segments such as transportation, industrial automation, security and healthcare

• Strong patent portfolio: 36 issued and 64 U.S. and international patent applications pending

• Headquartered in San Diego, CA with offices in Texas (Enfora), Canada, U.K., and China - approximately 500 employees worldwide

First Data

Calls on Dual

Carrier HSPA+

& LTE

Leader in Intelligent

Wireless Connectivity Solutions

Novatel Wireless, Inc. – Proprietary and Confidential 3

Global Markets:

• Enterprise

• Consumer

• SME & SOHO

• Vertical Markets

Global Markets, Global Reach

Novatel Wireless, Inc. – Proprietary and Confidential 4

$8,183

$9,975

$12,941

$15,576

$18,053

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

2010 2011 2012 2013 2014

CAGR - 22%

($ Millions)

High Growth Markets

Cellular and Mobile Broadband

Cellular M2M Connection Revenue

World Market Forecast: 2010 – 2014

$286

$324

$397

$496

$628

0

100

200

300

400

500

600

$700

2010 2011 2012 2013 2014

(US$ millions)

CAGR: 22%

Source: ABI Research, Q3 2010. Source: ABI Research, Q1 2010.

Cellular and Mobile Broadband PC

Modem Market Forecast: 2010 – 2014

Novatel Wireless, Inc. – Proprietary and Confidential 5

Leading with Innovation in 3G-4G

EVDO

1X

2.4 Mbps

HSDPA/

HSUPA

5.76 Mbps

HSPA+/

Dual

Carrier

28-42 Mbps

EVDO

Rev A

3.1 Mbps

LTE

HSPA

50-100 Mbps

LTE

EVDO

Rev A

50-100 Mbps

WiMax

10-20 Mbps

* WCDMA GPRS/GSM

384 Kbps

Developmental Timeline

2004-06 2006-08 2008-10 2010-12

* Backwards compatible to G/G/E Technology

Novatel Wireless, Inc. – Proprietary and Confidential 6

Intelligent Broadband Solutions

Gateway and

Provisioning

Embedded Platforms

for Machines Intelligent Platforms

Smart M2M Solutions

Comprehensive Solutions Portfolio

Embedded Platforms

for Mobile Computing

External Connectivity

Products

MiFi Intelligent

Platforms Mobile Broadband

Apps

Novatel Wireless, Inc. – Proprietary and Confidential

7

8

Enfora Division

Management Team

Visionary leadership with decades of cumulative experience

Novatel Wireless, Inc. – Proprietary and Confidential

Smart M2M Solutions

Connected Anywhere, Anytime Enterprise

Customizable ● Reliable ● Scalable ● Secure

Communications &

Management Platform

Ease of Integration,

Time to Market

Intelligent Edge Devices

Gathers Real Time

Information

Integrated Intelligence

Customizable Environment,

Provides the Intelligence

Communications & Management Software

Novatel Wireless, Inc. – Proprietary and Confidential 9

10

Transportation

Fleet Management

Buy Here/Pay Here

OEM (Telematics)

Tolls/Traffic Mgmt

Containers

Telehealth/ Medical

Patient Monitoring

In Vivo/Home

Security

Asset

Alarm

Surveillance

Industrial Automation

AMR/AMI/ Energy

Electric/Oil/Gas

Transmission & Distribution

Industrial Control

Key M2M Vertical Markets

Connected Home

Security

Connectivity

Sensors

Asset Management & Control

Novatel Wireless, Inc. – Proprietary and Confidential

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Our Smart M2M Business

• Collecting and delivering information about an asset – “Send data, not people”

• Assets are mobile, critical, diverse, vast, located in varied geographies and

conditions

WIRELESS INTERNET Middleware

Provisioning

Multiple Networks Multiple Machines Multiple Types of Data

Novatel Wireless, Inc. – Proprietary and Confidential

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Wireless Asset Management Ecosystem

Architecture

Application Services

Platform Transport

Intelligent Embedded

Platform

Terminal Device

Smart API Sensor

Sensor

Sm

art A

PI/C

lient M

W

Novatel Wireless, Inc. – Proprietary and Confidential

Comprehensive Smart M2M Portfolio

2G/3G/4G GSM and CDMA Technologies

• Overview

Award winning technology - providing

information on asset location, motion

and utilization. Possessing superior

GPS sensitivity, wireless connection

reliability, and a simplified Over-the-Air

Configuration.

• Embedded Modules

The GSM/GPRS/EDGE/HSPA+/LTE,

cdmaOne/CDMA2000 1X/1xEV-DO rev

A., GPS, Low Power platforms deliver

small size and industry leading high-

performance driving the essential

capabilities, mobile connectivity and

device intelligence needed for today’s

demanding design-in and OEM

markets.

• Integrated Platforms

The N4A intelligent mobile tracking

devices feature superior performance in

a small package for ultimate flexibility.

Connected

Home

Security

Rail

Tele Health

Industrial

Automation

Enabler

III

Enabler III

SAG +

Spider AT

Enabler III

SAG+

Transportation

& Automotive

Spider MT

Enabler

Spider AT

All Products Carriers ASP &

Operators

Logistic

s

CMS

Software

Novatel Wireless, Inc. – Proprietary and Confidential 13

14

Embedded Modules

Expedite® Mini Cards

• PCIe form factor and Ultra-thin form factor

• More flexible ID

• NovaSpeed Enabled

Target Markets

Tablets

Laptops

UMPC

Netbooks

MID

E-Book Reader

Portable Entertainment Devices

Novatel Wireless MiFi®

Intelligent Mobile Hotspot

Novatel Wireless, Inc. – Proprietary and Confidential

Gaming Consoles

WiFi

Enabled

Digital

Frames

Universal

Computers

Cameras

Books

Video/MID Devices

Music Players

• MiFi OS™ platform with

software and application

support

• Best user experience:

• Provides a cloud of

connectivity

• Dedicated data device

with best-in-class KPIs

• Simple set up, one

touch connection

• Bringing 3G/4G broadband

capability and applications

instantly to more than 480

million WiFi-enabled devices

• Global, iconic brand

• Defining industry category

• Patents issued

15

Wireless Broadband

Network Wi-Fi 3G/4G WAN

MiFi

Intelligent Mobile

Hotspot

Internet

• MiFi OS™

• MiFi Applications

• MiFi Home™

Vertical Services

Enterprise Services

Consumer Services

MiFi Connect™ (Developers and Trusted Partners)

MiFi Server

The MiFi® Ecosystem

Novatel Wireless, Inc. – Proprietary and Confidential 16

17 Novatel Wireless, Inc. – Proprietary and Confidential

Thank you!