Sierra and Peugeot team up

Article Excerpt

SIERRA WIRELESS $34.10 (Toronto symbol SW; TSINetwork Rating: Extra Risk) (604- 231-1100; www.sierrawireless.com; Shares outstanding: 32.1 million; Market cap: $1.1 billion; No dividends paid) has entered into a new partnership with France’s PSA Peugeot Citroën. The carmaker has been a Sierra client since 2001 and has connected more than 1.6 million of its vehicles with the company’s emergency notification system modules. Now the automaker will use Sierra’s Air- Vantage device-to-cloud technology to add other connected services. The companies didn’t provide specifics, but these new functions could include apps that sync with smartphones and display information about a car’s performance and mileage. Sierra Wireless is a buy. buy…