Market Overview

Smith Micro to Explore Strategic Options for the QuickLink IoT Product Line

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Smith Micro Software, Inc. (NASDAQ:
SMSI
) today announced it is exploring strategic options for its
QuickLink IoT™ product line.

"We continue to sharpen our focus on the market opportunities where we
see the maximum growth opportunities and where Smith Micro can lead the
market, building on the success of our core products — our SafePath®
Connected Life and CommSuite® platforms. We will continue to
invest in new innovations that are central to our go-forward strategy,
while delivering what we believe is the best value possible for our
shareholders," said William W. Smith, Jr., President and CEO of Smith
Micro Software.

"Our QuickLink IoT platform and technology suite has significant value
that addresses the enormous IoT and mobile device ecosystem. Our
solutions bring the end-to-end security, robustness, scalability and
on-device intelligence that are critical to activating the true value of
IoT for connected businesses, smart cities, industrial IoT applications
and smart home and consumer applications," concluded Mr. Smith.

The QuickLink IoT Product Line offers:

  • A Device Management client for Smartphones that implements the Open
    Mobile Alliance OMA-DM stack
  • A Device Management client for IoT devices that supports the OMA LwM2M
    standards.
  • Firmware Over the Air (FOTA) technology for IoT devices
  • A cloud enabled Device Management Platform supporting both OMA-DM and
    LwM2M
  • A strong US Patent Portfolio

Palmares Advisors is serving as Smith Micro's financial advisor in the
evaluation process. In order to learn more about the QuickLink IoT
platform and to discuss strategic options, please contact Woody Hobbs,
Managing Director at woodyhobbs@palmaresadvisors.com.

About Smith Micro Software, Inc.:

Smith Micro develops software to simplify and enhance the mobile
experience, providing solutions to some of the leading wireless service
providers, device manufacturers, and enterprise businesses around the
world. From optimizing wireless networks to uncovering customer
experience insights, and from streamlining Wi-Fi access to ensuring
family safety, our solutions enrich today's connected lifestyles while
creating new opportunities to engage consumers via smartphones. Our
portfolio also includes a wide range of products for creating, sharing
and monetizing rich content, such as visual messaging and 2D/3D graphics
applications. For more information, visit smithmicro.com

Forward-Looking Statements:

Certain statements in this press release are forward-looking
statements regarding future events or results including statements
regarding our future plans and expectations for certain of our product
lines and other statements using such words as "expect," "anticipate,"
"believe," "plan," "intend," "could," and other similar expressions.
Forward-looking
statements involve risks and uncertainties, which could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements.
Among the important factors that
could cause or contribute to such differences are our ability to
continue as a going concern, our ability to raise more funds to meet our
capital needs, changes in demand for our products from our customers and
their end-users, customer concentration, given that the majority of our
sales depend on a few large customer relationships, new and changing
technologies, customer acceptance and timing of deployment of those
technologies, and our ability to compete effectively with other software
and technology companies. These and other factors discussed in our
filings with the Securities and Exchange Commission, including our
filings on Forms 10-K and 10-Q, could cause actual results to differ
materially from those expressed or implied in any forward-looking
statements. The forward-looking statements contained in this release are
made on the basis of the views and assumptions of management, and we do
not undertake any obligation to update these statements to reflect
events or circumstances occurring after the date of this release.

Smith Micro, QuickLink IoT and the Smith Micro logo are registered
trademarks or trademarks of Smith Micro Software, Inc. All other
trademarks and product names are the property of their respective owners.

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