MISSISSAUGA, ON–(Marketwired – May 19, 2016) – DataWind, Inc. (TSX: DW), the leader in delivering Internet access to emerging markets, reported that it sold more than 300,000 units for the three months ending March 31, 2016, which will be a record for the company.

Unit sales in the fiscal fourth quarter of 2016 increased from 251,000 units from the prior quarter and 184,000 units from the same year-ago quarter. The increases were driven by higher sales of DataWind’s new lower-priced smartphone products.

“Demand remains strong for our low-cost tablets and smartphones equipped with affordable Internet access,” said Suneet Singh Tuli, president and CEO of DataWind. “As our record results reflect, we are seeing tremendous interest in our products from both home-shopping network channels and physical retail distribution partners.

“A key driver of the significant improvement in units sold was our strategic decision to expand our sales and marketing activities for our most affordable products, and, as such, expect to see a slight increase in related expenses reflected in our fourth quarter financial results. These efforts, coupled with the sale of lower priced units, allowed us to penetrate further into the Indian market, resulting in our record number of units sold for the quarter and consistent top line growth. Along those lines, we look forward to providing a more comprehensive update on our business and outlook when we report our fiscal year-end results next month.

“Looking ahead, we are confident our increasing sales momentum will lead to the expansion of our carrier relationships and product distribution, enabling us to rapidly accelerate our mission of providing low-cost Internet solutions to millions of people around the world.”

DataWind plans to report its complete fiscal fourth quarter and full year 2016 financial results toward the end of June.

About DataWind
DataWind, Inc. is a leader in providing affordable mobile Internet connectivity in emerging markets. The company’s patented, cloud-based technology reduces up to 97% the amount of data needed for web browsing, providing a broadband experience on any network — even on legacy 2G networks that are still prevalent in developing countries. DataWind also provides economical smartphones and tablets that come bundled with one year of unlimited Internet access, making it the largest tablet provider in India. DataWind’s unique solution offers broad social and economic benefits for the billions of people around the world for whom an Internet connection was previously out of reach. DataWind is traded on the Toronto Stock Exchange (TSX: DW). For more information visit www.datawind.com.

Forward-Looking Information
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