u-blox and SIM Technology Group Ltd. will not proceed with the sale, respectively acquisition, of SIMCom cellular module product line. The parties said they could not close the deal as originally intended and were unable to find alternatives that worked for both whilst sustaining the intended benefits. Both Parties have therefore decided to amicably terminate the Asset Purchase Agreement and Technology Assignment Contract with all ancillary agreements. As a result of this situation, u-blox has revised its guidance figures for 2017 back to levels as provided on 11 January 2017 and foresees for fiscal 2017 continued growth in all regions expecting revenues of between CHF 410 million and CHF 425 million, with EBIT in the range of CHF 60 million to CHF 65 million.