July 23 (Reuters) - Sierra Wireless Inc SW.TO :
* SIERRA WIRELESS REACHES DEFINITIVE AGREEMENT TO DIVEST AUTOMOTIVE EMBEDDED MODULE PRODUCT LINE FOR US$165 MILLION
* SIERRA WIRELESS INC - DEFINITIVE AGREEMENT TO DIVEST ITS SHENZHEN, CHINA-BASED AUTOMOTIVE EMBEDDED MODULE PRODUCT LINE FOR US$165 MILLION IN CASH.
* SIERRA WIRELESS INC - SIERRA WIRELESS'S 5G MODULES AND GATEWAYS ARE EXPECTED TO BE AVAILABLE IN Q4 2020
* SIERRA WIRELESS INC - EXPECTS THAT ABOUT 150 OF ITS EMPLOYEES WILL BECOME EMPLOYEES OF ROLLING WIRELESS
* SIERRA WIRELESS INC - NO CANADIAN-BASED OR U.S.-BASED EMPLOYEES, OPERATIONS OR ASSETS WILL BE TRANSFERRED AS PART OF THIS DEAL