INSG Inseego Corp

Inseego Achieves Multigigabit Per Second Speed and Millisecond Latency in Live 5G NR Mobile Network Field Trials

(Nasdaq: INSG), a pioneer in 5G and intelligent IoT device-to-cloud solutions, announced today that its 5G NR mobile network devices have surpassed all performance objectives in a live network 5G NR millimeter wave (mmW) field trial with Verizon. Extensive end-to-end network trials conducted over the last several weeks demonstrated readiness for commercial rollout.

“Inseego is focused on first-to-market with real world 5G NR mobile and fixed network products,” said Inseego Chairman and CEO, Dan Mondor. “Our 5G NR mobile broadband portfolio is designed to provide a myriad of applications for consumers and businesses. Our pioneering work on 5G with key customers and partners is showing tremendous results with multigigabit speeds and ultra-low latency. We are delivering on our promise to make 5G real, which benefits global society and industry.”

5G technology ushers in a wave of new use cases that were impossible to bring to life with technology from prior generations. Mobile services, broadband in the home, virtual reality, and autonomous driving all require 5G-compatible devices that provide the critical functionality to power these use cases and a myriad of others. The test results for Inseego’s 5G NR millimeter wave mobile device uniquely show outstanding performance in testing environments that consistently achieve over 2 Gbps of speed and sub-10 milliseconds of latency in multiple component carrier aggregation (CA) scenarios. Multiple CA delivers an efficient use of spectrum, leveraging underutilized spectrum and combining fragmented slices of spectrum into larger, more useful blocks. The aggregation of these different combinations allows for significantly higher throughput, which delivers increased data rates and improved network performance. Inseego’s 5G NR test results exceeded performance benchmarks for use cases across ultimate broadband, massive Internet of Things (IoT) and many others with mission critical performance requirements.

“These results further validate Inseego’s leadership with best-in-class performance on 5G NR device solutions,” said Ashish Sharma, EVP of IoT & Mobile Solutions at Inseego. “We are very excited about the features of 5G NR technology and look forward to enabling many exciting use cases that will be of great benefit to consumers and enterprises.”

To learn more about how Inseego is #Making5GReal, visit , follow the Qualcomm #SnapdragonSummit event details from Maui December 4-5th, or to schedule a briefing with an Inseego executive, please email .

About Inseego Corp.

Inseego Corp. (Nasdaq: INSG) is an industry pioneer that enables high performance mobile applications for large enterprise verticals, service providers and small-medium businesses around the globe. Our product portfolio consists of Enterprise SaaS solutions and IoT & Mobile solutions, which together form the backbone of compelling, intelligent, reliable and secure IoT services with deep business intelligence. Inseego powers mission critical applications with a “zero unscheduled downtime” mandate, such as asset tracking, fleet management, industrial IoT, SD WAN failover management and mobile broadband services. Our solutions are powered by our key innovations in purpose-built SaaS cloud platforms, IoT and mobile technologies including the newly emerging 5G technology. Inseego is headquartered in San Diego, California with offices worldwide. #Making5GReal

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, new product introductions, continued acceptance of Inseego's products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Inseego's filings with the United States Securities and Exchange Commission (available at ) and other regulatory agencies.

©2018. Inseego Corp. All rights reserved. The Inseego name and logo are trademarks of Inseego Corp. Other Company, product or service names mentioned herein are the trademarks of their respective owners.

EN
04/12/2018

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Inseego Corp

 PRESS RELEASE

Inseego Corp. to Report Fourth Quarter and Full Year 2023 Financial Re...

SAN DIEGO--(BUSINESS WIRE)-- Inseego Corp. (Nasdaq: INSG), a leader in 5G edge cloud solutions, today announced that the company will release its financial results for the fourth quarter and year ended December 31, 2023 after the financial markets close on February 21, 2024. The financial statements and earnings press release will be made available at and will be filed under Inseego’s profile on EDGAR at . The company will host a webcast and conference call that same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results and business outlook. A live audio webcast of...

 PRESS RELEASE

Inseego Announces Reverse Stock Split

SAN DIEGO--(BUSINESS WIRE)-- Inseego Corp. (Nasdaq: INSG) (the “Company”) today announced that it intends to effect a 1-for-10 reverse stock split of its issued and outstanding shares of common stock (the “Reverse Stock Split”) that will become effective after the close of the market at 5:00 p.m. Eastern Time on January 23, 2024 (the “Effective Time”). The Company's common stock is therefore expected to begin trading on a split-adjusted basis the following morning when the market opens on January 24, 2024. The Company's common stock will continue to trade on the Nasdaq Global Select Market und...

 PRESS RELEASE

Inseego Appoints SVP of Global Channel Sales and Distribution

SAN DIEGO--(BUSINESS WIRE)-- Inseego Corp. (Nasdaq: INSG), a leader in 5G edge cloud solutions, today announced Keri Bolding has joined the company in the newly-created role of SVP of Global Channel Sales & Distribution. Bolding will oversee the company's global channel sales and distribution strategy, reporting to Inseego’s Chief Revenue Officer, Steve Harmon. “At Inseego we are committed to the channel and Keri is the right person to join Inseego in this newly created role of SVP of Global Channel Sales & Distribution,” said Steve Harmon, Chief Revenue Officer at Inseego. “Keri’s leadershi...

 PRESS RELEASE

Inseego Announces the Availability of Its Next Generation 5G Fixed Wir...

SAN DIEGO--(BUSINESS WIRE)-- Inseego Corp., a leader in 5G edge cloud solutions, announced the launch of the Inseego Wavemaker™ 5G indoor router FX3100 for T-Mobile for Business customers. This compact, cutting-edge FWA device provides ultra-fast, reliable, and secure connectivity, empowering enterprise customers to stay connected and productive like never before. This press release features multimedia. View the full release here: Inseego Wavemaker 5G indoor router FX3100 (Photo: Business Wire) Inseego’s FX3100 boasts a unique, compact design that is easy to set up and connect. Designed to me...

 PRESS RELEASE

Inseego Reports Third Quarter 2023 Financial Results

SAN DIEGO--(BUSINESS WIRE)-- Inseego Corp. (Nasdaq: INSG) (the “Company”), a leader in 5G edge cloud solutions, today reported its results for the third quarter of 2023 ending September 30, 2023. The Company reported third quarter total revenue of $48.6 million, GAAP operating loss of $18.4 million, GAAP net loss of $21.8 million, GAAP net loss of $0.19 per share, adjusted EBITDA of $4.0 million, and non-GAAP net loss of $0.16 per share. Cash and cash equivalents at quarter end was $18.9 million. “We remain focused on maintaining profitability as we transition from 4G to 5G. While supply cha...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch