INSG Inseego Corp

KLM Equipment Services and Inseego Announce Global Strategic Partnership

Inseego Corp. (Nasdaq: INSG), an industry leader in solutions for mobile enterprises, will expand the global deployment of its intelligent ground support equipment (GSE) asset management solutions for KLM Equipment Services (KES) and its airline customers. This subsidiary of KLM Royal Dutch Airlines and their customers (such as an air service provider at Hong Kong International airport) have realized substantial benefits from the Ctrack asset tracking and fleet management technology and will combine its expertise with Inseego’s to enhance operations across a wider base of aviation clients. Together, Inseego and KES and will team up to develop new specialized management services and features for the global commercial aviation market.

Global Strategic Partnership Targets Airline Operation Challenges with IoT and Cloud Solution Innovation

  • Many airlines have not leveraged the benefits of IoT technology and platforms to significantly decrease the Total Cost of Ownership (TCO) of their GSE fleets. The powerful combination of Inseego and KES takes advantage of deep operational expertise and world-leading IoT-to-cloud software asset management solutions that enables airlines to maximize ground equipment efficiency, asset visibility and cost optimizations.
  • Inseego’s Ctrack intelligent Aviation Asset Tracking platform is a user-friendly IoT device-to-cloud management solution that includes tools for asset usage, condition, maintenance schedules and automatic billing for multiple users. The Ctrack platform provides real-time actionable data for analysis by airlines and GSE operators, ultimately driving maximum customer ROI.
  • Inseego has deployed aviation asset management solutions for ground support equipment at multiple airports worldwide – including new prominent wins with two of the largest global airlines.

“Expanding our strategic partnership with KLM Equipment Services will bring tangible benefits to more airline customers with more powerful, user-friendly asset management systems, leveraging the world’s best in IoT technology and intelligent cloud software, heightened by the deep industry operational knowledge and experience from KES,” said Chris Lytle, EVP of Enterprise SaaS Solutions at Inseego. "The current success of the Ctrack system in Amsterdam and Hong Kong is reflective of our combined ability to solve challenging problems that are unique to aviation ground operations. Together with KES, we look forward to enhancing operations with many more airlines across the globe.”

“We are pleased to combine forces with Inseego to improve our ability to serve existing and new customers with exact asset/fleet status,” said John Engelaan, managing director of KES. “Inseego has a rich history of deploying fleet management solutions and has quickly become the global standard in aviation. We look forward to delivering unparalleled value to our current and new customers through an integrated solution.”

To learn more about Inseego’s award-winning Ctrack Aviation Asset Management Solution and partnership with KES, schedule a meeting with Inseego at the Ground Handling International Conference, June 26-28 in Miami, Florida. Contact [email protected].

To schedule an interview with an Inseego or KLM Equipment Services executive, please contact [email protected].

About Inseego Corp.

Inseego Corp. (Nasdaq: INSG) 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. www.inseego.com

ABOUT KES

KLM Equipment Services (KES) is an independent subsidiary of KLM Royal Dutch Airlines. KES offers over 60 years of expertise and experience in all types of ground support equipment and services. From its home base Amsterdam Airport Schiphol, KES supports a range of services: equipment pooling, sales, rental and maintenance of all sorts ground support equipment and fleet management services. http://www.kes-gse.nl/en/

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 www.sec.gov) 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
27/06/2018

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