New Products Targeted to Growing LTE M2M Opportunities
BARCELONA, SPAIN–(Marketwire -02/29/12)- Mobile World Congress 2012 — Franklin Wireless Corp. (OTC.BB: FKWL– News), the market leader in dual-mode WiMAX and CDMA modems for 3G and 4G wireless broadband data communications, today announced the upcoming commercial availability of its new S700 and S800 Series of stand-alone modems that operate over LTE networks. With a planned worldwide market release planned for the second quarter of 2012, the S700 Series and S800 Series support FDD LTE and TDD LTE networks, respectively. This innovative series of devices represents a reliable and cost effective solution to enable OEMs and others to integrate cellular connectivity into their products. The main market opportunity for the S700 and S800 Series is expected to be the growing machine-to-machine (M2M) space and these products can support a wide variety of products that require wireless monitoring and connectivity including vending machines, surveillance cameras, point-of-sale kiosks, utility meters and digital signs. The S700 and S800 Series of stand-alone modems will include several variations including dual-mode LTE/CDMA and dual-mode LTE/UMTS (WCDMA) versions and will be powered by Franklin’s M700 and M800 Series of embedded modules.
“The S700 and S800 Series of stand-alone modems allows Franklin Wireless to further augment its product portfolio and provides our company with a range of LTE devices that can support the growing M2M market opportunity,” said OC Kim, president of Franklin Wireless. “Customers who seek a solid and reliable wireless connectivity solution for LTE networks will find the S700 and S800 Series to be an ideal fit for their needs.”
The S700 and S800 Series of stand-alone modems will support Windows® 7, Vista, XP, Mac OS® X 10.5 or higher and Linux®.
Additional information about the S700 and S800 Series of stand-alone modems, as well as the Company’s other products will be available at the Franklin Wireless exhibit at Mobile World Congress 2012 in Barcelona, Spain taking place from February 27 to March 1, 2012. The Company’s exhibit is located in Hall 2, Stand 2C106.
The Company’s 10-Q filing for the three month period ending December 31, 2011 is on file with the SEC(www.sec.gov).
About Franklin Wireless
Franklin Wireless Corp. (OTC.BB:FKWL – News) is engaged in the design, manufacture and sale of high speed wireless data products including third generation (“3G”) and fourth generation (“4G”) modems, routers and modules. Our current products are focused on widely deployed cellular technologies including CDMA EVDO Rev A, HSPA, WiMAX and LTE. We were the world’s first supplier of both CDMA EVDO Rev A and dual-mode (CDMA EVDO Rev A/WiMAX) Universal Serial Bus (USB) modems. Franklin’s other products include Wi-Fi “hotspot” routers (which operate over WiMAX or CDMA networks) and wireless modules that are generally sold to original equipment manufacturers (OEMs). Our company’s primary customers are wireless carriers who seek innovative, reliable and cost effective technology solutions for their subscribers. Our customer base extends from the United States to South America and the Caribbean.
Franklin Wireless is headquartered in San Diego, California and has a majority ownership position in Franklin Technology Inc. (FTI), a research and development facility located in Seoul, South Korea. FTI provides design, development and manufacturing services to Franklin for its wireless data products. For additional information, please visitwww.franklinwireless.com.
Safe Harbor Statement:
Certain statements in this press release constitute “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements.
Franklin Wireless Corp.