Franklin Wireless Corp Stock Price, News & Analysis

Franklin Access has launched the Seiona – RT410S, its first remotely managed M2M router for IoT applications, unveiled at the Channel Partners Conference in Las Vegas. The device targets the multi-billion-dollar IoT market, specifically designed for digital signage, healthcare, ATMs, kiosks, vending machines, and EV charging stations.

The key differentiator is its integration with the Pintrac Mobile Device Management (MDM) platform, enabling remote configuration, security, deployment, monitoring, and updates. The Seiona – RT410S features cellular, Wi-Fi, and GPS technologies in a compact design and represents the first in a series of LTE-based devices.

The product is currently undergoing U.S. wireless carrier certification and technical evaluation with leading national retailers for kiosk applications.

Franklin Wireless Corp. (NASDAQ: FKWL) has appointed Ira Greenstein to its Board of Directors, effective February 17, 2025. Greenstein, a Founding Partner of Pierson Ferdinand LLP, brings extensive legal, corporate, and government experience to the board. His previous roles include serving as Deputy Assistant and Strategist during the first Trump Administration and as President of IDT and Genie Energy

Greenstein, who holds degrees from Cornell University and Columbia University School of Law, currently serves on the board of Forafric Global plc., where he is a member of the Audit and Remuneration Committees. He replaces Gary Nelson, who is stepping down to spend more time with family.

Franklin Access (NASDAQ: FKWL) has announced the successful funding of its joint venture, Sigbeat, focused on developing advanced 4G/5G modules with integrated AI capabilities. The venture will design, market, and certify modules featuring enhanced security, image processing, and video streaming functionalities.

The Sigbeat modules aim to deliver faster response times, improved privacy protection, and reduced cloud computing dependency while supporting voice assistants, augmented reality (AR), and other intelligent applications. The initiative combines Franklin Access's wireless expertise with their partner's technological capabilities to serve various industries, emphasizing edge computing and multi-network functionality for improved customization and efficiency.

Franklin Access (FKWL) has secured a significant legal victory in its shareholder litigation case 'In re Franklin Wireless Corp. Derivative Litigation'. On December 19th, 2024, following an 8-day jury trial in the U.S. District Court for the Southern District of California, the jury awarded nominal damages of just $0.99, despite plaintiffs seeking over $110 million in damages from the company's officers and directors.

The court determined that the actions of Franklin Wireless officers and directors during the relevant period resulted in only nominal damage to the company. This resolution ends a challenging period for the Company's Officers and Directors, allowing management to refocus on delivering innovative connectivity solutions without litigation distractions.

Franklin Access has announced significant updates to its JEXtream MDM (Mobile Device Management) platform. The enhancements include a new Internet Suspension Feature for managing internet functionality across devices, Single Sign-On (SSO) integration for streamlined access, an improved user interface with enhanced Device Detail screen and advanced filtering options, and a new dashboard for individual accounts. The platform aims to serve both enterprise clients and educational institutions with these versatile device management solutions.

Franklin Access has introduced the JEXtream FX20 WiFi 6 router paired with the Quvo parental control app, offering a comprehensive digital safety solution for families. The combination provides modern network performance and empowers parents to manage their children's online activities.

Key features of the Quvo app include real-time activity monitoring, customizable usage controls, content filtering, geo-fencing, and cross-platform compatibility. The JEXtream FX20 router delivers exceptional WiFi 6 performance, supporting multiple devices with faster speeds and better coverage.

CEO OC Kim emphasized the company's commitment to addressing the complexities of children's digital interactions. Franklin Access plans to expand Quvo's offerings into markets such as elder care, pet care, and small businesses. The products are available on www.quvostore.com and Amazon.

Franklin Access announced a $3 million investment in a joint venture to develop 4G/5G on-device AI modules. These modules promise advanced functionalities like improved security, image processing, and video streaming. The venture aims to innovate mobile broadband modules, providing enhanced privacy, faster response times, and reduced internet dependency. These modules, integrated with local edge computing, are expected to transform voice assistants, AR applications, and security systems. CEO OC Kim highlighted the collaboration's potential to place customers at the forefront of AI module technology, with launches anticipated soon.

Franklin Wireless announced a rebranding and will now operate as Franklin Access. The change aims to better reflect the company's focus on providing network solutions for homes and businesses. The rebrand includes the launch of a new website, FranklinAccess.com, which consolidates all their brands. Despite the name change, there will be no impact on ownership, management, or operations, and the company will still trade on NASDAQ under the ticker FKWL. CEO OC Kim emphasized that this move is strategic and aims to enhance the company's mission of offering seamless global connectivity solutions.