Franklin Access Invest In A Joint Venture For 4G/5G On-Device AI Modules
Rhea-AI Summary
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.
Positive
- Franklin Access invested $3 million in a joint venture to develop innovative 4G/5G on-device AI modules.
- Modules will offer advanced functionalities, including enhanced security, image processing, and video streaming.
- On-device AI reduces dependence on internet connectivity, offering cost-efficient and customizable solutions.
- New modules will cater to the growing demand for smarter, integrated wireless products.
Negative
- None.
News Market Reaction – FKWL
In the trading session that priced this news, FKWL gained 12.09%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, June 19, 2024 (GLOBE NEWSWIRE) -- Franklin Access, a leading provider of integrated wireless solutions, has agreed to invest
These multi-network smart modules will be available once certificated with wireless operators. The power of these new transformational modules will have advanced functionalities in security, image processing, and video streaming across 4G and 5G networks. OC Kim, CEO of Franklin Access, expressed confidence in the venture’s ability to deliver cutting-edge solutions. Android on-device AI modules are the future for intelligent devices and data integration making products better for the market.
On-device AI offers several advantages, including improved privacy, faster response, reduced dependence on internet connectivity, and enhanced customization. Applications of On-device AI include voice assistants, video quality improvements and recognitions, augmented reality (AR), and security. It’s more cost-efficient to run devices locally by reducing cloud computing and customizable to fit the user’s needs with continuous learning and training that recognizes patterns with every use.
"We've worked closely with our joint venture partner to produce this innovative lineup of modules spanning 4G and 5G technologies, with local edge computing and advanced security," said OC Kim, CEO at Franklin Access. "With 4G/5G Android AI modules, our customers will be at the forefront of the on-device AI module revolution."
The new on-device AI modules are expected to debut soon, catering to the growing demand for smarter, more integrated wireless products.
About Franklin Access
Franklin Access (FKWL) specializes in integrated solutions, leveraging 4G LTE and 5G technologies. From mobile device management (MDM) to network management solutions (NMS), we design connectivity solutions for the digital age. Explore more at Franklinwireless.com, soon to be FranklinAccess.com
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Actual results may differ materially from those expressed or implied due to various factors.
Contact
Franklin Access
+1 858 623 0000
ir@franklinacess.com
