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FiEE, Inc., formerly Minim, Inc., reports developments tied to its transition from a WiFi and Software-as-a-Service platform company into a technology business combining IoT, connectivity and artificial intelligence for digital brand-management solutions. News has covered its SaaS products for talent-focused services, cloud-managed connectivity, IoT hardware sales and licensing, and professional support offerings.
Recurring updates also include completed corporate-status changes, such as the company's rebranding and Nasdaq ticker change from MINM to FIEE, Nasdaq listing-compliance matters, and completed technology asset purchases involving intellectual property, patents and copyrights. Company announcements also describe sales contracts, agency and cooperation agreements, and technology used for product authentication, file transfer, KYC, cybersecurity, market analysis and digital-content protection.
Minim (OTCQB: MINM) has secured a $13 million credit facility from Silicon Valley Bank to meet the rising demand in the $356 billion fixed broadband market. This follows a record-breaking revenue quarter for the company, which specializes in internet access products. CFO Sean Doherty emphasized the facility's role in facilitating growth, particularly as telemedicine and remote work persist post-pandemic. Minim's products, including cable modems and routers under the Motorola brand, are widely available through major retailers and ISPs.
Minim (OTCQB: MINM) reported record Q4 and full-year 2020 financial results, achieving net revenue of $13.7 million in Q4, marking a 30% year-over-year growth. The company experienced a gross margin improvement to 33%. For the full year, net revenue reached $48 million, up 28% from 2019. Non-GAAP net income of $1 million was reported for 2020. The merger with Zoom Telephonics was finalized, expanding product offerings. Despite a non-GAAP net loss of $0.8 million in Q4, Minim emphasizes growth potential and innovation in the home networking market.
Minim (OTCQB: MINM) will announce its financial results for Q4 and FY 2020 on March 9, 2021, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss these results. Participants can join via dial-in numbers: (866) 393-7958 for the U.S. and (706) 643-5255 internationally. The call will also be recorded and accessible later on Minim's investor website.
Minim (OTCQB: MINM) announces the upcoming launch of its new product, the Zoom® ZM.1, an AC1300 mesh WiFi system. Set to debut in Spring 2021 across Canada, Mexico, and Europe, this system is aimed at providing affordable and robust WiFi connectivity. Priced from $74.99, it offers dual-band access, MU-MIMO technology, and a mobile app for enhanced management, including features like guest network management and parental controls. With over 130 ISP partnerships, Minim continues to expand its service offerings to users.
Minim (OTCQB: MINM) announces a significant expansion of its global presence, partnering with Internet Service Providers (ISPs) across Africa, Europe, and North America to enhance connectivity services. The company’s software has reportedly helped ISPs like Wi-fibre Inc. achieve a 50% reduction in support calls and 40% fewer technician visits. Minim’s solutions aim to improve customer satisfaction and operational efficiency, particularly as demand for reliable Internet increases during the pandemic. The community of over 130 ISP partners continues to grow, furthering Minim’s reach.
Minim (OTCQB: MINM) has partnered with KAON and Irdeto to integrate the Trusted Home security solution into KAON’s DOCSIS 3.1 WiFi 6 customer-premises equipment. This collaboration aims to enhance broadband services by providing multi-gigabit capabilities and improved Wi-Fi management for service providers. The CG3000S model is the first to feature Trusted Home, addressing the increasing demand for secure and efficient home connectivity. This integration positions both companies favorably in the competitive broadband market.
Minim (OTCQB: MINM) has announced an increase in its maximum credit facility from $4 million to $5 million with Rosenthal & Rosenthal. This expanded credit line aims to support the growing demand for home networking products amid the rise of Gigabit internet speeds. CFO Sean Doherty highlighted the need for increased capital to scale operations and enhance product introductions. Minim's innovative products are available in major retailers and through over 130 Internet Service Providers. For further information, visit www.minim.com.
Irdeto has extended its partnership with ZTE to integrate the Trusted Home solution, developed with Minim (OTCQB: MINM), into ZTE's MF286R and MF286C routers. This AI-driven platform enhances broadband providers' service capabilities, enabling features like Wi-Fi management and security, which can improve customer retention and reduce operational costs by up to 50%. Operators using ZTE routers can deploy Trusted Home easily and offer enhanced services, addressing global market needs.
Minim (OTCQB: MINM) has launched a new feature within its mobile app that assists users in tracking their internet data consumption. The app allows home users to monitor data usage over various periods, thereby helping them understand their service needs better. More than 130 Internet Service Providers already offer the Minim app, which includes features like ad blocking, parental controls, and security scans. The app will also be bundled with the Motorola MG8702 Gateway, certified by major providers. This initiative aims to enhance user experience amid rising residential internet consumption.