Franklin Access Invest In A Joint Venture For 4G/5G On-Device AI Modules
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 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.
- None.
Insights
Franklin Access's investment in a joint venture for 4G/5G on-device AI modules represents a significant step in the evolution of wireless technology. On-device AI can process data directly on the device without the need to send information to a cloud server, which enhances privacy and response time. This is particularly relevant in applications like voice assistants, video quality enhancement and augmented reality (AR), where latency and security are critical.
The mention of advanced functionalities in security, image processing and video streaming suggests that these modules could attract a wide range of customers in various sectors, from consumer electronics to enterprise solutions. The integration of local edge computing with 4G and 5G technologies is poised to deliver more efficient and robust wireless solutions.
Retail investors should note that this venture not only places Franklin Access at the cutting edge of technology but also aligns with market demand for smarter, more integrated devices. The success of this venture will hinge on the speed of certification with wireless operators and the subsequent market adoption of the modules.
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From a market perspective, this move could position Franklin Access as a leader in the emerging field of on-device AI, which could attract new customers and expand existing relationships. However, the market is highly competitive, with numerous players also aiming to capture this growing segment. The actual impact on Franklin Access's financial performance will depend on their ability to quickly achieve certification and market their products effectively.
Additionally, investors should be aware of potential risks such as the rapid pace of technological change and the need for ongoing investment in R&D to stay ahead of competitors. Nevertheless, this venture signifies a forward-thinking strategy that could yield significant long-term benefits.
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.
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