Franklin Access Secures Funding for Sigbeat Joint Venture, Advancing 4G/5G and AI Module Innovation

Rhea-AI Summary

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.

Positive

• Successful funding secured for strategic joint venture in AI-enabled 4G/5G modules
• Expansion into high-growth AI and edge computing markets
• Diversification of product portfolio with advanced technological capabilities

Negative

• None.

SAN DIEGO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Franklin Access (NASDAQ: FKWL) announced today the successful funding of its joint venture to develop 4G/5G modules and AI-powered solutions under the Sigbeat brand.

The Sigbeat joint venture will design, market, and certify 4G/5G modules featuring advanced on-device AI capabilities, including enhanced security, image processing, and video streaming functionalities. These modules aim to provide faster response times, stronger privacy safeguards, and reduced reliance on cloud computing while offering seamless integration for voice assistants, augmented reality (AR), and other intelligent applications.

Sigbeat will leverage its partner's technological expertise and Franklin Access’s leadership in wireless solutions to cater to a diverse range of industries and applications. By combining edge computing with multi-network capabilities, Sigbeat modules will empower users with enhanced customization and efficiency.

About Sigbeat

Sigbeat drives innovation in wireless technology with advanced 4G/5G modules and AI-powered solutions to deliver seamless, reliable, and future-ready connectivity. By combining cutting-edge technology with scalable and customizable designs, Sigbeat empowers businesses to lead in the digital age.

About Franklin Access

Franklin Access (NASDAQ: FKWL) specializes in integrated connectivity solutions powered by 4G LTE and 5G technologies. The company offers mobile device management (MDM), network management solutions (NMS), and innovative wireless products for the digital age. For more information, visit 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.

For media inquiries, please contact: marketing@franklinaccess.com

FAQ

What is the purpose of Franklin Access's (FKWL) Sigbeat joint venture?

The Sigbeat joint venture aims to develop, market, and certify 4G/5G modules with integrated AI capabilities, focusing on enhanced security, image processing, and video streaming functionalities.

What technologies will FKWL's Sigbeat modules incorporate?

Sigbeat modules will incorporate 4G/5G connectivity, on-device AI capabilities, edge computing, and multi-network functionalities, supporting voice assistants and augmented reality applications.

How will FKWL's Sigbeat modules benefit end users?

The modules will provide faster response times, stronger privacy protection, reduced cloud computing dependency, and enhanced customization options for various applications.

What market segments will FKWL's Sigbeat joint venture target?

The Sigbeat joint venture will target diverse industries requiring advanced wireless solutions with integrated AI capabilities, focusing on applications needing enhanced security and processing capabilities.