Inseego Corp. Statement on Infrastructure Investment and Jobs Act

Rhea-AI Summary

Inseego Corp. (NASDAQ: INSG) lauds the U.S. government's Infrastructure Investment and Jobs Act for enabling funding aimed at accelerating high-speed broadband deployment. CEO Dan Mondor emphasized collaboration with the National Telecommunications and Information Administration to develop effective programs, with a focus on utilizing 5G technology. Inseego aims to enhance broadband access in underserved areas and support critical infrastructures, including smart cities and defense applications.

Positive

• Government funding through the Infrastructure Investment and Jobs Act supports high-speed broadband expansion.
• Inseego is positioned to supply broadband solutions to unserved communities.
• Collaboration with the National Telecommunications and Information Administration suggests strategic government partnerships.

Negative

• None.

New government funding helps ensure fast, reliable broadband for communities everywhere

SAN DIEGO--(BUSINESS WIRE)-- Inseego Corp. (Nasdaq: INSG), a leader of 5G and intelligent IoT device-to-cloud solutions for enterprises and consumers, congratulates the U.S. Congress and President Joseph R. Biden for a monumental achievement in passing the Infrastructure Investment and Jobs Act.

“We applaud the government’s commitment to providing funding to accelerate the deployment of high-speed broadband for citizens and businesses everywhere,” said Inseego Chairman and CEO Dan Mondor. “We look forward to working with the National Telecommunications and Information Administration (NTIA) to produce a blueprint for success, and with state broadband officials to design and build out cost-effective programs that deliver ultra-fast, reliable, and secure internet access to their residents and businesses, now and in the future. We believe 5G is the way to accomplish this. ”

Inseego, a U.S.-based company and cellular industry leader for over 25 years, is paving the way for new 5G innovations on many fronts:

• supplying high-speed broadband solutions to unserved and underserved communities
• bringing new innovations, efficiencies, and security to smart cities and infrastructure projects
• empowering the U.S. Department of Defense with groundbreaking 5G technology
• connecting first responders with fast, reliable, and low-latency communications

About Inseego Corp.

Inseego Corp. (Nasdaq: INSG) is an industry leader in smart device-to-cloud solutions that extend the 5G network edge, enabling broader 5G coverage, multi-gigabit data speeds, low latency and strong security to deliver highly reliable internet access. Our innovative fixed and mobile broadband solutions and cloud platforms incorporate the most advanced technologies into a wide portfolio of products that provide robust connectivity indoors, outdoors and in the harshest industrial environments. Designed and developed in the USA, Inseego products and SaaS solutions build on the company’s patented technologies to provide the highest quality wireless connectivity for service providers, enterprises, and government entities worldwide. www.inseego.com #Putting5GtoWork

View source version on businesswire.com: https://www.businesswire.com/news/home/20211122006025/en/

Media contact:

Anette Gaven

Tel: +1 (619) 993-3058

Email: Anette.Gaven@inseego.com

Or

Investor Relations contact:

Joo-Hun Kim, MKR Group

Tel: +1 (212) 868-6760

Email: joohunkim@mkrir.com

Source: Inseego Corp.

FAQ

How is Inseego Corp. involved with the Infrastructure Investment and Jobs Act?

Inseego Corp. supports the Act's funding for high-speed broadband and aims to collaborate with government bodies to enhance internet access.

What are the key benefits of the government funding for Inseego Corp.?

The funding allows Inseego to expand broadband solutions in underserved areas, facilitating better connectivity and support for smart city initiatives.

What technology does Inseego plan to use for broadband deployment?

Inseego plans to utilize 5G technology to achieve reliable high-speed broadband access.

What is the stock symbol for Inseego Corp.?

The stock symbol for Inseego Corp. is INSG.