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Inseego Corp. Statement on Passage of the America COMPETES Act
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Inseego Corp. has praised the U.S. House of Representatives for passing the America COMPETES Act, which aims to enhance U.S. supply chain resilience and support Open Radio Access Network (RAN) innovation. This legislation is expected to foster a diverse ecosystem of 5G suppliers, ensuring a stable supply chain for next-gen wireless networks. Inseego's CEO Dan Mondor emphasized the importance of this act for American leadership in 5G technology. The company is actively contributing to 5G innovations, providing solutions for unserved communities, smart cities, and critical infrastructure.
Positive
Support for the America COMPETES Act could lead to increased funding and innovation in 5G technology.
Inseego is positioned as a leader in providing high-speed broadband solutions for underserved communities.
The company's involvement in Open RAN technology may enhance its market competitiveness.
Negative
None.
SAN DIEGO--(BUSINESS WIRE)--
Inseego Corp., a leader in 5G and intelligent device-to-cloud solutions, applauds the U.S House of Representatives on its passage of the America COMPETES Act, which contains important measures to improve U.S. supply chain resiliency, including funding for Open Radio Access Network (RAN) innovation.
By fostering a more diverse ecosystem of 5G suppliers, including U.S.-based companies developing Open RAN solutions, this legislation will help ensure a more stable and secure supply chain for the next-generation wireless networks that will connect citizens and critical broadband infrastructure in the U.S. and abroad.
“We commend the U.S. Congress for its commitment to American leadership in 5G through both the America COMPETES Act and the United States Innovation and Competition Act (USICA),” said Inseego Chairman and CEO Dan Mondor, “and we encourage Congress to reconcile differences in the bills and enact this important legislation. Open RAN technology will enable continuous innovation — the engine of our economy — and, together with other provisions in these Acts, will help make America more competitive and more secure.”
Inseego, a U.S.-based company and member of the Open RAN Policy Coalition (OPRC), 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.
What is the significance of the America COMPETES Act for Inseego Corp. (INSG)?
The America COMPETES Act supports funding for Open RAN innovation, which is significant for Inseego as it helps enhance U.S. supply chain resilience and fosters a diverse ecosystem of 5G suppliers.
How does Inseego Corp. (INSG) contribute to 5G innovations?
Inseego provides high-speed broadband solutions to unserved communities and supports smart city projects, enhancing the overall 5G infrastructure.
What is Dan Mondor's role in Inseego Corp. (INSG)?
Dan Mondor is the Chairman and CEO of Inseego Corp., and he has publicly endorsed the America COMPETES Act for its potential to boost American leadership in 5G technology.
How can Open RAN technology impact Inseego Corp. (INSG)?
Open RAN technology can enable continuous innovation and enhance Inseego's capabilities to provide advanced 5G solutions, thereby strengthening its competitive position.
