Inseego Extends the Appointment of Philip Brace as Executive Chairman
Inseego Corp. (Nasdaq: INSG) has extended Philip Brace's appointment as Executive Chairman for two additional 6-month terms, effective immediately. Brace highlighted significant improvements in the company over the past six months, including revenue growth, an enhanced product portfolio, and improved capital structure. He emphasized Inseego's strong market presence and long-term prospects, citing strengthened relationships with carrier partners and new partnerships in the channel for mobile broadband and FWA products. The company has also added new executives in product management, operations, and sales. Brace, who joined the Board in September 2023 and became Executive Chairman in February 2024, expressed confidence in Inseego's positioning for continued long-term success.
Inseego Corp. (Nasdaq: INSG) ha esteso il mandato di Philip Brace come Presidente Esecutivo per due ulteriori termini di sei mesi, con effetto immediato. Brace ha messo in evidenza i miglioramenti significativi dell'azienda negli ultimi sei mesi, tra cui la crescita dei ricavi, un portfolio prodotti potenziato e una struttura patrimoniale migliorata. Ha sottolineato la forte presenza sul mercato di Inseego e le prospettive a lungo termine, citando il rafforzamento delle relazioni con i partner carrier e nuove collaborazioni nel canale per prodotti di banda larga mobile e FWA. L'azienda ha anche aggiunto nuovi dirigenti nel management prodotto, operazioni e vendite. Brace, che è entrato nel Consiglio nel settembre 2023 e è diventato Presidente Esecutivo nel febbraio 2024, ha espresso fiducia nella posizione di Inseego per un continuo successo a lungo termine.
Inseego Corp. (Nasdaq: INSG) ha ampliado el nombramiento de Philip Brace como Presidente Ejecutivo por dos términos adicionales de seis meses, con efecto inmediato. Brace destacó mejoras significativas en la empresa en los últimos seis meses, incluyendo crecimiento de ingresos, un portafolio de productos mejorado y una mejor estructura de capital. Enfatizó la fuerte presencia en el mercado de Inseego y las perspectivas a largo plazo, citando el fortalecimiento de relaciones con socios de transporte y nuevas asociaciones en el canal para productos de banda ancha móvil y FWA. La empresa también ha incorporado nuevos ejecutivos en gestión de productos, operaciones y ventas. Brace, quien se unió a la Junta en septiembre de 2023 y se convirtió en Presidente Ejecutivo en febrero de 2024, expresó confianza en el posicionamiento de Inseego para un continuo éxito a largo plazo.
인시고 코프. (Nasdaq: INSG)는 필립 브레이스의 회장직 임명을 추가 6개월 임기 2회 연장하기로 했으며, 즉시 발효됩니다. 브레이스는 지난 6개월 동안 회사에서 이루어진 중요한 개선 사항으로 수익 성장, 향상된 제품 포트폴리오, 개선된 자본 구조를 강조했습니다. 그는 인시고의 강력한 시장 존재와 장기 전망, 통신사 파트너와의 관계 강화 및 이동 통신 및 FWA 제품을 위한 새로운 채널 파트너십을 언급했습니다. 회사는 또한 제품 관리, 운영 및 판매 분야에 새로운 경영진을 추가했습니다. 브레이스는 2023년 9월 이사회에 합류하고 2024년 2월 회장직을 맡으며 인시고의 지속적인 장기 성공을 위한 입지에 대한 자신감을 표명했습니다.
Inseego Corp. (Nasdaq: INSG) a prolongé le mandat de Philip Brace en tant que Président Exécutif pour deux nouveaux mandats de six mois, avec effet immédiat. Brace a souligné des améliorations significatives dans l'entreprise au cours des six derniers mois, notamment une croissance des revenus, un portefeuille de produits amélioré et une structure de capital optimisée. Il a insisté sur la forte présence sur le marché d'Inseego et ses perspectives à long terme, citant le renforcement des relations avec les partenaires transporteurs et de nouveaux partenariats dans le canal pour les produits de large bande mobile et FWA. L'entreprise a également recruté de nouveaux cadres dans les domaines de la gestion de produits, des opérations et des ventes. Brace, qui a rejoint le Conseil en septembre 2023 et est devenu Président Exécutif en février 2024, a exprimé sa confiance dans la position d'Inseego pour un succès continu à long terme.
Inseego Corp. (Nasdaq: INSG) hat die Ernennung von Philip Brace zum Exekutivvorsitzenden um zwei zusätzliche 6-monatige Amtszeiten verlängert, die sofort in Kraft treten. Brace hob bedeutende Verbesserungen des Unternehmens in den letzten sechs Monaten hervor, einschließlich Umsatzwachstum, eines erweiterten Produktportfolios und einer verbesserten Kapitalstruktur. Er betonte die starke Marktpräsenz von Inseego und die langfristigen Perspektiven und verwies auf die gestärkten Beziehungen zu Netzwerkpartnern sowie neue Partnerschaften im Bereich mobiler Breitband- und FWA-Produkte. Das Unternehmen hat auch neue Führungskräfte im Bereich Produktmanagement, Betrieb und Vertrieb hinzugefügt. Brace, der im September 2023 dem Vorstand beigetreten ist und im Februar 2024 Exekutivvorsitzender wurde, äußerte Vertrauen in die Positionierung von Inseego für kontinuierlichen langfristigen Erfolg.
- Revenue growth reported in the past six months
- Enhanced product portfolio
- Improvements in capital structure
- Strengthened relationships with carrier partners
- New partnerships in channel for mobile broadband and FWA products
- Addition of new executives in key roles (product management, operations, sales)
- None.
“I joined the company to leverage my product and growth expertise to build value for customers and stockholders,” said Phil Brace, Executive Chairman. “We've made significant improvements to the company in the past six months, from our revenue growth, to our product portfolio, to improvements in our capital structure, all further enhancing the company's strong market presence and long-term prospects.”
“I’m excited about the opportunity in front of Inseego,” said Brace. “Our long-term relationships with carrier partners continue to get stronger and we’re building new partnerships in our channel around our exciting mobile broadband and FWA products. We continue to add new leadership to the team and recently brought onboard executives to lead product management, operations and sales, all of whom are making immediate and positive impacts.”
“Inseego delivered a compelling growth and profitability trajectory these past six months. I’m thrilled to continue in the Executive Chairman role and firmly believe the company is well-positioned for continued and long-term success,” said Brace.
Mr. Brace was appointed to the Inseego Board of Directors in September 2023 and assumed the role of Executive Chairman in February 2024. Mr. Brace serves on the board of Directors at Lantronix and BlackBerry. He served as president and CEO of Sierra Wireless Inc. from July 2021 to January 2023. His previous executive roles include Executive Vice President at Veritas Technologies, President of Seagate Technology’s Cloud Systems and Electronic Solutions, Executive Vice President at LSI Corporation, and General Manager at Intel Corporation. Mr. Brace holds a Bachelor’s degree in Applied Science from the University of Waterloo and a Master’s degree in Electrical Engineering from California State University,
For additional information, please refer to the 8-K filed with the
About Inseego Corp.
Inseego Corp. (Nasdaq: INSG) is the industry leader in 5G Enterprise cloud WAN solutions, with millions of end customers and thousands of enterprise and SMB customers on its 4G, 5G, and cloud platforms. Inseego's 5G Edge Cloud combines the industry's best 5G technology, rich cloud networking features, and intelligent edge applications. Inseego powers new business experiences by connecting distributed sites and workforces, securing enterprise data, and improving business outcomes with intelligent operational visibility---all over a 5G network. For more information on Inseego, visit www.inseego.com #Putting5GtoWork
©2024. Inseego Corp. All rights reserved. Inseego is a trademark of Inseego Corp. Other Company, product, or service names mentioned herein are the trademarks of their respective owners.
Cautionary Note Regarding Forward-Looking Statements
Some of the information presented in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often address expected future business and financial performance and often contain words such as “may,” “estimate,” “anticipate,” “believe,” “expect,” “intend,” “plan,” “project,” “will” and similar words and phrases indicating future results. The information presented in this news release related to our expectations regarding our future business outlook, financial performance and working capital needs, the future demand for our products, and other statements that are not purely historical facts are forward-looking. These forward-looking statements are based on management’s current expectations, assumptions, estimates, and projections. They are subject to significant risks and uncertainties that could cause results to differ materially from those anticipated in such forward-looking statements. The Company, therefore, cannot guarantee future results, performance, or achievements. Actual results could differ materially from our expectations.
Factors that could cause actual results to differ materially from the Company’s expectations include: (1) our ability to negotiate, execute and complete exchange transactions with respect to our convertible notes; (2) the future demand for wireless broadband access to data and asset management software and services and our ability to accurately forecast; (3) the growth of wireless wide-area networking and asset management software and services; (4) customer and end-user acceptance of the Company’s current product and service offerings and market demand for the Company’s anticipated new product and service offerings; (5) our ability to develop sales channels and to onboard channel partners; (6) dependence on a small number of customers for a significant portion of the Company’s revenues and accounts receivable; (7) increased competition and pricing pressure from participants in the markets in which the Company is engaged; (8) dependence on third-party manufacturers and key component suppliers worldwide; (9) the impact of fluctuations of foreign currency exchange rates; (10) the impact of supply chain challenges on our ability to source components and manufacture our products; (11) unexpected liabilities or expenses; (12) the Company’s ability to introduce new products and services in a timely manner, including the ability to develop and launch 5G products at the speed and functionality required by our customers; (13) litigation, regulatory and IP developments related to our products or components of our products; (14) the Company’s ability to raise additional financing when the Company requires capital for operations or to satisfy corporate obligations, including through the potential exercise of the Loan Warrants or the Exchange Warrants (if issued); (15) the Company’s plans and expectations relating to acquisitions, divestitures, strategic relationships, international expansion, software and hardware developments, personnel matters, and cost containment initiatives, including restructuring activities and the timing of their implementations; (16) the global semiconductor shortage and any related price increases or supply chain disruptions, (17) the potential impact of COVID-19 or other global public health emergencies on the business, (18) the impact of high rates of inflation and rising interest rates, and (19) the impact of geopolitical instability on our business.
These factors, as well as other factors set forth as risk factors or otherwise described in the reports filed by the Company with the SEC (available at www.sec.gov), could cause results to differ materially from those expressed in the Company’s forward-looking statements. The Company assumes no obligation to update publicly any forward-looking statements, even if new information becomes available or other events occur in the future, except as otherwise required under applicable law and our ongoing reporting obligations under the Securities Exchange Act of 1934, as amended.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240805611667/en/
Investor Relations Contact:
Inseego Corp.
ir@inseego.com
Source: Inseego Corp.
FAQ
What is Philip Brace's new role at Inseego (INSG)?
When did Philip Brace join Inseego's (INSG) Board of Directors?
What improvements has Inseego (INSG) reported in the past six months?
What new partnerships is Inseego (INSG) building?
