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Motorola Solutions, Inc. (NYSE: MSI) is a global leader in mission-critical communications and analytics, providing essential products and services to public safety and commercial customers worldwide. The company specializes in seamless communication networks, applications, and services that deliver real-time information and situational awareness to first responders and other critical service providers.
Motorola Solutions' core business revolves around the sale of land mobile radios, radio network infrastructure, surveillance equipment, and dispatch software. These products are indispensable for public safety agencies, schools, hospitals, and a variety of private enterprises. The company prides itself on innovations that help professionals, such as firefighters and police officers, perform their duties effectively in critical moments.
Recent achievements include the acquisition of Silent Sentinel, a UK-based provider of rugged, long-range thermal cameras. This acquisition enhances Motorola's video security portfolio, bolstering its capabilities in extreme environments often associated with military, aviation, maritime, and critical infrastructure.
Financially, Motorola Solutions remains robust, with a significant portion of its revenue generated from government agencies and the remainder from private businesses and educational institutions. The company has a diverse customer base in over 100 countries and operates across every state in the United States.
To learn more about Motorola Solutions and its commitment to safer communities, visit www.motorolasolutions.com.
Motorola Solutions (NYSE:MSI) has secured a five-year contract worth 1.78 billion NOK (approximately 160 million USD) from the Norwegian Directorate for Civil Protection (DSB) to continue managing Norway's nationwide critical communications network, Nødnett. The contract begins in 2027 and extends through 2031, with a possible two-year extension option.
The Nødnett network serves over 60,000 first responders daily, providing coverage to 100% of Norway's population, including mountainous terrain and hundreds of tunnels. The TETRA-based system enables interoperability with networks in Sweden and Finland for cross-border collaboration. Motorola Solutions, which has supported Nødnett since 2012, will continue providing operational, lifecycle management, and technology upgrade services for emergency services users.
Evolv Technology (NASDAQ: EVLV) has appointed John Kedzierski as its new Chief Executive Officer, President, and Board member, effective December 16, 2024. Kedzierski, who previously served on Evolv's Board from January 2022 to November 2023, brings over 23 years of experience from Motorola Solutions, where he most recently held the position of Senior Vice President of Global Enterprise Sales.
He succeeds Michael Ellenbogen, who has been serving as Interim President and CEO since October and will continue as the Company's Chief Innovation Officer and Board member. During his tenure at Motorola Solutions, Kedzierski led the Video Security and Access Control business, helping establish the company as a global leader in physical security.
Motorola Solutions Foundation highlights its partnerships with organizations supporting first responder families through educational scholarships. The initiative focuses on three key organizations: the National Fallen Firefighters Foundation (NFFF), Canadian Fallen Firefighters Foundation (CFFF), and Concerns of Police Survivors (C.O.P.S.).
The NFFF has assisted over 1,450 individuals with post-secondary education, while CFFF has awarded 12 bursaries and 18 scholarships since 2010. C.O.P.S. has supported 626 students across the U.S. and Puerto Rico since 1993. These programs provide important support as average public institution tuition costs reach $27,100 per year in the U.S. The initiatives not only offer financial assistance but also promote STEM education and professional development opportunities for families of fallen first responders.
Motorola Solutions (NYSE:MSI) has announced that its Executive Vice President and CTO Mahesh Saptharishi will participate in a fireside chat at the Barclays Global Technology Conference. The event is scheduled for Wednesday, December 11, 2024, at 9:15 a.m. PST.
The company will provide a live webcast of the presentation, which will also be available for replay on Motorola Solutions' Investor Relations website through their events and presentations section.
Motorola Solutions (NYSE: MSI) announced an 11% increase in its regular quarterly dividend to $1.09 per share. The dividend will be paid in cash on January 15, 2025, to stockholders of record as of December 13, 2024.
Motorola Solutions released a retail worker safety report revealing significant safety concerns in Australia and New Zealand's retail sector. The survey of 280+ retail workers shows 34% feel unsafe ahead of the holiday season, with 70% expecting understaffing issues. Key concerns include shoplifting (71%), hostile customer interactions (51%), and grab-and-runs (43%). Workers identified several security technologies that could enhance safety, including access control systems (24%), mobile safety apps (20%), and panic buttons (19%). However, current implementation of these technologies remains low, with only 10-15% of stores having them in place.
Motorola Solutions released a U.K. Retail Worker Safety Report based on a YouGov survey of over 1,000 retail workers, highlighting significant safety concerns ahead of the holiday season. The survey reveals that 56% of workers witnessed petty theft, 31% encountered organized crime rings, and 50% experienced hostile customer interactions in the past year.
Four in ten workers express concern for their personal safety during the festive shopping season, with almost half feeling less safe during evening shifts. The report emphasizes the role of technology in enhancing safety, with 28% of workers favoring panic buttons, while 70% believe body cameras effectively de-escalate dangerous situations.
Motorola Solutions' 2024 U.S. Retail Worker Safety Report reveals significant safety concerns among retail workers ahead of the holiday season. 57% of retail workers feel unsafe, with many experiencing increased crime rates including petty theft (66%), grab and runs (48%), and hostile customer interactions (46%). Over 65% expect holiday understaffing, affecting safety perceptions. Emergency calls to stores have increased, with 20% reporting weekly calls to first responders. Workers identified access control systems (35%), license plate readers (32%), and panic buttons (32%) as potential safety measures, though few stores currently have these technologies implemented.
Motorola Solutions (MSI) announced a 7-year contract worth £29.5 million with the Scottish Fire and Rescue Service (SFRS) to implement a cloud-hosted Control Room Solution across Scotland's operational control centers. The technology will enhance SFRS's operational capabilities, improve country-wide collaboration, and accelerate emergency response times. The system will be deployed across all three operation centers in Edinburgh, Dundee, and Johnstone, which coordinate responses for 356 fire stations. The contract includes an option for a 3-year extension.
Motorola Solutions (MSI) reported strong Q3 2024 results with sales reaching $2.8 billion, up 9% year-over-year. The company achieved record Q3 revenue, earnings, and cash flow. Products and Systems Integration sales increased 11%, while Software and Services sales grew 7%. GAAP EPS rose 22% to $3.29, and Non-GAAP EPS increased 17% to $3.74. Operating cash flow improved to $759 million. Following these results, Motorola Solutions raised its full-year 2024 guidance, now expecting revenue growth of 8.25% and Non-GAAP EPS between $13.63 and $13.68 per share.
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