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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, Inc. (NYSE: MSI) has declared a quarterly dividend of 71 cents per share. The dividend will be payable on October 15, 2021, to shareholders recorded by the close of business on September 15, 2021. This decision reflects the company's commitment to return value to its shareholders while maintaining its leadership in public safety and enterprise security solutions.
Motorola Solutions (NYSE: MSI) has opened a new Network and Security Operations Centre (NSOC) in Gatineau, Canada, dedicated to supporting public safety communication systems. This facility will enhance cybersecurity measures for Canada’s first responders, providing services such as 24/7 threat detection and vulnerability assessments. The NSOC adheres to Canadian cybersecurity standards and will be staffed by experts to ensure system integrity. This marks Motorola's ninth global operations centre, reinforcing its commitment to the safety and security of Canadian communities.
Motorola Solutions reported impressive Q2 2021 earnings, with sales reaching $1.971 billion, a 22% increase year-over-year. GAAP operating earnings were $370 million, up 70% from Q2 2020. EPS soared 117% to $1.69. The company anticipates 10% revenue growth for Q3 and upgraded its full-year growth forecast to 9.5%-10%. Operating cash flow improved to $388 million, with free cash flow of $326 million. Backlog increased to $11.2 billion, reflecting strong demand in both segments.
Motorola Solutions (NYSE: MSI) has been selected by the National Health Service (NHS) England to deploy its VB400 body-worn video solution, aiming to enhance transparency and safety for frontline workers. Following successful trials, the implementation is accelerated across all ambulance trusts in England, moving three years ahead of the NHS Long Term Plan. The VB400 cameras provide extended battery life and are designed to deter violence while increasing accountability. This partnership underscores Motorola's commitment to improving public safety and supporting emergency responders.
Motorola Solutions (NYSE: MSI) will release its second-quarter 2021 earnings results on August 5 after market close. Following the earnings announcement, the company will conduct a conference call with financial analysts at 4 p.m. Central (5 p.m. Eastern) that will be available via live webcast. Motorola Solutions is a recognized leader in mission-critical communications and analytics, providing technologies that enhance public safety and operational security.
Motorola Solutions (NYSE: MSI) has introduced the Compass Decision Management System™, enhancing its video security and analytics portfolio. This system allows organizations to improve security responses by automating procedures and incident reporting while integrating with existing video management and access control systems. Compass aims to eliminate operational silos and streamline workflows to enhance safety and efficiency. The launch reflects Motorola's commitment to providing advanced technologies for better security outcomes.
Motorola Solutions (NYSE: MSI) has announced a definitive agreement to acquire Openpath Security Inc., a leader in cloud-based mobile access control. The completion of the transaction is expected by the end of the month, although financial terms have not been disclosed. This acquisition aims to enhance security solutions by integrating access control with video security, allowing businesses greater visibility and control over their entry points worldwide. CEO Greg Brown emphasized the critical need for security in today's environment, while Openpath CEO Alex Kazerani expressed excitement about future innovations.
Motorola Solutions (NYSE: MSI) has released its 2020 Corporate Responsibility Report, outlining achievements in environmental, social, and corporate governance (ESG) initiatives. Highlights include an 8.1% reduction in Scope 1 and 2 carbon emissions, $13.5 million in cash donations during the pandemic, and commitments to diversity and inclusion. Recognized by various organizations for excellence, the report emphasizes the company's dedication to community support and employee welfare amid COVID-19 challenges.
Motorola Solutions (NYSE: MSI) has launched the CommandCentral suite, a cloud-native, end-to-end command center software for public safety. Designed based on extensive customer feedback, this suite integrates data from 911 call handling, dispatch, and analytics in real-time for enhanced decision-making. CommandCentral eliminates information silos, ensuring immediate access to incident data across various applications, improving collaboration among public safety personnel. This suite marks a significant advancement in streamlining workflows and enhancing situational awareness during emergencies.
Motorola Solutions (NYSE: MSI) has introduced its Concealed Weapon Detection (CWD) system in collaboration with Evolv Technologies. This innovative solution utilizes advanced sensors and AI to identify concealed weapons, allowing up to 3600 visitors per hour to pass without manual checks. Alerts are sent to security personnel via the Avigilon Control Center for immediate response. The CWD can be adjusted for sensitivity based on facility needs, enhancing safety measures. The product is now available in North America, reflecting Motorola's commitment to advancing security technology.
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