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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.
The Motorola Solutions Foundation, in partnership with Calculated Genius, awarded $100,000 in scholarships to 40 students from underserved Chicagoland communities pursuing technology and engineering degrees. Each scholarship provides $3,000 for the first year and $2,500 each subsequent year for up to four years. Recipients also receive mentorship and internship opportunities from Motorola Solutions. The students, many of whom are women and first-generation college students, were recognized at a special ceremony in Chicago. The program aims to enhance diversity and inclusion in engineering and technology fields.
Motorola Solutions (NYSE: MSI) announced that Police Scotland will deploy 10,500 VB400 body cameras to front-line officers. The £13.3 million (~$16 million) investment aims to enhance transparency, accountability, and public safety.
A public consultation revealed that 81% of 9,000 respondents believe body cameras will boost public confidence. Deputy Chief Constable Jane Connors highlighted their potential to improve evidence quality and expedite justice.
The VB400 cameras capture high-quality video and audio, with footage securely stored in VideoManager. Police Scotland joins other global law enforcement agencies using Motorola's technology.
Motorola Solutions (NYSE: MSI) announced that its Avigilon Unity on-premise video security suite has been added to the Department of Defense’s Information Network Approved Products List (DoDIN APL). This certification ensures that the suite meets the highest standards for data security and interoperability. The suite provides advanced video security solutions for defense, intelligence, and federal law enforcement agencies, aiding in the protection of essential assets and military personnel. This certification streamlines the procurement and deployment process across global agency networks. The Avigilon Unity suite includes cameras, software, and network video recorders that can be configured for Federal Information Processing Standard (FIPS) 140-2 compliance. The suite joins Motorola Solutions’ WAVE Tactical interoperable communication and broadband push-to-talk solution, which also received DoDIN APL certification in 2023.
Motorola Solutions (NYSE: MSI) is emphasizing the purposeful use of AI in public safety during Fast Company’s Most Innovative Companies Summit in New York. The company aims to revolutionize safety and security by leveraging AI. Key speakers include Mahesh Saptharishi, Motorola's CTO, alongside notable experts like retired U.S. Army Brigadier General Patrick Huston and University of Pennsylvania professor Michael Kearns. Motorola Solutions invested $858 million in R&D in 2023, holding around 6,560 patents, to advance AI technologies that can significantly reduce 9-1-1 response times, potentially saving 10,000 lives annually in the U.S.
Motorola Solutions has been named to the Women Tech Council's 2024 Shatter List, recognizing companies that promote equality in the tech industry. This accolade highlights Motorola's efforts to break the glass ceiling for women by removing career advancement barriers. The Shatter List evaluates companies on four criteria: executive engagement, leadership initiatives, community investment, and formal internal programs. Motorola's inclusion underscores the impact of its initiatives and dedication to fostering an inclusive culture. This recognition celebrates the contributions of women at Motorola and their role in driving innovation and success.
Motorola Solutions (NYSE: MSI) has announced its board of directors has approved a regular quarterly dividend of 98 cents per share. This dividend will be paid in cash on July 15, 2024, to shareholders who are on record by the close of business on June 14, 2024.
Greg Brown, Chairman and CEO of Motorola Solutions (NYSE:MSI), will participate in the J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference on May 20, 2024, at 9:20 a.m. EDT.
Motorola Solutions is a global leader in public safety and enterprise security. The event will feature a live webcast and replay of the fireside chat, accessible on Motorola Solutions' Investor Relations website. This participation underscores Motorola's ongoing engagement in the technology, media, and communications sectors.
Motorola Solutions reported strong financial results for Q1 2024, with sales of $2.4 billion, up 10% from the previous year. The company raised its full-year revenue and earnings outlook based on its performance. GAAP EPS was ($0.23), but non-GAAP EPS was $2.81, up 27% year-over-year. Operating cash flow reached $382 million, and the ending backlog was $14.4 billion. Credit ratings were upgraded to BBB by S&P and Fitch. The company acquired Silent Sentinel during the quarter.
Mahesh Saptharishi, executive vice president of Motorola Solutions, discussed how AI and human-centered technologies are simplifying emergency response at the Summit 2024 conference. The event highlighted how technology can enhance public safety, reduce complexity, and optimize performance for first responders. Key topics included utilizing AI for voice transcription, real-time analysis centers, staff retention issues, and leveraging technology to improve emergency response and operations.
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