Deal marks first in a series of projects targeting Fortune 500
enterprise IoT customers looking to improve operational
efficiencies by securely digitizing their businesses
Inseego Corp. (Nasdaq: INSG), the global leader in
software-as-a-service (SaaS) business intelligence solutions,
Internet of Things (IoT) and mobile technology, and Sprint (NYSE:
S) today announced a new strategic partnership designed to deliver
highly specialized IoT solutions for large enterprise verticals.
The partnership has already resulted in a project to deploy its
Ctrack asset tracking SaaS solution with a leading U.S. based
airline operator.
IDC Research(1) projects that by
2021, global IoT spending is expected to total nearly $1.1 trillion
as enterprise organizations continue to invest in the hardware,
software, services, and connectivity that enable the IoT. An
analysis released earlier this year indicates that airport
facilities automation alone will experience a 33% CAGR. The IoT
will be a fundamental enabler for a wide range of operational
improvements within airports from preventative maintenance of
Ground Support Equipment (GSE) to an overall better passenger
experience. GSEs represent a growing market with a projected
valuation of $25B by 2022 (2), in which each asset will require
connectivity as the digital transformation continues to evolve.
Under the terms of the partnership, the two companies will
collaborate on the development of specialized solutions for
Sprint’s Enterprise IoT accounts. The solutions securely automate
workflows for asset management and monitoring applications within
asset-intensive industries. The target industry verticals include
Aviation, Transportation, Logistics, and Manufacturing. A study
conducted by Forrester and SAP shows two-thirds of companies in
these sectors are using or planning to use IoT-enabled asset
monitoring solutions.
“We’re thrilled to partner with Sprint as we launch this new
strategic relationship. Our common goal is to help large
enterprises automate business processes with secure and specialized
IoT solutions that enable data-driven decision making,” says Dan
Mondor, CEO of Inseego Corp. “The opportunity for Enterprise IoT is
now and Inseego’s solutions for specific Industrial applications
are designed from the ground up to optimize asset utilization and
business processes. We envision the partnership to evolve to
include Inseego’s next gen IoT devices and business intelligence
cloud platforms powered by 5G broadband technology. Smart city,
industrial automation, massive machine connectivity, and
self-driving cars have a common requirement – 5G for gigabit speed
connectivity that is ultra-reliable and low latency. The timing of
Inseego and Sprint combining forces in a long-term partnership
couldn’t be better.”
“The time to elevate operational efficiencies and reduce costs
with real-time connected IoT technologies is here, and Sprint has
been at the forefront of powering that revolution, said Jan
Geldmacher, president,” Sprint Business. “Our collaboration with
Inseego enables us to deliver unique, customizable solutions to our
customers dealing with high-value assets within complex ecosystems
that can be constrained by lack of visibility. The powerful
combination of our network spectrum resources, IoT technologies,
and our relationship among the SoftBank Group of companies, coupled
with our dedication to deliver immense support through a single
point of contact provides customers with a unique solution.”
IoT-enabled secure asset monitoring solutions track a variety of
physical assets: human and non-human, moving and stationary,
on-premise or remote. Inseego’s solution lets organizations manage
the location of the asset, the condition of the asset and lifecycle
of the asset. Also, it provides intelligence to automate workflows,
real-time alerts and visibility, insights from data, dynamic edge
control of assets, predictive and preventative maintenance,
cross-domain analytics, even ERP integration across multiple
organizations, all powered by the Sprint IoT network.
To learn more about airport solutions by Inseego:
https://www.inseego.com/amsterdam-airport-schiphol/
For more information, visit Sprint and Inseego at CES in Las
Vegas, January 9 – 12, 2018
Cited References:1) IDC Press Release, “IDC Forecasts Worldwide
Spending on the Internet of Things to Reach $772 Billion in 2018,”
December 7, 2017
IDC Press Release, “Worldwide Spending on the Internet of Things
Forecast to Reach Nearly $1.4 Trillion in 2021,” June 14, 2017
2) Markets and Markets Report Description, “Ground Support
Equipment Market by Type (Electric, Non-Electric, Hybrid),
Application (Passenger Service, Commercial & Military Cargo,
Aircraft Service), End Use (Commercial, Defense), Component
(Equipment, MRO), and Region - Global Forecast to 2022,” July
2017
About Inseego Corp.Inseego Corp. (Nasdaq: INSG), the
global leader in software-as- a-service (SaaS) business
intelligence solutions, Internet of Things (IoT) and mobile
technology, is transforming business mobility through its broad
portfolio of solutions. We enable a wide array of applications for
worldwide enterprise and SMB markets with our asset tracking and
carrier activation solutions. Inseego’s high-performance Skyus
modems and gateways, and MiFi branded intelligent mobile devices
power a wide array of consumer, SMB and mission critical enterprise
applications with a “zero unscheduled downtime” mandate - including
industrial IoT, SD WAN failover management and broadband mobile
WiFi hotspots. Inseego is headquartered in San Diego, California
with offices worldwide. www.inseego.com Twitter @inseego
About SprintSprint (NYSE: S) is a communications services
company that creates more and better ways to connect its
customers to the things they care about most. Sprint served 54
million connections as of Sept. 30, 2017 and is widely recognized
for developing, engineering and deploying innovative technologies,
including the first wireless 4G service from a national carrier in
the United States; leading no-contract brands including Virgin
Mobile USA, Boost Mobile, and Assurance Wireless; instant national
and international push-to-talk capabilities; and a global Tier 1
Internet backbone. You can learn more and visit Sprint at
www.sprint.com or www.facebook.com/sprint and
www.twitter.com/sprint.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSThis
release may contain forward-looking statements, which are made
pursuant to the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995, as amended to date. These
forward-looking statements involve risks and uncertainties. A
number of important factors could cause actual results to differ
materially from those in the forward-looking statements contained
herein. These factors include risks relating to technological
changes, new product introductions, continued acceptance of
Inseego’s products and dependence on intellectual property rights.
These factors, as well as other factors that could cause actual
results to differ materially, are discussed in more detail in
Inseego’s filings with the United States Securities and Exchange
Commission (available at www.sec.gov) and other regulatory
agencies.
©2018. Inseego Corp. All rights reserved. The Inseego name and
logo are trademarks of Inseego Corp. Other Company, product or
service names mentioned herein are the trademarks of their
respective owners.
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Media Contact:Anette Gaven, +1 (619)
993-3058Anette.Gaven@inseego.comorInvestor Relations
Contact:Stephen Smith, +1 (858)
247-2149Stephen.Smith@inseego.comwww.inseego.com
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