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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Inseego Corp    INSG

INSEEGO CORP

(INSG)
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Inseego : Rugged Skyus 500 Router Named IIoT Product of the Year

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07/10/2019 | 08:36am EDT

Industry’s most versatile industrial IoT router, purpose-built for harsh conditions, features gigabit LTE-A Pro connectivity and future-ready design

The Skyus 500 gigabit IIoT 4G LTE-Advanced edge router by Inseego Corp. (Nasdaq: INSG), a pioneer in 5G and intelligent IoT device-to-cloud solutions, has been named “Industrial IoT Product of the Year” by IoT Evolution, earning a respected award as of one of the best, most innovative products powering the Industrial Internet of Things (IIoT).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190710005164/en/

©2019 Inseego Corp. Skyus Family of 4G LTE-Advanced Edge Routers (Skyus 300/500) (Graphic: Business Wire)

©2019 Inseego Corp. Skyus Family of 4G LTE-Advanced Edge Routers (Skyus 300/500) (Graphic: Business Wire)

“We’re honored that IoT Evolution has recognized the excellence of our durable, flexible IIoT 4G LTE-Advanced edge routers,” said Ashish Sharma, Inseego CMO and EVP IoT & Mobile Solutions. “The Skyus portfolio is engineered to meet the demands of first responder fleets, military, transportation, smart agriculture, and countless other customers who require the very best wireless connectivity products. That’s what we design and deliver.”

Unmatched performance and versatility

The Skyus 500 is the only full-featured IIoT router that enables LTE-Advanced Pro peak speeds of up to 1.2 Gbps, best-in-class security, Power over Ethernet (PoE), WiFi, Bluetooth, and industrial-grade design. Its flexible, future-proof architecture also provides an easy path to 5G NR. The family includes a compact and configurable option, the Skyus 300, ideal for space-constrained applications.

The Skyus family of IIoT routers is powered by Inseego’s MiFi® iQ technology platform, which combines enterprise-grade security with innovative antenna design and algorithms optimized for different use cases.

Solis Energy, a manufacturer and provider of outdoor power systems for the industrial automation and control, transportation, telecommunication, security, and government markets, uses the configurable model in the Skyus 300, which is their most recent partner solution with Axis Communications, the global leader in network video.

“We’re committed to providing reliable, innovative, and flexible solutions for customers to take control of their outdoor power requirements. Our latest partner solution for critical monitoring applications includes Axis’ rugged outdoor surveillance system for remote deployments that operate in challenging environments — near pipelines, flare stacks and power grid substations — so we need routers that can withstand harsh conditions and send video reliably,” said Robert Reynolds, President at Solis Energy. “The Skyus routers and Axis’ surveillance cameras have answered the call and the integration has been flawless.”

Swiss Army Knife® functionality and “bullet-proof” design

With a rugged design that conforms to IP64 and MIL-STD 810G military-grade specifications, the Skyus 500 and 300 are built for maximum reliability in demanding environments. Power over Ethernet (PoE) simplifies complex deployments by delivering a power source for external devices that require a network connection, such as camera systems.

“It is my pleasure to recognize the Skyus 500, an innovative solution that earned Inseego the 2019 Industrial IoT Product of the Year Award,” said Rich Tehrani, CEO, TMC. “I look forward to seeing more innovation from Inseego in the future.”

To learn more about Skyus gateways and routers, please visit https://www.inseego.com/iot-gateways/.

To schedule an interview with an Inseego executive, please contact Inseego@GoDriven360.com.

About Inseego Corp.

Inseego Corp. (Nasdaq: INSG) enables high performance mobile applications for large enterprise verticals, service providers and small-medium businesses around the globe. Our product portfolio consists of IoT Cloud solutions and IoT & Mobile solutions, which together form the backbone of compelling, intelligent, reliable and secure IoT services with deep business intelligence. Inseego powers mission critical applications with a “zero unscheduled downtime” mandate, such as asset tracking, fleet management, industrial IoT, SD WAN failover management and mobile broadband services. Our solutions are powered by our key innovations in purpose-built SaaS cloud platforms, IoT and mobile technologies including the newly emerging 5G technology. www.inseego.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This 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.

©2019. Inseego Corp. All rights reserved. The Inseego name and logo, Skyus, and MiFi are registered trademarks of Inseego Corp. Other Company, product or service names mentioned herein are the trademarks of their respective owners.


© Business Wire 2019
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Financials (USD)
Sales 2019 229 M
EBIT 2019 4,97 M
Net income 2019 -33,2 M
Debt 2019 125 M
Yield 2019 -
P/E ratio 2019 -9,68x
P/E ratio 2020 -29,4x
EV / Sales2019 1,95x
EV / Sales2020 1,51x
Capitalization 321 M
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Dan Mondor Chairman, President & Chief Executive Officer
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Stephen M. Smith Chief Financial Officer & Executive VP
Robert M. Pons Independent Director
Jeffrey M. Tuder Independent Director
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