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    CAMP   US1281261099

CALAMP CORP.

(CAMP)
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Delayed Nasdaq  -  04:00 2022-06-24 pm EDT
4.990 USD   -30.50%
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CalAmp Recognized for its Diverse Board by 50/50 Women on Boards™

05/05/2022 | 07:45am EDT

IRVINE, Calif., May 05, 2022 (GLOBE NEWSWIRE) -- CalAmp (Nasdaq: CAMP), a connected intelligence company that helps people and organizations improve operational performance with a data-driven solutions ecosystem, has been recognized as a “3+” company by 50/50 Women on Boards for having three or more women on its board of directors. Amal Johnson, Roxanne Oulman and Kirsten Wolberg hold positions on CalAmp’s board and comprise 38% of its eight members. Johnson is the Chair of the CalAmp Board of Directors and serves as a valued member of the company’s cybersecurity, and governance and nominating committees.

“I am proud to stand with my fellow female board members, for their contributions to CalAmp as a company and towards progress in diversity, equity and inclusion in business,” said Amal Johnson, Chair of CalAmp’s Board of Directors. “Successful companies with diverse boards like CalAmp demonstrate that when you have more voices and backgrounds at the table, it leads to new innovations, smarter decisions and better business outcomes.”

As of December 31, 2021, women hold 27% of the Russell 3000 Index company board seats, but only 8% of corporations (just 241) have gender-balanced boards. Founded in 2010, 50/50 Women on Boards is a nonprofit global education and advocacy campaign driving the movement toward gender balance and diversity on corporate boards. The organization’s goal is for women to hold 50% of corporate board seats of companies on the Russell 3000 Index by 2050 and for women of color to hold 20% of board seats. As early as 2017, CalAmp has been honored by 50/50 Women on Boards for gender diversity by having two or more women on its board of directors.

“Investors and contemporary leaders continue to make institutional decisions that reinforce the business advantages of diverse boards,” said Betsy Berkhemer-Credaire, CEO of 50/50 Women on Boards. “We are pleased to recognize CalAmp for prioritizing this business decision that benefits its shareholders, employees, customers and communities.”

About 50/50 Women on Boards (50/50WOB)
50/50 Women on Boards™ (50/50WOB), a nonprofit 501(c)3, is a leading education and advocacy campaign driving the movement toward gender balance and diversity on corporate boards. The campaign publishes its 50/50 Women on Boards Gender Diversity Index™ directory and research reports to track the gender composition of corporate boards on the Russell 3000 by board size, state, sector, and rating. Public awareness campaigns and educational programs produced by 50/50WOB include The Global Conversation on Board Diversity™; and Educational Workshops for women at various career levels, aspiring to serve on boards. For more information, visit: www.5050wob.com.

About CalAmp
CalAmp (Nasdaq: CAMP) is a connected intelligence company that leverages a data-driven solutions ecosystem to help people and organizations improve operational performance. We solve complex problems in transportation and logistics, commercial and government fleet, industrial equipment and consumer vehicle marketplaces by providing solutions that track, monitor and recover vital assets. The insights enabled by our cloud platform, applications and edge computing devices drive operational visibility, safety, efficiency, maintenance and sustainability. Headquartered in Irvine, California, CalAmp has over one million software and services subscribers and 10 million edge devices deployed worldwide. For more information, visit calamp.com, or LinkedIn, Facebook, Twitter, YouTube or CalAmp Blog.

CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, iOn Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

CalAmp Media InquiriesCalAmp Investor Inquiries50/50 WOB Media Contact
Edward LinLeanne K. SieversHeather McLaughlin
Merritt GroupShelton GroupNovel Public Relations
+1 240.994.3027+1 949.224.3874novelpublicrelations@gmail.com
lin@merrittgrp.com sheltonir@sheltongroup.com  

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2dc5174b-c0ec-4ad3-ad43-dfcfc9566141


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50/50 Women on Boards

50/50 Women on Boards
Source: CalAmp Corp.

2022 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2023 280 M - -
Net income 2023 -31,9 M - -
Net Debt 2023 90,5 M - -
P/E ratio 2023 -5,58x
Yield 2023 -
Capitalization 180 M 180 M -
EV / Sales 2023 0,97x
EV / Sales 2024 0,82x
Nbr of Employees 887
Free-Float 94,8%
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Last Close Price 4,99 $
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Managers and Directors
Jeffery R. Gardner President, Chief Executive Officer & Director
Kurtis J. Binder Chief Financial Officer & Executive Vice President
Amal M. Johnson Chairman
Anand Rau Chief Technology Officer & Senior Vice President
Nathan Lowstuter SVP-Global Supply Chain & Operations
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