Deal marks first in a series of projects targeting Fortune 500
enterprise IoT customers looking to improve operational efficiencies by
securely digitizing their businesses
SAN DIEGO--(BUSINESS WIRE)--Jan. 8, 2018--
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 Sprint
Sprint (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.
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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
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the forward-looking statements contained herein. These factors include
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continued acceptance of Inseego’s products and dependence on
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that could cause actual results to differ materially, are discussed in
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Exchange Commission (available at www.sec.gov)
and other regulatory agencies.
©2018. Inseego Corp. All rights reserved. The Inseego name and logo are
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mentioned herein are the trademarks of their respective owners.
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Source: Inseego Corp.
Media Contact:
Anette Gaven, +1 (619) 993-3058
Anette.Gaven@inseego.com
or
Investor
Relations Contact:
Stephen Smith, +1 (858) 247-2149
Stephen.Smith@inseego.com
www.inseego.com
