For media inquiries, please contact: marketing@franklinaccess.com SAN DIEGO, April 01, 2025 (GLOBE NEWSWIRE) -- Franklin Access, a leading provider of integrated wireless solutions, has unveiled its latest product, the Seiona – RT410S, at the Channel Partners Conference in Las Vegas. The Seiona – RT410S delivers secure, stable, and reliable connectivity for a wide range of edge applications, expanding Franklin's product offerings into the multi-billion-dollar IoT market. Designed for industries such as digi ...

SAN DIEGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Franklin Wireless Corp. (NASDAQ: FKWL) announces the appointment of Ira Greenstein to the Company’s Board of Directors, effective February 17, 2025. “We are pleased to welcome Ira Greenstein to the Company’s Board of Directors,” said OC Kim, President and CEO of Franklin Wireless. “Ira’s extensive legal, corporate, and government experience brings a new depth of knowledge, critical skills in strategic decision-making and governance to the board.” Mr. Greenstein i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-14891 FRANKLIN WIRELESS CORP. (Exact name of Registrant as specified in its charter) Nevada (State or other jurisdict ...

Core Insights - Franklin Access has successfully funded a joint venture named Sigbeat to develop 4G/5G modules and AI-powered solutions [1] - Sigbeat will focus on designing, marketing, and certifying advanced 4G/5G modules with on-device AI capabilities [2] - The joint venture aims to enhance security, image processing, and video streaming functionalities while reducing reliance on cloud computing [2][3] Company Overview - Franklin Access specializes in integrated connectivity solutions utilizing 4G LTE and 5G technologies [5] - The company provides mobile device management (MDM), network management solutions (NMS), and innovative wireless products [5] Joint Venture Details - Sigbeat will leverage technological expertise from its partners and Franklin Access's leadership in wireless solutions [3] - The modules will combine edge computing with multi-network capabilities to enhance customization and efficiency for various industries [3][4] - Sigbeat aims to deliver reliable and future-ready connectivity through scalable and customizable designs [4]

SAN DIEGO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Franklin Access is pleased to announce a significant legal victory in its shareholder litigation, "In re Franklin Wireless Corp. Derivative Litigation", Case No. 21-cv-1837-BEN-MSB. On December 19th, 2024, following an 8-day jury trial, the U.S. District Court for the Southern District of California determined that the actions of the Franklin Wireless officers and directors during the relevant time period resulted in only nominal damage to the company. Plaintiffs ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-------------------------------------------------------------------------------------|---------------------------------|--------------------------------------- ...

Financial Performance - For the fiscal year ended June 30, 2024, total net sales were $30,796,690, a decrease of approximately 33% from $45,948,516 in fiscal 2023[10] - Net sales in North America were $30,699,727, down from $45,782,084, representing a decline of about 33%[10] - For the fiscal year ended June 30, 2024, net revenues from the two largest customers represented 68% and 23% of consolidated net sales, indicating a significant dependency on a small number of customers[33] - Net sales for the fiscal year ended June 30, 2024, totaled $30,796,690, a decrease of approximately 33% from $45,948,516 in 2023[10] - North America generated $30,699,727 in net sales, down from $45,782,084 in the previous year, reflecting a decline of about 33%[10] Asset Management - Long-lived assets decreased to $1,424,565 from $2,281,972, a reduction of approximately 37.5%[10] - Long-lived assets decreased from $2,281,972 in June 30, 2023, to $1,424,565 in June 30, 2024, representing a reduction of approximately 37.5%[10] Product Development and Innovation - The company is focused on developing 5G and 4G LTE wireless solutions, including mobile hotspots and fixed wireless routers[11] - New product developments include a 4G/5G M2M Gateway and on-device AI capabilities for enhanced IoT applications[13] - Future product development includes a 4G/5G M2M Gateway and on-device AI capabilities for enhanced IoT applications[13] Market and Competition - The wireless broadband data access market is highly competitive, requiring continuous investment in R&D and marketing[25] - The market for the company's products is rapidly evolving and highly competitive, posing challenges in maintaining market acceptance and customer relationships[29] Operational Risks - The company experiences long lead times for product deliveries, often exceeding 45 days, which may lead to customer loss to competitors with faster delivery times[35] - The company operates in a volatile hardware and software design industry, with risks including latent design flaws and manufacturing defects that could impact product performance[28] - The company relies on collaborative arrangements for product development and commercialization, which are critical for maintaining market presence[32] - The company relies on independent manufacturers in Asia for the majority of its product production[20] - The company relies on third-party manufacturers and sole source suppliers, exposing it to risks related to supply chain disruptions and component availability[39] Financial Strategy and Risks - The company may seek additional financing for product development, which could dilute existing stockholder ownership[22] - The company is exposed to potential tariffs of 10%-25% on the purchase price if international tariff exemptions change, which could adversely affect sales and operating results[36] - The company faces risks related to international operations, including credit management, regulatory changes, and potential adverse tax consequences[35] - International operations expose the company to political, economic, and currency exchange risks that could materially affect financial results[43] - The company may engage in acquisitions or divestitures, which could adversely impact financial condition and require significant charges to earnings if goodwill becomes impaired[44] Shareholder Considerations - The company's share price has been highly volatile and may continue to be influenced by various factors, including financial reporting and market conditions[46] - The share price has been highly volatile and may continue to be influenced by market manipulation and concentrated ownership[46] - The company does not intend to pay dividends, making stock price appreciation the primary return on investment for shareholders[46] - Fluctuations in quarterly operating results may lead to volatility in stock price, affecting investor confidence and market perception[47] Regulatory Environment - The company has obtained necessary regulatory approvals for current products but may face challenges in obtaining timely approvals for future products[37] - Regulatory approvals are mandatory for products, and delays in obtaining these approvals could hinder future product sales[37]

SAN DIEGO, June 19, 2024 (GLOBE NEWSWIRE) -- Franklin Access, a leading provider of integrated wireless solutions, has agreed to invest $3 million in a joint venture module business. The new joint venture will customize, market, and develop various 4G/5G mobile broadband modules and work to bring in a new era of module innovation from 4G/5G Android on-device AI modules. On-device AI offers several advantages, including improved privacy, faster response, reduced dependence on internet connectivity, and enhan ...

Core Perspective - Franklin Wireless has rebranded itself as Franklin Access to better reflect its mission of providing global connectivity solutions [2][4] Company Overview - Franklin Access focuses on delivering integrated wireless solutions that emphasize reliability, speed, and accessibility for both home and business networks [4] - The company specializes in leveraging 4G LTE and 5G technologies to design connectivity solutions suitable for the digital age [6] Strategic Move - The rebranding is seen as a strategic move to enhance customer satisfaction through innovative network solutions and user-friendly products [2][4] - The transition to Franklin Access will not impact ownership, management, or operations, and the company will continue to be listed on NASDAQ under the symbol FKWL [2] Online Presence - The launch of FranklinAccess.com consolidates all Franklin Access brands into a single online platform, enhancing the company's digital presence [5] Commitment to Service - The company remains dedicated to exceptional service and aims to empower users with seamless network integration across multiple devices [4][6]

Franklin Access focuses on reliability, speed, and accessibility for modern home and business network demands. We empower users with seamless network integration on multiple devices at home, traveling, and even managing IoT systems. We will push the boundaries of network solutions with our customers as the core of everything we do. The rebranding to Franklin Access also brings a unified online presence with the launch of FranklinAccess.com, a website that consolidates all Franklin Access brands into one con ...