Core Insights - Inseego Corp. has appointed Lawrence Hau as Chief Supply Chain Officer and Zack Kowalski as Senior Vice President of Business Development to enhance its supply chain and channel expansion strategies [1][2][3] Group 1: Leadership Changes - Lawrence Hau will oversee end-to-end procurement and supply chain functions, focusing on improving global supply chain agility and resilience [2][3] - Zack Kowalski will lead business development for non-carrier-direct channels, including value-added resellers, distributors, OEMs, and managed service providers [2][3] Group 2: Strategic Objectives - The addition of seasoned leaders is part of Inseego's transformation strategy to strengthen product innovation, go-to-market capabilities, and supply chain management [2][3] - Exceptional supply chain management is viewed as a strategic competitive advantage for Inseego, especially in navigating evolving industry dynamics [3] Group 3: Leadership Backgrounds - Lawrence Hau brings over 20 years of experience in global procurement operations, previously serving as Chief Procurement Officer at Vantiva and an advisor at Bain & Company [3][4] - Zack Kowalski has over 17 years of experience in building strategic partnerships and business operations, previously transforming Kajeet into a leading IoT service provider [4][5] Group 4: Company Vision - Inseego aims to leverage its investment in the Inseego Connect cloud management platform to create new services and optimize business operations for its customers [5][6] - The company positions itself to capitalize on the shift towards wireless communications, aiming to become a leading provider of wireless broadband solutions worldwide [5][6]

Group 1 - Inseego Corp. has been selected for preliminary inclusion in the Russell 2000 Index, which is expected to enhance the company's visibility among institutional investors and index funds [1][2] - The inclusion is seen as a significant milestone and validation of the company's progress under the leadership of CEO Juho Sarvikas, who emphasizes the importance of broadening institutional awareness [3] - Inseego is actively investing in its fixed wireless access (FWA) and mobile broadband business, while also expanding its software platforms to provide comprehensive cloud-managed connectivity solutions [3] Group 2 - The Russell 2000 Index includes the smallest 2,000 companies from the broader Russell 3000 Index and serves as a benchmark for small-cap U.S. equities [2] - Membership in the index is determined annually and will transition to a semi-annual reconstitution schedule starting in 2026, with updates occurring in June and November [4]

Core Viewpoint - Inseego Corp. is positioning itself as a leader in the wireless broadband market, particularly in 5G solutions, and is focusing on its strategic transformation into an enterprise solutions provider [1][2]. Group 1: Company Strategy and Growth - Inseego management will discuss the company's strategic transformation and long-term growth trajectory at upcoming investor conferences [2]. - The company is evolving into an enterprise solutions provider by combining wireless hardware with cloud-managed software and services [2]. - Key growth drivers include deepening engagements with Tier 1 carriers and MSOs, as well as expanding its Fixed Wireless Access (FWA) and MiFi portfolios [2]. Group 2: Financial Position and Market Demand - Inseego is backed by strong gross margins and a streamlined capital structure, positioning it to scale profitably [2]. - The company aims to capitalize on the growing demand for high-performance, software-defined wireless connectivity [2]. Group 3: Company Overview - Inseego Corp. is recognized as the industry leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB customers [3]. - The company's 5G Edge Cloud integrates advanced 5G technology with cloud networking features and intelligent edge applications [3]. - Inseego enhances business outcomes by connecting distributed sites and workforces while securing enterprise data over a 5G network [3].

Core Viewpoint - Inseego Corp. has successfully completed a significant milestone in its capital structure management by paying off approximately $15 million in convertible notes due 2025, which contributes to a substantial reduction in the company's overall debt [1][2]. Debt Management - The pay-off of the 2025 Convertible Notes marks a key initiative to materially reduce the company's debt, with total debt reduced by over $100 million, or approximately 75%, over the past 12 months [2]. - Following the pay-off, Inseego has approximately $40.9 million in outstanding debt from its new senior 9.0% secured notes due in 2029 [1]. Financial Guidance - The company has confirmed that there is no change to its financial guidance for the first quarter of 2025, which ended on March 31, 2025, and will report its financial results on May 8, 2025 [2]. Company Overview - Inseego Corp. is recognized as a leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB customers with its 4G, 5G, and cloud platforms [3]. - The company's 5G Edge Cloud integrates advanced 5G technology with cloud networking features and intelligent edge applications, enhancing business operations and securing enterprise data [3].

Inseego delivers the resilient and high-performance solutions today’s first responders need to keep the public safeSAN DIEGO, April 22, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG), a global leader in wireless broadband, including 5G mobile broadband, and 5G fixed wireless access (FWA) solutions, today announced that four of its industry-leading products have earned the "Verizon Frontline-Verified" designation. This recognition demonstrates that Inseego’s solutions provide the reliability and perfo ...