SAN DIEGO, May 25 /PRNewswire-FirstCall/ — Franklin Wireless Corp. (OTC Bulletin Board:FKWL.ob – News) (https://www.franklinwireless.com/), the market leader in dual-mode WiMAX/CDMA modems for 3G and 4G wireless broadband data communications, and Samsung Electro-Mechanics Co., Ltd, one of the world’s largest manufacturers of advanced electronics components, today announced the signing of a manufacturing agreement for broadband modules. Under the terms of the agreement, Samsung will manufacture and supply Franklin Wireless with a new broadband module, which will be a key component for the company’s dual-mode 3G/4G USB modems in the near future. The contract was signed recently by Franklin Wireless President OC Kim and Samsung Electro-Mechanics Co., Ltd Senior Vice President H.B. Lee.
“Franklin Wireless is pleased to announce that Samsung will be an important component manufacturer for our industry leading dual-mode USB modems,” stated OC Kim, co-founder and president of Franklin Wireless. “Samsung’s commitment to quality is unsurpassed in the industry and we are confident that they will provide our company with the most technologically advanced, reliable and cost effective component solutions available today and well into the future.”
Senior Vice President H.B. Lee of Samsung Electro-Mechanics said, “We are pleased to be partnering with Franklin Wireless, and feel that this contract represents the beginning of a solid and productive business relationship between our two companies.”
About Samsung Electro-Mechanics Co., Ltd
Samsung Electro-Mechanics is the electronic component manufacturer that has continued to develop and manufacture core electronic components since its foundation in 1973. We pioneered the technological framework for Korean production of A/V components in the 1970s, and diversified into materials and computer components in the 1980s. In the early 1990s, our focus was on manufacturing promising products such as chip components, MLB (multi-layer board), mobile communication components and optical ones. Since the late 1990s, we have expanded our operation into the production of digital components with high-frequency, software, engineering and design technologies. We have positioned ourselves as a leading electronic components maker at home and abroad.
As a global player, Samsung Electro-Mechanics will continue to expand worldwide manufacturing and sales operations and establish a global supply chain to ensure high customer satisfaction by offering the shortest delivery time based on local production and sales.
Samsung Electro-Mechanics is headquartered in Suwon, South Korea. For additional information, please visit http://www.sem.samsung.com/
About Franklin Wireless
Franklin Wireless Corp. (OTC:FKWL.OB.ob – News) is engaged in the design, manufacture and sale of high speed wireless data products including third generation (“3G”) and fourth generation (‘4G”) modems, routers and modules. Our current products are focused on widely deployed cellular technologies including CDMA EVDO Rev A, HSPA, WiMAX and LTE. We were the world’s first supplier of both CDMA EVDO Rev A and dual-mode (CDMA EVDO Rev A/WiMAX) Universal Serial Bus (USB) modems. Franklin’s other products include Wi-Fi “hotspot” routers (which operate over WiMAX or CDMA networks) and wireless modules that are generally sold to original equipment manufacturers (OEMs). Our company’s primary customers are wireless carriers who seek innovative, reliable and cost effective technology solutions for their subscribers. Our customer base extends from the United States to South America and the Caribbean.
Franklin Wireless is headquartered in San Diego, California and has a majority ownership position in Diffon Corporation, a research and development facility located in Seoul, South Korea. Diffon provides design, development and manufacturing services to Franklin for its wireless data products. For additional information, please visit https://www.franklinwireless.com/. .
Safe Harbor Statement:
Certain statements in this press release constitute “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements.
Lora Friedrichsen or Kate Mossbarger
Global Results Comms (GRC)
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