FRANKLIN WIRELESS Business Summary

Franklin Wireless Corp (FKWL) generates revenue primarily through the design and sale of intelligent wireless hardware, including 5G/4G LTE mobile hotspots, fixed wireless routers, and IoT tracking devices, supplemented by recurring software-as-a-service (SaaS) revenue from its JEX cloud management platform. The company’s business is structured into two primary segments: Mobile Broadband, which provides high-speed data solutions for telecommunications carriers and enterprise clients, and IoT/M2M Solutions, which focuses on device-to-device connectivity and remote management tools. FKWL operates in a highly competitive landscape alongside major players such as Inseego Corp., Netgear, Inc., and Semtech (following its acquisition of Sierra Wireless). Within this market, Franklin Wireless distinguishes itself as a specialized, agile provider that maintains deep integration with Tier 1 carriers, positioning itself as a cost-effective alternative to larger incumbents while pivoting toward high-margin device management software for the education and enterprise sectors. The leadership team is anchored by co-founder OC Kim, who serves as President and Chief Executive Officer and has been the driving force behind the company’s strategic direction since its inception. Kim brings over 30 years of experience in the wireless industry, particularly in the development and commercialization of CDMA and LTE technologies. He is supported by David Hunt, Vice President of Sales and Operations, who leads the company’s critical carrier relationships and global distribution strategies. The board of directors features industry veterans such as C.J. Meurell, whose background in wireless infrastructure provides strategic oversight for the company’s expansion into 5G and enterprise IoT. Franklin Wireless is characterized by high insider ownership and strategic institutional backing, reflecting a leadership structure that prioritizes long-term engineering stability and niche market penetration.