Inseego Corp.
−Removed: is a leader in the design and development of fixed and mobile wireless solutions (advanced 4G and 5G NR), IIoT and cloud solutions for Fortune 500 enterprises, service providers, small and medium-sized businesses, governments, and consumers around the globe.
−Removed: Our product portfolio consists of fixed and mobile device-to-cloud solutions that provide compelling, intelligent, reliable and secure end-to-end IoT services with deep business intelligence.
−Removed: Inseego’s products and solutions, designed and developed in the U.S., power mission critical applications with a “zero unscheduled downtime” mandate, such as our 5G fixed wireless access (“FWA”) gateway solutions, 4G and 5G mobile broadband, IIoT applications such as SD WAN failover management, asset tracking and fleet management services.
−Removed: Our solutions are powered by our key wireless innovations in mobile and FWA technologies, including a suite of products employing the 5G NR standards, and purpose-built SaaS cloud platforms.
−Removed: We have been at the forefront of the ways in which the world stays connected and accesses information, protects, and derives intelligence from that information.
−Removed: With multiple first-to-market innovations across a number of wireless technologies, including 5G, and a strong and growing portfolio of hardware and software innovations for IIoT solutions, Inseego has been advancing technology and driving industry transformations for over 30 years.
−Removed: It is this proven expertise, commitment to quality, obsession with innovation and a relentless focus on execution that makes us a preferred global partner of service providers, distributors, value-added resellers, system integrators, and enterprises worldwide.
+Added: is a leader in the design and development of cloud-managed 5G wireless wide area network (WWAN) and intelligent edge solution.
+Added: Our portfolio is comprised of secure, high-performance, cloud-managed fixed and mobile WWAN modems, routers, and gateways;
+Added: enterprise networking software-defined edge (“SD EDGE”) solutions powered by our 5G WWAN portfolio that secures and prioritizes corporate network traffic;
+Added: and intelligent edge and telematics solutions with built-in artificial intelligence (“AI”) technology, created to improve business outcomes.
+Added: All of these products and solutions are designed and developed in the U.S.
+Added: and are used in mission-critical applications requiring the highest levels of security and zero unscheduled downtime.
+Added: These solutions support business applications such as enterprise networking, software-defined wide area network (“SD-WAN”) failover management, asset tracking, edge computing and artificial intelligence, fleet management, and other services.
+Added: Inseego has been at the forefront of the ways in which the world stays connected and accesses information, protects, and derives intelligence from that information.
+Added: With multiple first-to-market innovations across a number of wireless technologies, including 5G, and a strong and growing portfolio of hardware and software innovations for enterprise solutions, Inseego has been advancing technology and driving industry transformations for over 30 years.
+Added: It is this proven expertise, commitment to quality, obsession with innovation and relentless focus on execution that makes us a preferred global partner of service providers, distributors, value-added resellers, system integrators, and enterprises worldwide.
Inseego Corp.
is a Delaware corporation formed in 2016 as the successor to Novatel Wireless, Inc., a Delaware corporation formed in 1996, resulting from an internal reorganization that was completed in November 2016.
−Removed: Our principal executive office is located at 12600 Deerfield Parkway, Suite 100, Alpharetta, GA 30004, our corporate offices are located at 9710 Scranton Road, Suite 200, San Diego, CA 92121 and our sales and engineering offices are located throughout the world.
+Added: Our principal executive office as well as our corporate offices are located at 9710 Scranton Road, Suite 200, San Diego, CA 92121, and our sales and engineering offices are located throughout the world.
Inseego’s common stock trades on The NASDAQ Global Select Market under the trading symbol “INSG”.
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The scale and pace of innovation in mobile technology, especially around connectivity and computing capabilities, is also impacting industries beyond traditional wireless.
−Removed: We are working with leading global service providers and enterprises in the mobile and FWA ecosystems to further develop, commercialize and accelerate the availability of 5G-based solutions, which represent the next generation of mobile technology.
+Added: We are working with leading global service providers and enterprises in the mobile and 5G fixed wireless access (“FWA”) ecosystems to further develop, commercialize and accelerate the availability of 5G-based solutions, which represent the next generation of mobile technology.
5G enables intelligent connectivity and is a catalyst for innovation and acceleration of the fourth industrial revolution across a wide range of vertical markets, including manufacturing, agriculture, utilities, industrial automation, retail, education, government, and healthcare.
−Removed: The widespread adoption of the Internet of Things (IoT) and advancements in enterprise applications along with an increasing dependence on mobile applications and always-connected machines and operations have become impacted by the constraints of 4G LTE technology.
−Removed: Addressing these needs is the primary driver for mobile network operators to accelerate the rollout of 5G communications in order to keep pace with expected network demands.
5G addresses the constraints of 4G LTE technology with wider spectrum bandwidths, multi-gigabit speeds, and ultra-reliable low latency, in addition to other advancements.
As the fifth-generation wireless broadband technology, 5G is based on the Release 15 standard defined by the Generation Partnership Project (“3GPP”), an international consortium responsible for the development of mobile standards.
−Removed: The key operating ranges for 5G spectrum globally are in the sub-6 GHz (below 6 GHz), and millimeter wave (28 GHz and 39 GHz) bands, with speed offerings greater than 1 Gigabit (“Gb”) per second and sub-millisecond latency, providing better coverage and signaling efficiency.
+Added: The key operating ranges for the 5G spectrum globally are in the sub-6 GHz (below 6 GHz), and millimeter wave (28 GHz and 39 GHz) bands, with speed offerings greater than 1 Gigabit (“Gb”) per second and sub-millisecond latency, providing better coverage and signaling efficiency.
The technological advancements of 5G technology, combined with many of the innovations developed for 4G LTE, provide a scalable and adaptable solution for a variety of use cases, which enable the creation of new industries and services, such as autonomous vehicles, telemedicine, live ultra-high-definition video streaming, cloud gaming, edge computing, and countless industrial applications such as augmented reality and robotics for smart manufacturing.
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4G LTE is expected to continue to operate alongside 5G as a major part of the wireless ecosystem.
−Removed: Based on industry reports, such as the Global System for Mobile Communications Association (“GSMA”) Intelligence’s report The Mobile
−Removed: Economy , and the biannual Ericsson Mobility Report we believe that 4G and 5G networks will coexist and remain complementary for many years.
+Added: Based on industry reports, such as the Global System for Mobile Communications Association (“GSMA”) Intelligence’s report The Mobile Economy , and the biannual Ericsson Mobility Report we believe that 4G and 5G networks will coexist and remain complementary for many years.
This means that operators will be able to service a significant share of the data traffic on 4G networks, leaving 5G with the dual remit of absorbing overflow capacity and underpinning consumer and enterprise services that require higher speeds and/or lower latency.
−Removed: As such, most 5G devices are expected to include multimode support for 4G and Wi-Fi, enabling service continuity where 5G has yet to be deployed and simultaneous connectivity across 4G and Wi-Fi technologies, while also allowing mobile operators to utilize current network deployments.
+Added: As such, most 5G devices are expected to include multimode support for 4G and Wi-Fi, enabling service continuity where 5G has yet to be deployed and simultaneous connectivity across 4G and Wi-Fi
+Added: technologies, while also allowing mobile operators to utilize current 5G network deployments.
At the same time, 4G is expected to continue to evolve in parallel with the development of 5G and become fundamental to many of the key 5G technologies, such as support for unlicensed spectrum, gigabit LTE user data rates (currently available from Inseego) and cellular IoT with connectivity designed to meet the needs of ultra-low-power and low-cost applications.
−Removed: Further, based on reports from analyst firms including GSMA Intelligence and IoT Analytics, we expect that the number of IoT connections could grow to 27 billion by 2025.
−Removed: As of September 30, 2021, there were approximately 2 billion IoT devices using cellular connectivity worldwide (IoT Analytics, 2021).
−Removed: By 2023, global 4G connections will reach just under 60% of total connections (GSMA, 2021).
+Added: Further, based on reports from analyst firms including GSMA Intelligence and IoT Analytics, we expect that the number of IoT connections could grow to 27 billion by 2025, of which cellular-based IoT connections could reach 4 billion.
+Added: By 2025, global 4G connections will reach just under 55% of total connections.
Meanwhile, 5G migration is gaining pace.
−Removed: According to Ericsson’s Mobility Report, November 2021 Edition, this migration to 5G is expected to be faster than that of 4G following its launch in 2009, reaching 1 billion subscriptions over 2 years sooner than the 4G rate of adoption.
−Removed: By the end of 2027, Ericsson’s Mobility Report forecasts 4.4 billion 5G subscriptions globally, accounting for 49% of all mobile subscriptions, which means that 5G is expected to become the dominant mobile access technology by subscriptions in 2027.
−Removed: As a core member of the 5G ecosystem, we continue to work closely with wireless operators, chipset suppliers, and infrastructure vendors around the world on 5G developments and trials in preparation for the roll-out of commercial network launches.
−Removed: As of December 2021, the Global mobile Suppliers Association (GSA) reported 464 operators in 139 countries/territories had confirmed investments in 5G networks.
−Removed: Based on reports such as those by GSMA Intelligence, we believe that 5G will bring a number of enhanced benefits not available using 4G networks including massive numbers of both fixed and mobile wireless devices with differing speed, bandwidth and quality of service demands, allowing the networks to provide support for “massive numbers of IoT devices and wireless edge technologies” for use cases including manufacturing, augmented and virtual reality, and autonomous vehicles.
+Added: According to Ericsson’s Mobility Report, November 2022 Edition, the rise of 5G has outpaced 4G within the first years of deployment.
+Added: By the end of 2028, over five billion 5G subscriptions are forecast globally, which would account for 55 percent of all mobile subscriptions.
+Added: 5G subscription uptake has been faster than that of 4G, following the launch of 4G in 2009, with 5G expected to reach one billion subscriptions two years sooner than with the 4G launch.
+Added: 4G is now declining rapidly in many markets and is expected to fall behind 5G in terms of adoption for the first time in 2023.
+Added: Based on reports, we believe that 5G will bring a number of enhanced benefits not available using 4G networks, including providing networks with massive numbers of IoT devices and wireless edge technologies with differing speed, bandwidth and quality of service demands for use cases including manufacturing, augmented and virtual reality, and video AI, and networking.
We are increasingly diversifying our business as this 5G opportunity comes into realization and our addressable market expands.
−Removed: The adoption of IoT technology continues to grow as companies across a wide range of industries are leveraging cellular IoT technologies to increase efficiency, gain better customer insights, facilitate compliance and build new business models.
−Removed: IoT growth is expanding broadly, and adoption is particularly strong in the telematics and transportation industries and in industrial IoT markets such as smart city infrastructure, utilities and energy management.
−Removed: We are building IoT capabilities by leveraging business models that monetize usage on most major carrier networks.
−Removed: We have developed IoT solutions that address key market needs for asset tracking applications, telematics, SD WAN failover management, retail, remote monitoring and various other industrial automation applications.
+Added: The adoption of 5G and the cloud continues to grow as companies across a wide range of industries are leveraging digital transformation technologies to increase efficiency, gain better customer insights, facilitate compliance and build new business models.
+Added: This growth is expanding broadly, and adoption is particularly strong in the telematics and transportation industries and in industrial IoT markets such as smart city infrastructure, utilities, energy management, retail and manufacturing.
+Added: We are building intelligent edge capabilities by leveraging business models that monetize usage on most major carrier networks.
+Added: We have developed solutions that address key market needs for asset tracking applications, telematics, SD-WAN failover management, retail, remote work, remote monitoring and various other automation applications.
In addition, our cloud solutions can turn the data that our solutions provide into actionable insights for our customers so they can develop new services and create revenue growth.
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We will meet this objective through innovations we are driving in IIoT, fixed, mobile and SaaS technologies.
−Removed: In furtherance of that objective, we will continue to focus on developing mission critical enterprise applications with a “zero unscheduled downtime” mandate, such as mobile and fixed broadband, industrial IoT, SD WAN failover management, asset tracking and fleet management services.
−Removed: Our solutions will be powered by our key innovations in IoT, purpose-built SaaS platforms and advanced mobile technologies, including emerging 5G NR.
+Added: In furtherance of that objective, we will continue to focus on developing mission critical enterprise applications, such as mobile and fixed broadband, industrial IoT, SD-WAN failover management, asset tracking and fleet management services.
+Added: Our solutions will be powered by our key innovations in 5G WWAN, purpose-built SaaS platforms for the enterprise and advanced wireless technologies.
The key elements of our strategy are to:
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We intend to continue to capitalize on our direct and long-standing relationships with wireless operators, infrastructure providers, OEMs and component suppliers in order to strengthen our worldwide market position, using these long-standing relationships to springboard both the expansion of the 4G LTE and 5G platforms globally, and influence the adoption of our 5G solutions around the world.
−Removed: • Expand our IoT solutions portfolio by leveraging our core mobile technologies and platforms developed for our mobile portfolio.
−Removed: We intend to expand our IoT solutions portfolio with 5G device-to-cloud solutions for the enterprise in North America and focused international markets that include edge devices based on the latest mobile technologies and cloud solutions.
+Added: • Expand our 5G WWAN solutions portfolio by leveraging our core mobile technologies and platforms.
+Added: We intend to expand our 5G WWAN solutions portfolio with 5G device-cloud-managed solutions for the enterprise in North America, Australia, and targeted international markets that include edge devices based on the latest mobile technologies and cloud solutions.
• Aggressively expand our go-to-market offerings through sales and marketing expansion, channel development and strategic partnerships .
−Removed: We intend to expand our go-to-market IoT, mobile and cloud offerings in North America as well as in focused international markets.
+Added: We intend to expand our go-to-market 5G WWAN cloud-managed offerings in North America, Australia, and targeted international markets.
• Improve SaaS solution penetration .
Through our telematics and asset tracking platform solutions, we provide customers in our current target markets throughout Europe, the United Kingdom, Australia and New Zealand with actionable insights and workflow efficiencies with highly secure intelligent device-to-cloud platforms.
−Removed: We also intend to roll out our Inseego Manage cloud-based SaaS portfolio with enhancements in the areas of device management and security in our target markets, and we continue to offer the subscription management solution in North America.
+Added: We also intend to roll out our cloud-based SaaS portfolio with enhancements in the areas of device management and security in our target markets, and we continue to offer the subscription management solution in North America.
• Increase the value of our offerings.
−Removed: As we seek to capitalize on potential growth opportunities, we continue to develop cutting edge IoT, mobile and cloud solutions, with specific focus on end-to-end solutions that enable the best connected experiences for our customers.
+Added: As we seek to capitalize on potential growth opportunities, we continue to develop cutting edge fixed, mobile and cloud solutions, with specific focus on end-to-end solutions that enable the best connected experiences for our customers.
In addition, our complete portfolio of advanced 4G and 5G solutions opens us up to larger worldwide potential markets.
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Our Sources of Revenue
−Removed: We provide intelligent wireless 4G and 5G hardware products for the worldwide mobile communications and IIoT markets.
+Added: We provide intelligent, cloud-managed wireless 4G and 5G hardware products for the worldwide mobile communications and IIoT markets.
Our hardware products address multiple vertical markets including private LTE/5G networks, the First Responders Network Authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices.
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These wireless operators include Verizon Wireless, T-Mobile and U.S.
−Removed: Cellular in the United States, Rogers and Telus in Canada, Telstra in Australia, Swisscom in Switzerland, as well as other international wireless operators, distributors and various companies in other vertical markets and geographies.
−Removed: We sell our wireless routers for IIoT, integrated telematics and mobile tracking hardware devices through our direct sales force, value-added resellers and through distributors.
−Removed: The customer base for our IIoT products is comprised of transportation companies, industrial enterprises, manufacturers, application service providers, system integrators and distributors in various industries, including fleet and vehicle transportation, aviation ground service management, energy and industrial automation, security and safety, medical monitoring and government.
−Removed: Integrated telematics and asset tracking devices are also sold under our Ctrack brand and provided as part of our integrated SaaS solutions.
−Removed: We sell SaaS, software and services solutions across multiple mobile and IIoT vertical markets, including fleet management, vehicle telematics, stolen vehicle recovery, asset tracking, monitoring, business connectivity and subscription management.
−Removed: Our SaaS delivery platforms include our telematics and asset tracking and management platforms, which provide fleet, vehicle, aviation, asset and other telematics applications.
+Added: Cellular in the United States, Rogers and Telus in Canada, Telstra in Australia, as well as other international wireless operators, distributors and various companies in other vertical markets and geographies.
+Added: We sell our 5G WWAN solutions, integrated telematics and mobile tracking hardware devices through our direct sales force, value-added resellers and through distributors.
+Added: The customer base for our products is comprised of transportation companies, industrial enterprises, retailers, manufacturers, application service providers, system integrators and distributors in various industries, including fleet and vehicle transportation, aviation ground service management, energy and industrial automation, security and safety, medical monitoring and government.
+Added: Integrated telematics and asset tracking devices are provided as part of our integrated SaaS solutions.
+Added: We sell SaaS, software and services solutions across multiple vertical markets, including fleet management, vehicle telematics, stolen vehicle recovery, asset tracking, monitoring, business connectivity and subscription management.
+Added: Our SaaS delivery platforms include our telematics and asset tracking and management platforms, which provide fleet, vehicle, aviation, municipalities, healthcare, utilities asset and other telematics applications.
Our SaaS platforms are device-agnostic and provide a standardized, scalable way to order, connect and manage remote assets and to improve business operations.
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IoT and Mobile Solutions
−Removed: Our IoT business focuses on addressing applications for a variety of markets including large enterprise verticals and IIoT markets.
+Added: Our 4G and 5G WWAN business focuses on addressing applications for a variety of enterprise verticals.
These applications include, among others, smart city infrastructure management, remote monitoring and control, SD-WAN failover and enterprise connectivity.
Our Skyus branded wireless gateways, routers and modems serve as connectivity solutions for the rapidly growing and underpenetrated IoT market segments.
−Removed: Worldwide IoT spending is expected to increase at a 26.7% compound annual growth rate beyond 2021 (as reported by IoT Analytics, 2021).
+Added: Worldwide IoT spending is expected to increase at a 20% compound annual growth rate between 2022 and 2027 (as reported by IoT Analytics, 2023).
With many enterprise customers using our solutions, we believe that we already have a solid footing in this market.
We are continuing to invest and grow our product portfolio to realize the opportunities in the growing IoT market.
−Removed: Our mobile business has been driving advanced mobile technologies for a multitude of consumer and enterprise applications for over 20 years.
+Added: Our 4G and 5G WWAN business has been driving advanced mobile technologies for a multitude of consumer and enterprise applications for over 20 years.
In the 2000s, Inseego invented mobile hotspots sold under the MiFi brand.
−Removed: During the 2010s, Inseego was a leader in the 4G mobile hotspot market—delivering the highest 4G mobile hotspot performance in the market.
−Removed: In 2019, Inseego developed and produced the world’s first 5G mobile hotspot, which provides download speeds at least 58% faster than those of our competitors, according to internal testing results.
−Removed: Our mobile business product portfolio consists of intelligent mobile broadband solutions, HD quality VoLTE products, residential 4G gateways and an advanced 5G portfolio of products (currently in various stages of development).
+Added: 2010s, Inseego was a leader in the 4G mobile hotspot market—delivering the highest 4G mobile hotspot performance in the market.
+Added: In 2019, Inseego developed and produced the world’s first 5G mobile hotspot.
+Added: In 2022, we launched our fourth generation 5G mobile hotspot with Telstra, Verizon, and T-Mobile.
+Added: Our 4G and 5G WWAN business product portfolio consists of intelligent mobile broadband solutions, HD quality VoLTE products, residential 4G gateways and an advanced 5G portfolio of mobile and fixed wireless products.
Our mobile broadband solutions, sold under the MiFi brand, are actively used by millions of end users annually to provide secure and convenient high-speed access to corporate, public and personal information through the Internet and enterprise networks.
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We believe we are strategically well placed to realize the opportunity for 5G and we are focused on developing a comprehensive portfolio of 5G products for fixed and mobile wireless applications.
−Removed: IoT & Mobile Solutions also includes Inseego Subscribe TM which helps organizations manage the selection, deployment and spend of their customer’s wireless assets, helping them save money on personnel and telecom expenses.
−Removed: Telematics and Asset Tracking Business/Enterprise SaaS Solutions
+Added: Our cloud offering includes Inseego Connect for device management, Inseego Subscribe TM which helps organizations manage the selection, deployment and spend of their customer’s wireless assets, helping them save money on personnel and telecom expenses and 5G SD EDGE enterprise networking.
+Added: Telematics and Asset Tracking Business Intelligence-Business/Enterprise SaaS Solutions
Inseego entered the telematics software and services industry through the acquisition of DigiCore Holdings Limited (which was renamed Ctrack Holdings (Pty) Ltd (“Ctrack”) in October 2015).
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Business Divestiture for additional information about the divestiture of Ctrack South Africa.
−Removed: Following the Ctrack Transaction, we continue to provide telematics solutions in the rest of the world including in Europe and Australia.
+Added: Following the Ctrack Transaction, we continue to provide telematics solutions under the Inseego brand in the rest of the world including in Europe, the United Kingdom and Australia.
With more than 30 years of experience, we are recognized as a leading global provider of advanced fleet management telematics and asset tracking solutions that add value to a global base of customers.
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The result is innovative solutions ranging from basic track-and-trace, with stolen vehicle response services, to complete integrated enterprise-level solutions for large fleet owners across the globe.
−Removed: We believe that our continued emphasis on development of next-generation products keeps Ctrack ahead of the market, meeting demands for value-added, flexible, feature-rich and cost-effective technology across multiple market verticals.
−Removed: Our solutions, coupled with a proven track record in the successful implementation and support of projects of all sizes worldwide, provide Ctrack with a competitive edge with respect to attracting and retaining customers.
+Added: We believe that our continued emphasis on development of next-generation products keeps Inseego telematics ahead of the market, meeting demands for value-added, flexible, feature-rich and cost-effective technology across multiple market verticals.
+Added: Our solutions, coupled with a proven track record in the successful implementation and support of projects of all sizes worldwide, provide Inseego with a competitive edge with respect to attracting and retaining customers.
Sales and Marketing
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This includes product marketing, corporate communications, brand marketing and demand generation.
−Removed: The market for our mobile, IoT and asset tracking/telematics services and solutions is rapidly evolving and highly competitive.
+Added: The market for our mobile, 5G WWAN and asset tracking/telematics services and solutions is rapidly evolving and highly competitive.
It is likely to continue to be affected by new product introductions and industry participants.
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• Fixed wireless, mobile hotspot and wireless data modem providers, such as NETGEAR, Franklin Wireless, WNC, Nokia, TCL, ZTE and Huawei;
−Removed: • IoT solution providers, such as Cradlepoint and Sierra Wireless;
−Removed: • Customer experience software solutions and services providers, such as Amdocs.
−Removed: We believe that we have advantages over our primary competitors due in varying measure to the broad range of customized solutions that we offer, the ease-of-use of our products and our ability to adapt our products to specific customer needs.
+Added: • IoT solution providers, such as Cradlepoint, Cisco, and Sierra Wireless;
+Added: • Customer experience software solutions and services providers, such as Cisco.
As the market for our solutions and services expands, other entrants may seek to compete with us either directly or indirectly.
Research and Development
−Removed: Our research and development efforts are focused on developing innovative mobile devices, including IoT and advanced gateway solutions in both the 4G LTE and 5G markets, and telematics solutions and services, while improving the functionality, design and performance of our current products and solutions.
−Removed: We intend to continue to identify and respond to our customers’ needs by introducing new SaaS, IoT and mobile solutions and product designs that meet the needs of the market and our customers, with an emphasis on creating next generation wireless product platforms targeting mass market initiatives in high growth verticals and technologies such as 5G NR and easy-to-use products and services that enable customers to connect, track, and manage their business systems and assets.
+Added: Our research and development efforts are focused on developing innovative fixed and mobile devices, including IoT and advanced gateway solutions in both the 4G LTE and 5G markets, and for device management, cloud enterprise networking, edge computing and telematics solutions and services, while improving the functionality, design and performance of our current products and solutions.
+Added: We intend to continue to identify and respond to our customers’ needs by introducing new SaaS, 5G WWAN and mobile solutions and product designs that meet the needs of the market and our customers, with an emphasis on creating next generation wireless product platforms targeting mass market initiatives in high growth verticals and technologies such as 5G NR and easy-to-use products and services that enable customers to connect, track, and manage their business systems and assets.
We manage our research and development through a structured life-cycle process, from identifying initial customer requirements through development and commercial introduction to eventual phase-out.
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The patents that we currently own will expire at various times between 2023 and 2041.
−Removed: We, along with our subsidiaries, also hold a number of trademarks or registered trademarks including “Inseego”, “Inseego Subscribe”, “Inseego Manage”, “Inseego Secure”, “Inseego Vision”, the Inseego logo, “MiFi”, “MiFi Intelligent Mobile Hotspot”, “Wavemaker”, “Clarity” and “Skyus”.
+Added: We, along with our subsidiaries, also hold a number of trademarks or registered trademarks including “Inseego”, “Inseego Subscribe”, “Inseego Manage”, “Inseego Secure”, “Inseego Vision”, the Inseego logo, “MiFi”, “MiFi Intelligent Mobile Hotspot”, “Wavemaker” and “Skyus”.
Key Partners and Customers
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Our strong customer and partner relationships provide us with the opportunity to expand our market reach and sales.
−Removed: We partner with leading OEMs, wireless telecom service providers, wireless network infrastructure providers such as Ericsson and Nokia, value-added resellers and distributors which allows us to offer customers integrated and holistic soluti ons.
+Added: We partner with leading OEMs, wireless telecom service providers, and value-added resellers and distributors which allows us to offer customers integrated and holistic soluti ons.
Our telematics platform uses leading cellular providers such as Vodafone, Telstra and Optus to ensure the optimal real-time visibility of tracked vehicles and systems, supported by accurate and sophisticated mapping services such as the HERE Open Location Platform.
−Removed: Customers for our products include transportation companies, industrial companies, governmental agencies, manufacturers, application service providers, system integrators, distributors, and enterprises in various industries, including
−Removed: fleet and vehicle transportation, finance, accounting, legal, insurance, energy and industrial automation, security and safety, medical monitoring and government.
+Added: Customers for our products include transportation companies, industrial companies, governmental agencies, manufacturers, application service providers, system integrators, distributors, and enterprises in various industries, including fleet and vehicle transportation, finance, accounting, legal, insurance, energy and industrial automation, security and safety, medical monitoring and government.
Our telematics customer base is comprised of wireless operators, distributors, OEMs and various companies in other vertical markets.
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Our employees are not represented by any collective bargaining unit and we consider our relationship with our employees to be good.
+Added: Cybersecurity
+Added: In the normal course of business, we may collect and store personal information and certain sensitive Company information, including proprietary and confidential business information, trade secrets, intellectual property, sensitive third-party information and employee information.
+Added: To protect this information, our existing cybersecurity policies require monitoring and detection programs, network security measures, encryption of critical data, and security assessment of vendors.
+Added: We perform cyber-incident simulations and tabletop exercises to help with our overall risk-preparedness.
+Added: We maintain various protections designed to safeguard against cyberattacks, including firewalls and virus detection software.
+Added: We have established and test our disaster recovery plan and we protect against business interruption by backing up our major systems.
+Added: Additionally, we routinely scan our environment for any vulnerabilities, perform penetration testing and engage third parties to assess the effectiveness of our data security practices.
+Added: Our internal security team makes continuous efforts to prevent and mitigate cyber-attacks.
+Added: We continue to make significant investments in security and maintain insurance that includes cybersecurity coverage.
+Added: Our cybersecurity program is led by our Director of Information Security and Privacy.
+Added: The program incorporates industry-standard frameworks, policies and practices designed to protect the privacy and security of our sensitive information.
+Added: Our cybersecurity team provides regular, timely updates to the Board of Directors on information security and cybersecurity matters, as needed.
+Added: Our Security Council, has oversight responsibility for our data security practices and we believe the committee has the requisite skills and visibility into the design and operation of our data security practices to fulfill this responsibility effectively.
+Added: Despite the implementation of our cybersecurity program, our security measures cannot guarantee that a significant cyberattack will not occur.
+Added: A successful attack on our information technology systems could have significant consequences to the business.
+Added: While we devote resources to our security measures to protect our systems and information, these measures cannot provide absolute security.
+Added: See “Risk Factors” for additional information about the risks to our business associated with a breach or compromise to our information technology systems.
Human Capital Resources
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We are committed to creating a world class employee experience through leadership development, career planning, open two-way communications, total compensation, and positive work environment.
−Removed: In our latest engagement survey, our employees answered favorably to questions on Work Environment & Communications where the average score was over 90%.
Diversity & Inclusion :
−Removed: Our Come Together initiative was launched in 2020.
−Removed: Come Together gives employees the opportunity to participate in workstreams whose goals are to create a culture of belonging.
−Removed: Each workstream is led by employee volunteers with a passion for diversity and inclusion and reach beyond Inseego team members.
−Removed: The different workstreams are:
−Removed: Community Engagement, Employee Development, Recruiting, Women in Technology, and Affinity Groups.
−Removed: In 2021, we launched our first global mentoring program, connecting employees across the globe in a meaningful and productive way.
+Added: Our people are our most important asset.
+Added: At Inseego, we embrace an inclusive culture because good ideas come from everywhere.
+Added: Diversity comes in all forms, from different backgrounds and experiences to different perspectives and skill sets.
+Added: It is this diversity that fuels innovation.
+Added: It is this common passion to innovate that makes Inseego an equal opportunity employer.
+Added: Inseego does not unlawfully discriminate in any employment decisions, including hiring, compensation, promotion, discipline, or termination on the basis of race, religion, color, national origin, sex, sexual orientation, gender identity, age, protected veteran status or disability.
+Added: Inseego is also committed to providing reasonable accommodations to qualified individuals with disabilities and individuals with sincerely held religious beliefs and practices.
We believe that talent is key to our success.
−Removed: It starts with finding and placing the right Talent for the right jobs at the right time.
−Removed: We communicate our value proposition in a clear and concise manner.
−Removed: The expected growth in the 5G market creates a unique opportunity for candidates and employees of Inseego to have a career at the forefront of a dynamic industry.
+Added: Our human capital resources objectives include, as applicable, identifying, recruiting, retaining, incentivizing, and integrating our existing and new employees.
Our company size and culture allows employees to build and expand their skill set in ways that will enrich their careers.
−Removed: In 2020, we initiated Talent Reviews with Senior Leaders to holistically evaluate the talent across the company.
−Removed: This will enable
−Removed: the company to focus on accelerating development for those who are top performers and strengthen the talent pipeline.
−Removed: In 2021, we piloted a Manager Forum to build leadership capability in order to motivate and retain critical talent at Inseego.
−Removed: Work Life Harmony :
+Added: Our goal setting and performance evaluation process enables the company to focus on accelerating development for those who are top performers and strengthening the talent pipeline.
+Added: Work Life Balance :
We believe that it is important to provide Work Life Harmony and our practices can vary globally.
1 unchanged sentence
This time can be used to catch up on tasks, conduct a review of the past week, and plan for the following week.
−Removed: During 2020, we launched an Unlimited Paid Time Off program for exempt employees in the U.S.
+Added: Inseego has a flexible time off policy that does not limit employee time off to fixed accruals for exempt employees in the U.S.
This program gives team members the flexibility to take time off that makes sense for them and frees employees from the confines of traditional accrued time off policies.
−Removed: In 2020, we also launched the Health & Wellness Initiative in the U.S.
+Added: We also encourage flexibility and balance by embracing remote and hybrid work whenever possible.
+Added: Employee Health and Wellness :
+Added: As the success of our business is fundamentally connected to the well-being of our employees, we are committed to their health, safety and wellness.
+Added: We provide our employees and their families with access to convenient health and wellness programs.
+Added: These programs include benefits that provide protection and security to help give our employees peace of mind concerning events that may require time away from work or that may impact their financial well-being.
+Added: We offer choice where possible so employees can customize their benefits to meet their needs and the needs of their families.
+Added: We also sponsor various Health & Wellness Initiatives in the U.S.
to help employees find ways to create more balance in their lives.
−Removed: As part of this initiative, all employees were given a complimentary Calm App membership that includes useful resources designed to strengthen mental fitness and provide tools to tackle stress.
−Removed: Recognizing that burnout was becoming a global issue, we launched several company-wide events in 2021 to enhance wellness.
−Removed: These include providing complimentary self-care kits to employees, fitness challenges and a virtual company 5/10K.
−Removed: Data & Insights :
−Removed: In 2020, we consolidated multiple human resource systems to a common platform.
−Removed: This will allow us to deliver real time employee self-service and data and insights to management.
−Removed: The migration to one platform will enable the human resources team to obtain valuable employee insights and enact changes more quickly.
Governmental Regulations
20 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.