INSEEGO CORP. (NASDAQ:INSG) Files An 8-K Other EventsItem 8.01. Other Events.
INSEEGO CORP. (NASDAQ:INSG) Files An 8-K Other Events
On April 10, 2017, judgment was entered in favor of Novatel Wireless, Inc. (“Novatel Wireless”) in the patent infringement lawsuit brought by Carucel Investments, L.P. (“Carucel”) (Carucel Investments, L.P. v. Novatel Wireless, Inc., et. al., U.S.D.C. S.D. California, Civil Action No. 16-cv-118-H-KSC). The jury found that Novatel Wireless’ MiFi mobile hotspot devices do not infringe any of the asserted claims in the four patents owned by Carucel. Novatel Wireless is a wholly-owned subsidiary of Inseego Corp. (the “Company”). Carucel, a non-practicing entity, has indicated that it intends to appeal. The Company does not believe there is merit to an appeal by Carucel and intends to vigorously defend any appeal. However, there can be no assurance as to the ultimate outcome of any appeal or other future judgment in this case, and an adverse judgment could have a material adverse effect on the Company’s business, results of operations, financial condition and cash flows.
About INSEEGO CORP. (NASDAQ:INSG)
Inseego Corp, formerly Novatel Wireless, Inc., is a provider of software-as-a-service (SaaS) and solutions for the Internet of Things (IoT). The Company offers a range of products, including mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services. The Company sells its telematics solutions under the Ctrack brand, including its fleet management, asset tracking and monitoring, stolen vehicle recovery, and usage-based insurance platforms. It operates in the wireless communications industry in two product categories: M2M Products and Solutions, and Mobile Computing Solutions. It sells business connectivity solutions and device management services through its subsidiaries. Its products operate on cellular wireless technology platform. It serves over 590,000 global subscribers, including 182,000 fleet management subscribers. INSEEGO CORP. (NASDAQ:INSG) Recent Trading Information
INSEEGO CORP. (NASDAQ:INSG) closed its last trading session down -0.05 at 2.27 with 94,856 shares trading hands.
Inseego Corp, formerly Novatel Wireless, Inc., is a provider of software-as-a-service (SaaS) and solutions for the Internet of Things (IoT). The Company offers a range of products, including mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services. The Company sells its telematics solutions under the Ctrack brand, including its fleet management, asset tracking and monitoring, stolen vehicle recovery, and usage-based insurance platforms. It operates in the wireless communications industry in two product categories: M2M Products and Solutions, and Mobile Computing Solutions. It sells business connectivity solutions and device management services through its subsidiaries. Its products operate on cellular wireless technology platform. It serves over 590,000 global subscribers, including 182,000 fleet management subscribers. INSEEGO CORP. (NASDAQ:INSG) Recent Trading Information
INSEEGO CORP. (NASDAQ:INSG) closed its last trading session down -0.05 at 2.27 with 94,856 shares trading hands.