By ST Staff
5:42 AM UTC
Sonim Technologies, Inc. (SONM) stock prices were down by 3.07% as of the market closing on June 29th, 2021, bringing the price per share down to USD$0.6091 at the end of the trading day. Subsequent pre-market fluctuations saw the stock dip by another 0.34%, bringing it up to USD$0.61.
June 29th 2021 saw the company announce the securing of design win awards with a leading U.S cellular carrier for two of the company’s innovative ultra-rugged phones that are expected to be launched in 2022. The award is for an upgraded feature phone with enhanced PTT capabilities, as well as a smartphone with 5G capabilities. An RFP process used design specifications, feature set, and cost as parameters on which to base the carrier design win awards.
With the addition of the designs into the U.S carrier’s portfolio for 2022, SONM now has design win awards from three of the US’s largest carriers. These awards are for upcoming products that are expected to be launched from the second half of 2021 through to the third quarter of 2022. These launches and the recent commencement of the shipment of SmartScanners signals the company’s commitment to expand its product portfolio and addressable market opportunity.
The company has proven itself to be a leader in the provision of rugged and durable mobile phones for task workers in hazardous industries such as public safety, construction, manufacturing, field service, transportation, hospitality, and more. With exact specifications pending, the upcoming products are rife with a plethora of key features. One such feature is OneTouch PTT, which is adedicated PTT button that facilitates instant communication without the need to open the device or launch an app.
A Red (Emergency) Button instantly alerts dispatch and/or emergency services should the need arise, while ultra-loud speakers and noise suppression ensure communicability in the most adverse of conditions. The ruggedness of the devices is matched by that of a broad range of industrial accessories to address the common needs of first responders, including remote speaker microphones, wireless mics, in-vehicle mounts. The mobile phones will also come equipped to support 5G networks, FirstNet public safety broadband network, and CBRS-based private networks.
Armed with the tenured security of its upcoming product launches, SONM is poised to push for the successful commercialization and proliferation of its product portfolio additions. Shareholder are keen to see the company leverage the resources at its disposal to ensure the company continues its trajectory of success.