FRANKLIN WIRELESS CORP

Franklin Wireless Corp.'s South Korea-based subsidiary, Franklin Technology Inc. (FTI), was ordered by the Seoul Central District Court to pay approximately $3,673,336 USD in damages to Partron Co., Ltd. The ruling also includes accrued interest at 5% per annum and ongoing post-judgment interest at 12% per annum. The dispute stems from a commercial contract for device development and production. The company is currently reviewing the decision with its legal counsel and plans to appeal and vigorously defend its position.

Franklin Access launched its new RG3100 5G Mobile Router Hotspot, now available on T-Mobile's nationwide 5G network. Built on Qualcomm's SDX72 modem, the device offers enhanced 5G performance, Wi-Fi 7 connectivity across three bands, and enterprise-ready management capabilities. It supports up to 32 devices and features advanced networking options, including wired connectivity and battery-less operation, targeting diverse users from consumers to businesses.

Franklin Access, a division of Franklin Wireless, announced the launch of a new three-layer security system for its Wi-Fi Routers. This innovative system provides enterprise-grade protection by automatically blocking over 15 million malicious websites in real-time, safeguarding users from malware, phishing, and inappropriate content. The system includes foundational DNS filters, network-level device management, and application-level security with parental controls. A free trial is available, and the company is seeking global partners to expand its reach.

Franklin Wireless Corp. reported a significant decline in financial performance for the third quarter and nine months ended March 31, 2026. Net sales for the quarter decreased by 57% year-over-year, leading to a widened net loss of $1.56 million. The company also experienced a substantial increase in cash used in operating activities and a decrease in cash and cash equivalents, reflecting challenging market conditions.