Sonim Technologies Announces Trade Agreements Act Compliant Manufacturing For New 5G Connected Solutions Portfolio
Portfolio Pulse from Benzinga Newsdesk
Sonim Technologies (NASDAQ: SONM) has announced that select products from its new 5G connected solutions portfolio are now Trade Agreements Act (TAA) compliant, allowing for procurement by the U.S. government. The company is also shifting manufacturing outside of China to enhance operational resilience and open new market opportunities.
June 04, 2024 | 12:29 pm
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Sonim Technologies has achieved TAA compliance for select products in its new 5G connected solutions portfolio, enabling procurement by the U.S. government. The company is also moving manufacturing outside of China to enhance operational resilience and market opportunities.
Achieving TAA compliance allows Sonim Technologies to sell its products to the U.S. government, opening a significant new market. Additionally, moving manufacturing outside of China reduces geopolitical risks and enhances operational resilience, which is likely to positively impact the company's stock price in the short term.
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