Franklin Wireless adds Ira Greenstein to Board

SAN DIEGO - Franklin Wireless Corp. (NASDAQ: FKWL), a company specializing in integrated connectivity solutions, announced the appointment of Ira Greenstein to its Board of Directors, effective as of Monday. Greenstein’s addition to the board follows the resignation of Gary Nelson, who stepped down to spend more time with his family.

Ira Greenstein brings a wealth of experience to Franklin Wireless, having a background in law, corporate leadership, and government service. As a Founding Partner of Pierson Ferdinand LLP, he has significant legal expertise. His corporate experience includes tenure as President of both IDT Corporation and Genie Energy (NYSE:GNE) Ltd. In the government sphere, Greenstein served as a Deputy Assistant and Strategist during the first Trump Administration.

Educationally, Greenstein holds a Bachelor of Science from Cornell University’s School of Industrial and Labor Relations and a Juris Doctor from Columbia University School of Law. His current roles include serving on the board of Forafric Global plc. (NASDAQ: AFRI), where he is a member of the Audit and Remuneration Committees. According to InvestingPro data, Forafric Global has shown strong revenue growth of 15.94% in the last twelve months, though the company faces some financial challenges with a current ratio of 0.42.

OC Kim, President and CEO of Franklin Wireless, expressed confidence that Greenstein’s "extensive legal, corporate, and government experience brings a new depth of knowledge, critical skills in strategic decision-making and governance to the board."

Franklin Wireless, headquartered in San Diego, is known for its mobile device management, network management solutions, and wireless products that leverage 4G LTE and 5G technologies. The company aims to continue its growth and innovation in the digital connectivity space.

The information regarding the board appointment and the company’s activities is based on a press release statement from Franklin Wireless.

In other recent news, Forafric Global, the grain mill products manufacturer, has released its financial results for the first half of 2024. This disclosure, which includes both the company’s performance and Management’s Discussion and Analysis of Financial Condition and Results of Operations, provides investors with a clear picture of the company’s financial health and strategic direction.

The company has also provided forward-looking statements within the report, cautioning that actual results may differ due to factors such as market demand, technological changes, economic conditions, competition, and government regulation. However, Forafric Global has emphasized that these statements are inherently uncertain and should not be overly relied upon.

The report, signed off by the company’s Chairman and Director, Saad Bendidi, also includes a special note on forward-looking statements. The company has stated that it does not intend to update any forward-looking statements following the date of the report unless required by law.

While the detailed financial performance was not disclosed in the summary provided, the unaudited nature of the financial statements and the potential discrepancies in forward-looking statements highlight the importance of cautious interpretation by investors and stakeholders. These are the recent developments for Forafric Global.

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