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Increasing Global Purchasing Power is Leading to Electronics-market Boom

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Increasing Global Purchasing Power is Leading to Electronics-market Boom

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NEW YORK, June 19, 2018 /PRNewswire/ --

According to Global Market Insights, the Global Consumer Electronics Market is predicted to surpass USD 1.5 Trillion by 2024. Technological advancements in devices such as smartphones, earphones & headphones, tablets and more are anticipated to fuel the consumer electronics market growth. The report also indicates that the increasing demand for the consumer electronics is largely attributed to improving the purchasing power of individuals around the world, especially in emerging markets where penetration of energy-efficient appliances and new technologies is on the rise. Cool Holdings, Inc. (NASDAQ:IFON), Apple Inc. (NASDAQ:AAPL), Motorola Solutions, Inc. (NYSE:MSI), Oclaro, Inc. (NASDAQ:OCLR), Iridium Communications Inc. (NASDAQ:IRDM)

In the United States, consumer enthusiasm for new technologies is exceeding expectations. According to Gary Shapiro, President and CEO of the Consumer Technology Association, "Driven by consumer demand for the products we already know and love, as well as new, innovative technologies, revenue growth in the consumer technology industry is exceeding expectations… Not only are breakthrough technologies changing our lives for the better - such as drones delivering medical supplies to remote areas or the use of VR in patient care - tech is also a key driver of the U.S. economy, outpacing GDP growth, and reinforcing America's role as a global leader in innovation."

Cool Holdings, Inc. (NASDAQ:IFON) previously InfoSonics Corporation, announced earlier last week that, "it has changed its name to Cool Holdings, Inc. (the "Company"), effective today. The Company's stock symbol remains unchanged at this time, but the name change resulted in a new CUSIP number (21640C 105) for the Company's common stock offered on the Nasdaq Capital Market. The Company intends to soon launch a new corporate website at http://www.coolholdings.com , which will include a new investor relations section containing stock information, corporate governance information and other materials of interest to investors."

"The name change to Cool Holdings represents a shift and diversification of our strategy," said Andy DeFrancesco, Chairman of the Board. "Effective today our focus is to continue the expansion of our strong partnership with Apple®, one of the world's largest and most iconic brands, and to exploit additional investment and acquisition opportunities of minority and majority interests in other premium retail brands to accelerate profitable growth."

"We will continue expanding the retail footprint of our OneClick® branded stores to become the largest authorized reseller of Apple® products and services in the Americas. Cool Holdings will fully leverage the experience and successful track record of our board of directors and strategic investors, who have been involved in other premium brands such as Cold Stone Creamery, Pinkberry Frozen Yogurt, Blimpie Subs, Taco Time, Jamba Juice and Aphria MMJ. We believe that our team's global network, retail operational experience, ability to acquire prime retail locations and storefronts, coupled with our marketing and execution ability and commitment to success will translate to profitable growth of our Company, and ultimately to handsome returns to our shareholders.

Cool Holdings is a Miami-based company focusing on premium retail brands. It is currently comprised of OneClick®, a chain of retail stores and an authorized reseller under the Apple® Premier Partner, APR (Apple® Premium Reseller) and AAR MB (Apple® Authorized Reseller Mono-Brand) programs; Icon Networks, an authorized distributor to the OneClick® stores and other resellers of Apple® products and other high-profile consumer electronic brands; and verykool®, a brand of wireless handsets, tablets and related products the Company sells to carriers, distributors and retailers in Latin America."

Apple Inc. (NASDAQ:AAPL) engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. iPhone users in the United States who call 911 will be able to automatically and securely share their location data with first responders beginning later this year with iOS 12, providing faster and more accurate information to help reduce emergency response times. The Company recently announced that it will also use RapidSOS's Internet Protocol-based data pipeline to quickly and securely share HELO location data with 911 centers, improving response time when lives and property are at risk. RapidSOS's system will deliver the emergency location data of iOS users by integrating with many 911 centers' existing software, which rely on industry-standard protocols. In keeping with Apple's focus on privacy, user data cannot be used for any non-emergency purpose and only the responding 911 center will have access to the user's location during an emergency call. "Communities rely on 911 centers in an emergency, and we believe they should have the best available technology at their disposal," said Tim Cook, Apple's CEO. "When every moment counts, these tools will help first responders reach our customers when they most need assistance."

Motorola Solutions, Inc. (NYSE:MSI) creates innovative, mission-¬critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities. The City of Portsmouth will deploy Motorola Solutions' ASTRO 25 radio system to provide state-of-the-art mission-critical communications technology and interoperable coverage to its first responders. This multi-million-dollar contract builds on Motorola Solutions' three-decade relationship with Portsmouth to modernize the City's emergency communications platform and integrate with its approximately 1,000 P25 APX radios currently deployed. With more than 500 implementations of the ASTRO 25 complete, Motorola Solutions has extensive experience and proven results in completing installation on time and on budget. This system also enhances security with radio verification and encryption to prevent third-parties from accessing conversations that includes mission-critical and/or personal information. "For more than 30 years, Motorola Solutions has teamed up with the City of Portsmouth to equip first responders with reliable communications equipment to perform their mission-critical work," said Mike Leonard, Mid-Atlantic Territory Vice-President at Motorola Solutions. "This deployment represents Portsmouth's continued investment in not just the latest in critical communications technology, but also in maintaining the highest levels of safety in its community."

Oclaro, Inc. (NASDAQ:OCLR) is a leader in optical components and modules for the long-haul, metro and data center markets. Acacia Communications, Inc., a leading provider of high-speed coherent optical interconnect products, and Oclaro, Inc., recently announced that they are enabling a multi-vendor environment of fully interoperable CFP2-DCO modules based on Acacia's Meru DSP. Oclaro plans to launch a new CFP2-DCO module that will feature plug-and-play compatibility with the Acacia CFP2-DCO, providing customers with two proven coherent optics suppliers for the 100/200G CFP2-DCO form factor. CFP2-DCOs are becoming increasingly important for higher-speed optical networks because they integrate the coherent DSP into the pluggable module. The digital host interface enables simpler integration between module and system, resulting in faster service activation and a pay-as-you-grow deployment model for telecommunication providers, whereby the cost of additional ports can be deferred until additional services are needed. "Our 43Gbaud Coherent Transmitter Receiver Optical Sub-Assembly is at the heart of our CFP2-DCO. The TROSA leverages proven Indium Phosphide PIC technology from Oclaro's highly successful CFP2-ACO to achieve industry-leading optical performance in a small form factor," said Beck Mason, President of the Integrated Photonics Business at Oclaro. "By establishing a fully interoperable solution with Acacia, our customers will have two sources of supply for these critical components, enabling them to efficiently upgrade their networks to higher speeds."

Iridium Communications Inc. (NASDAQ:IRDM) is the only mobile voice and data satellite communications network that spans the entire globe. The Company recently announced Gogo as the newest value-added manufacturer for Iridium Certus aviation terminals. Gogo has also been selected as an Iridium Certus service provider, making it the first company to design and manufacture terminals, while also providing the new L-band broadband service for business aviation. Iridium Certus is the ideal solution for airline flight-deck communications, rotorcraft, and business jet flight-deck and cabin connectivity. Iridium Certus will bring broadband functionality, with enterprise-grade quality of service, to the aviation industry. The service will deliver faster speeds and offer smaller form factor antennas featuring a range of throughput and service options. These options will enable a variety of capabilities for cockpit safety and electronic flight bag services as well as cabin business applications. Enabled by Iridium NEXT, Iridium Certus is poised to deliver the fastest L-band broadband speeds on the market, with eventual speeds of approximately 1.4Mbps. "We are thrilled to welcome Gogo to the Iridium Certus family as both a manufacturing partner and a service provider," said Bryan Hartin, Executive Vice President, Iridium. "Iridium Certus is going to change the way the aviation industry communicates by introducing faster speeds and smaller hardware, all at competitive price points. Iridium Certus can support the entire aircraft, from the flight deck to the cabin, creating a truly connected flying experience."

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