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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chemring Group Plc | LSE:CHG | London | Ordinary Share | GB00B45C9X44 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
6.50 | 1.78% | 371.50 | 371.00 | 371.50 | 371.50 | 365.00 | 368.50 | 284,130 | 14:56:52 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Aircraft Parts, Aux Eq, Nec | 481.9M | 5.4M | 0.0195 | 189.74 | 1.02B |
The unique approach taken by SmartSwitch targets a consistent user experience across all devices while in the home, at work, on the move and while out and about. The innovation required to deliver such a tailored experience, in all real-world Wi-Fi conditions, has repeatedly demonstrated the value service providers can extract from their Wi-Fi assets today. Combining the novel and proven SmartSwitch technology with Carnegie’s Network Convergence Platform (NCP), which includes Bandwidth Aggregation, True Gapless Handover, Connection Management and Network Quality Analytics, creates the optimal solution for the future of Wi-Fi integration to deliver the perfect user experience.
The market has shown readiness for bandwidth aggregation technologies such as Multipath TCP (MPTCP). The combined capability of SmartSwitch and the patented bandwidth aggregation capabilities of the Network Convergence Platform goes directly for the maximum user experience, offering premium aggregation of data links while ensuring the best Wi-Fi has been selected in order to maximize the potential for Wi-Fi usage, which in turn eliminates congestion and cost on the cellular networks.
Paul Posner, CEO of Carnegie Technologies, commented: “Carnegie’s acquisition of the SmartSwitch assets creates an unsurpassed combination of technologies and human capital, including strong patents, the most advanced platform and the best people that complement each other and bring the most powerful products to the marketplace. Many smart devices on the market today have the capability to access more than one network at a time, and we’re committed to ensuring that the users of these devices can benefit from all networks with the optimal user experience.”
David McDonald, Managing Director of Chemring Technology Solutions added: “We have seen increasing demand for the combination of advanced connection management with bandwidth aggregation, and today’s announcement brings together the best in class in both of those fields. The combined product suite is going to provide first-class capability in optimizing the Wi-Fi experience and is exactly what is needed for the next generation of smartphone devices.”
About Carnegie TechnologiesCarnegie Technologies was founded in 2010 to develop mobility products and services that connect people, things and networks throughout the world. The Company delivers ground-breaking connectivity and convergence solutions for mobile operators, satellite communications, Internet of Things, and connected vehicles that fundamentally transform the way we think about communications, public and personal safety and economic efficiencies. The Company has offices and product development on four continents, including in its Austin, Texas headquarters; Kitchener, Ontario; Belgrade, Serbia; Sydney, Australia and now the United Kingdom. More information can be found at www.CarnegieTechnologies.com.
About Chemring Technology SolutionsChemring Technology Solutions, part of Chemring Group PLC, is a global provider of advanced Electronic Warfare (EW), Explosive Ordnance Disposal (EOD), and Communication Information Systems (CIS). Trusted by governments, national security and commercial customers to provide military and commercial advantage, its products are relied upon by the best equipped armed forces in the world, including the UK MOD and NATO allies.
Media Contact: Bridgette King For Carnegie Technologies +954.937.9616 bking@carnegietechnologies.com
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