Company Update (NASDAQ:CAMP): CalAmp Announces LMU-5530 4G Broadband Router for Fixed and Mobile Applications


(Marketwired) — 03/02/15 — CalAmp (NASDAQ:CAMP), a leading provider of wireless products, services and solutions,  introduced the LMU-5530™, the newest addition to its router and gateway product line for fixed and mobile applications. Featuring 4G connectivity and 3G fallback for reliable, ubiquitous wireless WAN access, the LMU-5530 has the networking, speed and security features to serve a broad set of mobile data applications such as commuter transportation, infotainment and connected car. The feature set of this new product is also well suited for fixed enterprise data applications like digital signage, kiosks, video surveillance and other office or remote site applications requiring reliable primary, temporary and/or back up internet connectivity.

The LMU-5530 features a powerful Linux OpenWrt 3.10 framework with extensive routing and IP security features that help prevent unauthorized access to internal networks and systems. The Linux core is tightly integrated with CalAmp’s PEG™ (Programmable Event Generator), an industry-leading onboard alert engine that continuously monitors the connected asset’s environment and responds instantly to pre-defined threshold conditions such as time, date, motion, location, geo-zone, as well as directly instrumented input lines. It also leverages CalAmp’s proprietary PULS™ (Programming, Update, and Logistics System) over-the-air device provisioning and maintenance utility to facilitate comprehensive device management for the entire deployment lifecycle.

The LMU-5530 boasts an impressive set of interfaces, wireless local area connectivity options and other features including:

  • Integrated 802.11 b/g/n/i Wi-Fi and Bluetooth® 4.0
  • Dual Ethernet ports
  • Two serial interfaces
  • External USB 2.0 interface
  • Extensive digital and analog I/O
  • Internal backup battery
  • Highly sensitive GPS tracking technology
  • CalAmp’s built-in patent-pending 3-axis accelerometer

“The LMU-5530 provides robust 4G connectivity with extensive routing and security features, making it ideal for a broad set of mobile and fixed applications,” said Greg Gower, Senior Vice President and General Manager of CalAmp’s MRM business. “The open, extensible Linux framework enables our partners to innovate and add demonstrable value for their customers and targeted markets.”

Available this spring, the LMU-5530 will be integrated and offered through CalAmp’s Application Solution Provider partners and authorized resellers. CalAmp plans to bring a higher-tier version, the LMU-7030™, to market later in the year, which will offer more features and capabilities, including additional ports, Ethernet connections, support for multiple SIM cards, and more peripheral and IP connections.

Shares of Calamp closed last Friday at $19.15 . CAMP has a 1-year high of $34.85 and a 1-year low of $14.74. The stock’s 50-day moving average is $18.07 and it’s 200-day moving average is $18.46.

On the ratings front, Calamp has been the subject of a number of recent research reports. In a report issued on January 19, Canaccord Genuity analyst Michael Walkley reiterated a Buy rating on CAMP, with a price target of $26, which implies an upside of 35.8% from current levels. Separately, on December 24, Northland Securities’ Michael Latimore reiterated a Buy rating on the stock and has a price target of $28.

CalAmp Corp provides wireless communications solutions applications to customers. Its business activities are organized into its Wireless DataCom and Satellite business segments.

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