HAUPPAUGE, N.Y. and SAN JOSE, Calif., April 16, 2025 /PRNewswire/ — Orbic North The united states, LLC (“Orbic”), a world chief in cellular era innovation, and GCT Semiconductor Retaining, Inc. (“GCT”) (NYSE: GCTS), a eminent clothier and provider of complex 5G and 4G semiconductor answers, lately introduced the signing of a letter of intent (LOI) for a partnership to collectively create and provide an Orbic-branded cellular hotspot and FWA gateway using a Verizon-certified 5G module in response to GCT’s pristine 5G chipset.  The LOI outlines the framework for collaboration between the events, together with phrases similar to quantity purchases for provide to Verizon and alternative operators. 

As a part of the collaborative multi-phase marketplace rollout, Orbic and GCT will to start with center of attention on units for the Verizon community. Moreover, they are going to deal variations of the module and units, together with cellular hotspots and CPEs, to alternative community operators international.  GCT will backup the joint construction and technical efforts through offering core services and products, together with technical experience, and chipsets for quantity manufacturing necessities.

“We are thrilled to partner with Orbic, a trusted and established Verizon supplier, to embark on the development and supply of a state-of-the-art 5G module for mobile hotspots and FWA gateways,” says John Schlaefer, CEO of GCT. “This collaboration underscores GCT’s commitment to innovation and delivering cutting-edge 5G technology solutions.  As we work together to create a Verizon-certified 5G module, we are confident that the new Orbic-branded devices using the GCT 5G chipset will set new standards for connectivity and performance.”

“By combining Orbic’s cutting-edge 5G device innovation with GCT’s deep expertise in advanced wireless connectivity, we are strengthening our ability to deliver transformative solutions,” stated Mike Narula Founder, and CEO of Orbic. “This partnership will not only broaden the reach of our wireless access innovations but also extend the benefits of wireless connectivity without the need for traditional copper connection, all while ensuring exceptional service quality.”

Orbic is construction a cutting-edge production facility in Hauppauge, NY which will probably be applied for production CPE, Cell Hotspot, Smartphones and Pills.

The partnership pondered through the LOI is matter to the negotiation of and access into definitive oaths, and the events intend to finish this procedure once practicable. 

About Orbic 

Orbic, a US-headquartered era corporate primarily based in Unused York, reimagines the attached enjoy through considering outdoor of the mainstream. The usage of best-in-class era, Orbic supplies significant options to shoppers in search of one thing distinctive and out there to all, with out exclusion. As a pacesetter in growing and production leading edge cellular answers for shrewd, value-tech shoppers, Orbic trade in a complete portfolio of attached answers from smartphones and capsules to cellular hotspots and attached pc. Orbic’s intensive world ecosystem of companions, providers, and carriers guarantees that their merchandise ship remarkable price and function, making top of the range era out there to a much wider target audience.  For more info, talk over with www.orbic.us.

About GCT Semiconductor

GCT is a eminent fabless clothier and provider of complex 5G and 4G LTE semiconductor answers. GCT’s market-proven answers have enabled rapid and worthy 4G LTE connectivity to various industrial units akin to CPEs, cellular hotspots, routers, M2M programs, smartphones, and so on., for the sector’s manage wi-fi carriers. GCT’s system-on-chip answers combine radio frequency, baseband modem and virtual sign processing purposes, subsequently providing entire 4G and 5G platform answers with little mode elements, low energy intake, top efficiency, top reliability, and cost-effectiveness. For more info, talk over with www.gctsemi.com.

 Contacts:

Orbic North The united states, LLC

GCT Semiconductor:

• GCT Investor members of the family web page: traders.gctsemi.com
• GCT Investor members of the family touch: Gateway Staff, Matt Glover & Ralf Esper, [email protected]
• GCT Media touch: [email protected]

Cautionary Commentary Referring to Ahead-Taking a look Statements

This press loose incorporates positive forward-looking statements inside the that means of the “safe harbor” provisions of the Personal Securities Litigation Reform Occupation of 1955. Those forward-looking statements come with, with out limitation, statements relating to GCT’s partnership with Orbic and the improvement of 5G merchandise. Phrases akin to “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and homogeneous expressions are supposed to spot such forward-looking statements. Ahead-looking statements are predictions, projections and alternative statements about date occasions which can be in response to stream expectancies and suppositions and, in consequence, are matter to important dangers and uncertainties that might reason the latest effects to range materially from the predicted effects. These kind of elements are outdoor the Corporate’s regulate and are tough to are expecting. Components that can reason latest date occasions to range materially from the predicted effects, come with, however aren’t restricted to: the power of the Corporate to create its 5G merchandise and generate income; the power of the Corporate to go into into and meet the tasks below partnership and collaboration oaths; the power of the Corporate to develop and lead enlargement profitability and secure its key staff; the Corporate’s monetary and trade efficiency, together with the Corporate’s monetary projections and trade metrics; adjustments within the Corporate’s technique, date operations, monetary place, estimated revenues and losses, forecasts, projected prices, potentialities and plans; the Corporate’s incapability to await the date marketplace calls for and date wishes of its shoppers; the have an effect on of quality shortages, providers’ insufficiency of manufacturing capability, herbal screw ups or pandemics at the Corporate’s sourcing operations and provide chain; the Corporate’s date capital necessities and resources and makes use of of money; the power of the Corporate to boost adequate capital to capitaltreasury its operations; the power to enforce trade plans, forecasts, and alternative expectancies, together with the expansion of the 5G marketplace; the danger that the Corporate won’t have the ability to pay off its debt; the danger of financial downturns that has effects on the Corporate’s trade operation and monetary efficiency; the danger that the Corporate won’t have the ability to create and design its merchandise applicable to its shoppers; latest or doable conflicts of pastime of the Corporate’s control with its folk stockholders; and alternative dangers and uncertainties indicated from future to future within the Corporate’s filings with SEC, together with the Annual File on Method 10-Ok for the fiscal while ended December 31, 2024 and the ones disclosures below the “Risk Factors” divisions therein. The foregoing listing of things isn’t exhaustive. Ahead-looking statements discuss simplest as of the year they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and the Corporate assumes disagree legal responsibility and does now not intend to replace or revise those forward-looking statements, whether or not on account of pristine knowledge, date occasions, or differently.

SOURCE Orbic