GCT Semiconductor signs UAV licensing deal with utility provider
Get Alerts GCTS Hot Sheet
Join SI Premium – FREE
GCT Semiconductor Holding, Inc. (NYSE: GCTS) announced a licensing agreement with an unnamed infrastructure provider for utilities and IoT to develop unmanned aerial vehicle (UAV) control and communication technologies, according to a company press release.
As part of the agreement, GCT is establishing a defense vertical to support dual-use technology applications in mission-critical and defense operations. The partnership will include integration of GCT's GDM7243i connectivity solution and IoT module.
The two companies previously worked together in the utility sector, deploying GCT's IoT modules in smart metering and grid modernization projects. The new agreement extends that relationship into logistics, security, and defense-related applications.
"Our combined expertise in advanced connectivity and industrial-grade wireless systems positions us to deliver reliable, high-performance solutions that next-generation unmanned platforms demand," said John Schlaefer, CEO of GCT.
GCT is a fabless designer and supplier of 5G, 4G LTE, and satellite semiconductor solutions based in San Jose, California.
You May Also Be Interested In
- Fortitude Mining ups DCG credit facility to $50M, adds ZEC funding
- Zenta Group clarifies share count after ZentoAI acquisition
- Limbach names Adam Prior as VP of investor relations
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share