Franklin Wireless forms JV with MeiG Smart; Franklin 60% owner, contributes $3M

FRANKLIN WIRELESS CORP

Franklin Wireless (60%) and MeiG Smart (40%) form new Nevada corporation for telecom module sales.
Franklin contributes $3M and MeiG contributes $2M to the new corporation.
Board consists of three members; two appointed by Franklin, one by MeiG.
New company will engage in worldwide sales, marketing, and support for MeiG-provided modules.

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