Saddle Ranch Media Inc. (OTC: SRMX) Stock Gains Momentum After The News

Those who may be looking into momentum stocks this morning could consider keeping an eye on the Saddle Ranch Media Inc. (OTC: SRMX) stock. The stock gained strong momentum yesterday after the company’s subsidiary unit, Tri Cascade Inc., announced the imminent launch of the TRITOM GX500G IoT 5G Modem.

Tri Cascade Inc. Unveils TRITOM GX500G IoT 5G Modem at Mobile World Congress Las Vegas

The product would be launched at the Mobile World Congress event scheduled to take place in Las Vegas from October 8 to October 10, 2024. In the news release, Tri Cascade described the TRITOM GX500G as a unique and powerful 5G modem meant for meeting the demands of industrial IoT, smart city infrastructure, remote connectivity, AI applications, rural connectivity, and enterprise networking.

The company went on to state that the path-breaking technology, which would offer broader connectivity, low latency, and strong protection features, marked a new standard for dependable 5G connections across a range of industries. It was also noted that the modem, which had been equipped with the Qualcomm Snapdragon X62 5G Modem, the first 10 Gigabit 5G modem in the world, would also upgrade to 5G Release 16 and thereby make it a future-proof product.

One of the other important features was easy integration since the modem would only need to be connected to an Ethernet cable to deliver connectivity. It remains to be seen if the Saddle Ranch stock continues to gain momentum today or not.

CEO Comment

“The GX500G addresses a crucial need for instant internet access in areas lacking existing infrastructure, such as construction sites,” said Max Li, CEO of Tri Cascade Inc. “Its low latency and high-speed capabilities make it indispensable for businesses requiring secure and fast connectivity, regardless of location.”