Motorola Solutions, Inc. MSI announced that the Western Australian Police force integrated automatic number plate recognition (“ANPR”) system in their vehicles through Motorola’s PSCore mobile application. PSCore is a comprehensive mobile application from Motorola Solutions that combines situational awareness data from the Computer-Aided Dispatch system and productivity data from the Records Management System into one screen. This improves decision making and streamlines several critical functionalities such as dispatch, search, reporting and activity log.

The app is flexible and can be used with multiple devices such as smartphones, tablets or in-vehicle display systems. The solution gives officers unprecedented visibility across their patrol area, including access to critical information in real time and empowers them to act swiftly in case of an incident. This state-of-the-art application is installed in the WA police force’s entire fleet of 6,000 mobile devices. Since deployment, the application has become an essential component in operations as its advanced intuitive features reshape the digital policing strategy and significantly improve productivity and the safety of officers and the community.

The upgraded version of the app with ANPR capabilities has been deployed in 80 police vehicles. With access to the ANPR data in real time, the new feature will allow officers to quickly identify potential risks and make informed decisions faster. The feature also streamlines the documentation process, boosting the productivity of frontline workers.

MSI Rides on Product Innovation & Acquisition

The recent development highlights Motorola’s proactive approach to recognizing limitations and pinpointing areas of improvement in its solutions as per the emerging requirements of its customers. This customer-focused strategy will likely boost commercial prospects.

Motorola recently completed the acquisition of Theatro Labs, Inc. The company’s portfolio, which includes AI and voice-powered communication and digital workflow software for frontline workers, complements Motorola’s enterprise security technologies. Theatro has a strong presence in the U.S. retail space across all merchant categories. This strategic acquisition will bolster Motorola’s portfolio and drive innovation, allowing it to expand into new end markets such as retail, hospitality, education and more.

Will These Developments Drive MSI’s Share Performance?

As a leading provider of mission-critical communication products and services worldwide, Motorola has ensured a steady revenue stream from this niche market. The communications equipment maker intends to boost its position in the public safety domain by entering into strategic alliances with other players in the ecosystem.

Demand for advanced security solutions is expected to grow at a substantial rate in upcoming years. Recognizing this market trend, MSI is placing strong emphasis on strengthening its portfolio offerings through innovation and strategic acquisitions. This will likely bring long-term benefits.

MSI Stock’s Price Movement

The stock has gained 26.2% over the past year compared with the industry’s growth of 46.2%.

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MSI’s Zacks Rank & Stocks to Consider

Motorola currently carries a Zacks Rank #3 (Hold).

Here are some better-ranked stocks to watch.

InterDigital IDCC sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

In the trailing four quarters, it delivered an earnings surprise of 158.41%. It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.

Celestica Inc. CLS currently flaunts a Zacks Rank #1. The company provides competitive manufacturing technology and service solutions for printed circuit assembly and system assembly, as well as post-manufacturing support to many of the world's leading original equipment manufacturers.

United States Cellular Corporation USM sports a Zacks Rank of 1 at present. In the last reported quarter, it delivered an earnings surprise of 150%.

U.S. Cellular has taken concrete steps to accelerate subscriber additions and improve churn management. The company aims to offer the best wireless experience to customers by providing superior quality network and national coverage. It is well-positioned to support the investment required for network enhancements, including the deployment of 5G technology.

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