On July 28, 2026, the Seoul Central District Court ruled against Franklin Technology Inc., a South Korean subsidiary of Franklin Wireless Corp., ordering payment of approximately $3,673,336 in damages to Partron Co., Ltd. plus accrued interest at 5% per annum from November 4, 2022 through July 16, 2026 and post-judgment interest at 12% thereafter. The dispute concerns a commercial contract for device development and production. Franklin Wireless is reviewing the decision with legal counsel to evaluate options including an appeal and intends to vigorously defend its position. This company operates in the wireless communications technology industry.