COMSovereign acquires RF engineering and energy assets and provides superior antenna design capabilities and gross sales channels for telecommunications networks
Vertical integration to improve COMSovereign’s 4G LTE and 5G radio offerings and establishment of fully developed internal sales channels for Tier 1 customers in the USA and Latin America –
DALLAS, July 16, 2021 / PRNewswire / – COMSovereign Holding Corp. (NASDAQ: COMS) (“COMSovereign” or the “Company”), a US-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions, today announced the acquisition of RF Engineering & Energy Resource (“RFEQ”) Specialist in the design, outsourced manufacture and sale of ultra high performance microwave antennas and other branded solutions for the wireless and wired industries in The United States and Latin America.
COMSovereign Holding Corp. (PRNewsfoto / COMSovereign Holding Corp.)
The terms of the transaction include a total consideration of approx. $ 2.2 million worth of blocked common shares and $ 550,000 in cash.
RFEQ has been a leading supplier of high quality microwave antennas and accessories for over 20 years. Offering the lowest cost of ownership in the industry, RFEQ has continued to innovate and expand, recently announcing the industry’s first universally licensed microwave antenna. By supporting frequencies of (6-42 GHz), customers can now reduce savings costs and make their networks securely future-proof by using this new universal plug-and-play architecture.
RFEQ has served the needs of global customers with expertise in advanced connectivity solutions including antennas, cellular boosters / modems / routers and IP TV solutions. RFEQ’s go-to-market strategy is to work with strategic North American sales partners who have a different focus on both geographic location and vertical concentration. RFEQ currently serves tier 1 telecommunications customers in The United States and everywhere Latin America including operators in Mexico like Telcel, AT&T Mexico and Claro.
“RFEQ has established itself as one of the world’s leading specialists in high-performance antenna design and has been a key partner and distributor of licensed microwave antenna systems for nearly two decades. This acquisitive acquisition brings many immediate benefits to COMSovereign, including enhancing our in-house wireless product development capabilities, which our Expand team with exceptionally talented and experienced engineers and provide a fully developed sales and distribution channel for world class customers, “said Dan Hodges, Chairman and CEO of COMSovereign Holding Corp. “We look forward to working with you Thomas Mansfield and the entire RFEQ team will become part of the COMSovereign family. “
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About COMSovereign Holding Corp.
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology companies that are improving connectivity across the spectrum of data transmission. Through strategic acquisitions and organic research and development efforts, COMSovereign has grown into a US-based communications provider capable of providing 4G LTE Advanced and 5G-NR telecommunications solutions to carriers and businesses. For more information on COMSovereign, please visit www.COMSovereign.com.
About HF technology & energy resources Energy
RF Engineering & Energy Resource provides product design, manufacturing outsourcing and sales of various branded solutions for the wireless and wireline industries. Offers a diverse range of products ranging from ultra-high-performance microwave antennas (2.4 GHz to 80 GHz) to sector / panel / omni / yagi (900 MHz to 5.95 GHz); RF Engineering & Energy Resources supports the most important manufacturers of today and through our universal interface we can support your investment in the future.
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, beliefs and estimates about future performance and economic conditions and involve risks and uncertainties that could cause the Actual results differ materially from the results expected by the statements made here. Forward-looking statements are generally identified by the use of forward-looking terminology such as “believe”, “expect”, “may”, “see”, “will”, “should”, “plan”, “intend”, “on condition”, ” Goal, “” see, “potentially”, “estimate”, “preliminary” or “anticipate” or the negative thereof or comparable terminology, or by discussing strategy or goals or other future events, circumstances, or effects. In addition, forward-looking statements in this press release include, but are not limited to, the impact of the current COVID-19 pandemic, which may restrict access to the Company’s facilities, customers, management, support staff and professional advisers, and and the provision of advanced language and training Data communications systems, demand for the company’s products and services, economic conditions in the United States and around the world, and the company’s ability to attract and retain management, technical, and sales personnel. Additional information about factors that could affect the company’s results and forward-looking statements are contained in the company’s filings with the SEC. The forward-looking statements contained in this press release speak as of the date of this press release, and the company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.
Steve Barley, Director of Investor Relations
COMSovereign Holding Corp.
External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group – MZ North America
Media relations for COMSovereign Holding Corp .:
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SOURCE COMSovereign Holding Corp.