Programs to Feature Sales of DragonWave
and Fastback Radios in Response to New Government Restrictions on
Exports to Chinese Equipment Manufacturers
TUCSON,
Ariz., Feb. 15, 2023 /PRNewswire/ -- COMSovereign
Holding Corp. (NASDAQ: COMS and COMSP) ("COMSovereign" or the
"Company"), a U.S.-based developer of 4G LTE Advanced and 5G
communication systems today, in response to an increased number of
inquiries from domestic wireless networks and service providers, is
launching a refocused sales initiative designed to facilitate the
continued replacement of Chinese-made telecommunications hardware
currently installed by U.S. network operators.
In response to continued U.S. government actions to limit the
use of Chinese telecommunication equipment in domestic networks and
the sale of essential components and technology, COMSovereign has
begun working with its partners and customers to launch additional
sales programs. These programs feature the Company's DragonWave and
Fastback radio hardware with engineering, network design, testing,
integration, and network deployment services provided by approved
partners designed to deliver complete, turn-key solutions to
customers.
"Supporting investment into secure, American-made technology has
always been a cornerstone of COMSovereign's mission. We intend to
build upon our decades-long-history of providing trusted, reliable,
and secure wireless solutions such as our DragonWave and Fastback
radios to our commercial and government customers who are actively
seeking domestically produced solutions for their networks." said
David Knight, CEO and President of
COMSovereign. "Although 'rip and replace' is not a new requirement
for wireless networks, there continues to be thousands of operators
ranging from tier 1s down to small local services providers who
still have Chinese equipment in their networks that require
replacement. The most recent additional restrictions combined with
the progress we have made in our business transition makes now the
ideal time for us to re-double our efforts to capitalize on these
opportunities. We look forward to continuing to work with our
partners and to assisting our customers in meeting their current
and future requirements."
For more information about COMSovereign, please visit
www.COMSovereign.com and connect with us on Facebook and
Twitter.
About COMSovereign Holding Corp.
COMSovereign Holding
Corp. (Nasdaq: COMS) has assembled a portfolio of communications
technology companies that enhance connectivity across the entire
data transmission spectrum. Through strategic acquisitions and
organic research and development efforts, COMSovereign has become a
U.S.-based communications provider able to provide 4G LTE Advanced
and 5G telecom solutions to network operators and enterprises. For
more information about COMSovereign, please visit
www.COMSovereign.com.
Forward-Looking Statements
Certain statements in this
press release that are not historical facts are forward-looking
statements that reflect management's current expectations,
assumptions, and estimates of future performance and economic
conditions, and involve risks and uncertainties that could cause
actual results to differ materially from those anticipated by the
statements made herein. Forward-looking statements are generally
identifiable by the use of forward-looking terminology such as
"believe," "expects," "may," "looks to," "will," "should," "plan,"
"intend," "on condition," "target," "see," "potential,"
"estimates," "preliminary," or "anticipates" or the negative
thereof or comparable terminology, or by discussion of strategy or
goals or other future events, circumstances, or effects. Further
information relating to factors that may impact the Company's
results and forward-looking statements are disclosed in the
Company's filings with the SEC. The forward-looking statements
contained in this press release are made as of the date of this
press release, and the Company disclaims any intention or
obligation, other than imposed by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Contacts:
Steve Gersten, Director of
Investor Relations
COMSovereign Holding Corp.
813-334-9745
investors@comsovereign.com
and
Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
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SOURCE COMSovereign Holding Corp.