COMSovereign Acquires Sky Sapience, Expanding Tethered Drone Merchandise Portfolio for Commercial Communications, Protection and Nationwide Security Marketplaces | Condition
5 min readDALLAS, March 1, 2021 /PRNewswire/ — COMSovereign Holding Corp. (NASDAQ: COMS) (“COMSovereign” or “Corporation”), a U.S.-based developer of 4G LTE State-of-the-art and 5G Conversation Techniques and Methods, right now introduced the acquisition of Israel-based Sky Sapience, a best developer of fielded tethered aerial rotorcraft platforms for defense, homeland stability and professional markets. The total acquire selling price was approximately $12.7 million, consisting of $2.7 million in cash and 2.55 million shares of frequent inventory.
Transaction Highlights
- Acquisition provides installed base of worldwide shoppers which includes Israeli protection forces
- Aerial Nationwide Stability system offerings for federal government clients which include U.S. Section of Homeland Protection (DHS) and Office of Defense (DOD)
- Innovative technologies including a fiber optic tether which allows protected, superior-capacity communications which include assistance for commercial 4G and 5G wireless networks
- Domestic creation in U.S. and in Israel to assist latest shoppers whilst increasing international industry access to clients searching for condition-of-the-art Surveillance and Reconnaissance (ISR) abilities or seeking to fast deploy commercial 4G or 5G networks
Since its founding in 2010, Sky Sapience’s tethered hovering technological innovation has offered prolonged-period, cellular and all-weather conditions Intelligence, Surveillance and Reconnaissance (“ISR”) capabilities to prospects all over the world for the two land and marine centered apps. Sky Sapience’s flagship HoverMast-line of quadrotor tethered drones aspect uninterruptible ground-centered power, fiber optic communications for cyber immunity, and the potential to function in GPS denied environments, providing radically improved situational consciousness and communications capabilities to users. The HoverMast is utilized in Israel for a variety of applications and is also deployed in a number of intercontinental marketplaces.
“The positive aspects of tethered aerial platforms in offering vital communications during emergencies or increased protection and situational consciousness by 24×7 aerial monitoring of significant infrastructure and alongside countrywide borders, is effectively regarded. That is why Sky Sapience has created a sizeable backlog and small business pipeline for the HoverMast which we consider can also be a ideal resolution for many instant unmet requirements in DHS and DOD here in the United States as nicely,” reported Chairman and CEO of COMSovereign Keeping Corp., Dan Hodges. “Additionally, Sky Sapience’s one of a kind fiber optic tether know-how will enable us to employ complete 4G or 5G airborne networks simultaneously with superior surveillance payloads in a solitary option, a sizeable competitive differentiator, bringing valuable new synergies to our aerial platform small business.
“Sky Sapience’s tethered hovering engineering is an excellent enhance to COMSovereign’s aerial platform enterprise, extending its capabilities for applications ranging from airborne wireless cellular networks to providing enhanced security on countrywide borders where by the HoverMast is now deployed by buyers. We look forward to joining COMSovereign and to quickly combine our systems so that we can meet the evolving needs of federal government, military and business finish consumers for fast deployable, communications and aerial checking alternatives,” claimed Gabriel Shachor, CEO and Founder, Sky Sapience.
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About COMSovereign Keeping Corp.
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology organizations that enhance connectivity across the full data transmission spectrum. As a result of strategic acquisitions and organic and natural research and advancement attempts, COMSovereign has come to be a U.S.-based mostly communications service provider capable to supply 4G LTE Highly developed and 5G-NR telecom solutions to network operators and enterprises. For more facts about COMSovereign, make sure you check out www.COMSovereign.com.
About Sky Sapience
Sky Sapience is the top provider of tethered hovering platforms which are field established throughout the world. The business was launched on huge military, business enterprise and engineering encounter. Its focused workforce members are experts in the fields of aeronautics, robotics, computer system programming, electronics and company management. The firm’s flagship solution collection, the HoverMast tethered hovering platform, delivers an extraordinary sizing-to-payload ratio, visibility, durability and security in all climate and light circumstances. The HoverMast serves top companies in army and homeland safety options, as effectively as in business and commercial environments worldwide.
Ahead-Hunting Statements
Selected statements in this push launch that are not historical points are ahead-on the lookout statements that mirror management’s current expectations, assumptions, and estimates of potential general performance and economic conditions, and require pitfalls and uncertainties that could lead to actual benefits to vary materially from people predicted by the statements created herein. Ahead-hunting statements are commonly identifiable by the use of ahead-hunting terminology this kind of as “believe,” “expects,” “may,” “appears to be like to,” “will,” “must,” “program,” “intend,” “on situation,” “target,” “see,” “probable,” “estimates,” “preliminary,” or “anticipates” or the damaging thereof or comparable terminology, or by discussion of strategy or targets or other foreseeable future activities, situation, or outcomes. What’s more, forward-seeking statements in this launch involve, but are not constrained to, the effect of the present-day COVID-19 pandemic, which might limit accessibility to the Company’s facilities, consumers, management, assistance staff, and skilled advisors, and to develop and produce state-of-the-art voice and details communications devices, desire for the Firm’s goods and companies, economic ailments in the U.S. and around the globe, and the Firm’s skill to recruit and keep administration, complex, and sales personnel. Even further info relating to elements that may perhaps affect the Firm’s results and ahead-seeking statements are disclosed in the Company’s filings with the SEC. The forward-on the lookout statements contained in this push launch are created as of the day of this press release, and the Enterprise disclaims any intention or obligation, other than imposed by law, to update or revise any ahead-seeking statements, whether as a result of new data, potential situations, or if not.
Contacts:
Steve Gersten, Director of Trader Relations
COMSovereign Keeping Corp.
813-334-9745
External Trader Relations:
Chris Tyson, Government Vice President
MZ Group – MZ North The united states
949-491-8235
and
Media Relations for COMSovereign Keeping Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
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Source COMSovereign Keeping Corp.
