COMSovereign Acquires Sky Sapience, Expanding Tethered Drone Product Portfolio for Business Communications, Defense and Countrywide Stability Marketplaces
5 min readDALLAS, March 1, 2021 /PRNewswire/ — COMSovereign Keeping Corp. (NASDAQ: COMS) (“COMSovereign” or “Business”), a U.S.-centered developer of 4G LTE Superior and 5G Conversation Programs and Options, now introduced the acquisition of Israel-centered Sky Sapience, a major developer of fielded tethered aerial rotorcraft platforms for protection, homeland safety and commercial markets. The complete invest in price tag was somewhere around $12.7 million, consisting of $2.7 million in cash and 2.55 million shares of widespread inventory.
Transaction Highlights
- Acquisition provides mounted foundation of global shoppers including Israeli security forces
- Aerial Countrywide Security platform choices for government consumers together with U.S. Office of Homeland Stability (DHS) and Section of Defense (DOD)
- Innovative technologies which includes a fiber optic tether which enables safe, high-capability communications like help for business 4G and 5G wireless networks
- Domestic production in U.S. and in Israel to assist recent purchasers when growing worldwide marketplace access to buyers looking for condition-of-the-art Surveillance and Reconnaissance (ISR) abilities or hunting to rapidly deploy professional 4G or 5G networks
Considering that its founding in 2010, Sky Sapience’s tethered hovering technological know-how has presented lengthy-duration, mobile and all-weather conditions Intelligence, Surveillance and Reconnaissance (“ISR”) capabilities to customers globally for both land and marine based applications. Sky Sapience’s flagship HoverMast-line of quadrotor tethered drones element uninterruptible ground-dependent power, fiber optic communications for cyber immunity, and the ability to run in GPS denied environments, providing significantly improved situational recognition and communications abilities to people. The HoverMast is utilized in Israel for a variety of programs and is also deployed in various worldwide marketplaces.
“The gains of tethered aerial platforms in offering significant communications during emergencies or enhanced safety and situational consciousness through 24×7 aerial checking of critical infrastructure and alongside national borders, is properly recognized. That is why Sky Sapience has developed a significant backlog and organization pipeline for the HoverMast which we feel can also be a fantastic answer for a lot of instant unmet wants in DHS and DOD here in the United States as properly,” reported Chairman and CEO of COMSovereign Keeping Corp., Dan Hodges. “In addition, Sky Sapience’s one of a kind fiber optic tether technological innovation will enable us to put into action comprehensive 4G or 5G airborne networks concurrently with innovative surveillance payloads in a single answer, a important aggressive differentiator, bringing precious new synergies to our aerial platform organization.
“Sky Sapience’s tethered hovering technological know-how is an perfect complement to COMSovereign’s aerial system business, extending its capabilities for purposes ranging from airborne wireless mobile networks to providing improved protection on countrywide borders wherever the HoverMast is by now deployed by clients. We appear ahead to becoming a member of COMSovereign and to promptly integrate our systems so that we can fulfill the evolving needs of authorities, military and business conclusion people for speedily deployable, communications and aerial monitoring alternatives,” stated Gabriel Shachor, CEO and Founder, Sky Sapience.
For far more information about COMSovereign, please check out www.COMSovereign.com and link with us on Fb and Twitter.
About COMSovereign Keeping Corp.
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology corporations that enrich connectivity across the entire facts transmission spectrum. By strategic acquisitions and organic and natural exploration and progress endeavours, COMSovereign has turn into a U.S.-based mostly communications company equipped to give 4G LTE Highly developed and 5G-NR telecom answers to community operators and enterprises. For more information and facts about COMSovereign, remember to pay a visit to www.COMSovereign.com.
About Sky Sapience
Sky Sapience is the leading supplier of tethered hovering platforms which are industry confirmed around the world. The enterprise was launched on broad armed service, organization and engineering working experience. Its focused staff users are authorities in the fields of aeronautics, robotics, personal computer programming, electronics and business enterprise management. The firm’s flagship item collection, the HoverMast tethered hovering platform, provides an excellent measurement-to-payload ratio, visibility, toughness and security in all temperature and mild situations. The HoverMast serves main organizations in navy and homeland safety configurations, as perfectly as in enterprise and business environments throughout the world.
Ahead-Hunting Statements
Specified statements in this push release that are not historic details are ahead-seeking statements that reflect management’s present expectations, assumptions, and estimates of potential efficiency and financial situations, and involve threats and uncertainties that could induce real success to vary materially from individuals predicted by the statements manufactured herein. Forward-on the lookout statements are commonly identifiable by the use of forward-searching terminology such as “consider,” “expects,” “may perhaps,” “looks to,” “will,” “must,” “plan,” “intend,” “on condition,” “target,” “see,” “possible,” “estimates,” “preliminary,” or “anticipates” or the damaging thereof or equivalent terminology, or by dialogue of technique or plans or other long term events, conditions, or results. Additionally, forward-seeking statements in this launch include, but are not constrained to, the effects of the recent COVID-19 pandemic, which may perhaps restrict access to the Firm’s facilities, shoppers, management, assistance team, and qualified advisors, and to establish and provide highly developed voice and information communications methods, need for the Company’s goods and services, economic disorders in the U.S. and around the world, and the Firm’s capacity to recruit and keep management, complex, and revenue personnel. More data relating to elements that may well effect the Company’s effects and forward-looking statements are disclosed in the Company’s filings with the SEC. The ahead-searching statements contained in this push release are built as of the date of this press release, and the Business disclaims any intention or obligation, other than imposed by regulation, to update or revise any ahead-on the lookout statements, no matter whether as a final result of new information, long term functions, or normally.
Contacts:
Steve Gersten, Director of Trader Relations
COMSovereign Holding Corp.
813-334-9745
[email protected]
External Trader Relations:
Chris Tyson, Govt Vice President
MZ Team – MZ North The us
949-491-8235
[email protected]
www.mzgroup.us
and
Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
[email protected]
Source COMSovereign Keeping Corp.
