COMSovereign and Intelligent Waves Partner for Secure 5G, Drone Platforms and Software-as-a-Service Solutions Sales to the Government and DoD Markets

Rhea-AI Summary

COMSovereign announced a partnership with Intelligent Waves to boost sales of its 5G, drone platforms, and SaaS solutions to government and Department of Defense (DoD) markets. Intelligent Waves, a trusted integrator for federal agencies including the U.S. Army and Air Force, will serve as an authorized solutions partner. This collaboration aims to leverage IW's expertise in cybersecurity, data science, and network engineering to enhance the sales, integration, and management of COMSovereign's hardware and software products.

Under the agreement, IW will handle the sales of COMSovereign's secure 5G connectivity, aerostat/drone platforms, and SaaS offerings like SIFF.IO's cloud-based network monitoring software. This partnership targets expanding COMSovereign's presence in the large and critical government sector.

Positive

• Partnership with Intelligent Waves enhances sales channels for COMSovereign's 5G and drone platforms.
• Access to large government and DoD markets through IW's established relationships.
• Potential for increased revenue from expanded sales into the government sector.
• Support from IW's expertise in cybersecurity, data science, and network engineering.
• Opportunity to leverage IW's nearly two decades of experience with federal contracts.

Negative

• Dependence on a single partner (Intelligent Waves) for access to government markets may pose a risk if the partnership fails.
• Potential for higher operational costs due to the integration and management services provided by Intelligent Waves.
• No immediate financial gains or specific revenue projections mentioned in the announcement.

Solutions Partnership Adds Enhanced Sales, Integration and Management Services Capabilities for COMSovereign’s Full Portfolio of Hardware and Software Offerings

TUCSON, AZ, June 18, 2024 (GLOBE NEWSWIRE) -- COMSovereign Holding Corp. (OTC: COMS and COMSP) (“COMSovereign” or the “Company”), a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions, today announced that it has added Intelligent Waves (IW) as a new solutions partner for its full array of hardware and software solutions and products as it seeks to expand its sales into the large Government and Department of Defense (DoD) markets.

Intelligent Waves is a leading integrator that delivers mission-focused, multi-domain operational expertise and innovation to the Government through high-impact technology solutions in cybersecurity, data science, enterprise network and systems engineering, software development, and platform mission support. IW has supported the needs of multiple federal agencies including the Department of Defense for nearly two decades under multiple contract vehicles for the U.S. Army and U.S. Air Force.

“For over 18 years, Intelligent Waves has built its reputation on the strength of its ability to provide advanced technology integration expertise to the U.S. DoD, one of the world’s largest and most demanding Government customers. As a specialist in serving the government sector, we look forward to their support as we seek to expand our access to this large and important market,” said David Knight, CEO and President of COMSovereign.

Under the terms of the agreement, IW will serve as an authorized solutions partner of COMSovereign’s full array of secure 5G wireless connectivity and aerostat/drone platforms. IW will also support the sales of the Software-as-a-Service (SaaS), cloud-based network change monitoring and compliance software from the Company’s partner, SIFF.IO. As a specialized provider of communications, security and networking technologies supporting the U.S. DoD, IW will serve as the Company’s integration and management services provider supporting sales to the U.S. Government.

Tony Crescenzo, President and Chief Executive Officer of Intelligent Waves, stated, "COMSovereign's exceptional assortment of innovative 'Made in the USA' hardware and software technologies and platforms can offer secure connectivity and capabilities to end users regardless of their location. This is why we are excited to apply our expertise and experience to meet the specific needs of government clients as COMSovereign's newest solutions partner.”

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. (OTC: 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.

About Intelligent Waves
Intelligent Waves delivers mission-focused multi-domain operational expertise & innovation to the Government through high-impact technology solutions in cybersecurity, data science, enterprise network & systems engineering, software development, & platform mission support. Always ready. Anytime. Anywhere. Any domain.

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:

Investor Relations for COMSovereign Holding Corp.
Steve Gersten, Director of Investor Relations
813-334-9745
investors@comsovereign.com

Media Relations for COMSovereign Holding Corp.
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net

Media Relations for Intelligent Waves
Gal Borenstein, CEO
The Borenstein Group
703-385-8178 x70

FAQ

What is COMSovereign's new partnership with Intelligent Waves?

COMSovereign has partnered with Intelligent Waves to enhance the sales and integration of its 5G, drone platforms, and SaaS solutions to government and DoD markets.

When was the partnership between COMS and Intelligent Waves announced?

The partnership was announced on June 18, 2024.

How will the partnership with Intelligent Waves benefit COMSovereign?

Intelligent Waves will enhance COMSovereign's sales channels and provide integration and management services for its hardware and software products.

What markets will COMSovereign target with this partnership?

COMSovereign aims to expand into the large Government and Department of Defense (DoD) markets.

What products will Intelligent Waves support for COMSovereign?

Intelligent Waves will support the sales of COMSovereign's secure 5G connectivity, aerostat/drone platforms, and SaaS offerings.