COMSOVEREIGN HOLDING CP - COMS STOCK NEWS

COMSovereign Holding Corp. (NASDAQ: COMS) has expanded its Advisory Board by adding five industry experts to enhance its strategic focus in the 5G sector. These professionals bring extensive experience from telecommunications, technology, and homeland security, aiming to accelerate the development and integration of advanced 4G LTE and 5G solutions. Notable new members include David Wiley from Widelity, Rear Admiral Jay Cohen, and former Qualcomm VP Cormac Conroy. Their insights are expected to strengthen COMSovereign's position within the U.S. 5G ecosystem and government networks.

COMSovereign Holding Corp. (NASDAQ: COMS) is set to present at the virtual 'Summer Solstice – Best Ideas from the Buy-Side' conference from June 1-4, 2021. CEO Dan Hodges will speak on June 1 at 2:00 PM ET. The event aims to showcase top investment ideas, featuring 25 companies recommended by institutional investors. Attendees can access the presentation via webcast, available for replay post-event. For one-on-one meetings or further inquiries, interested parties can reach out via email. More details on registration and the conference can be found on the MicroCap Rodeo website.

COMSovereign Holding Corp. (NASDAQ: COMS) announced its acquisition of SAGUNA Network LTD for $13.1 million in restricted common stock. SAGUNA is an industry leader in Multi-Access Edge Computing (MEC) and will enhance COMSovereign's offerings in 5G wireless networks. The deal is set to close in approximately 15 days, pending standard conditions. The acquisition aims to leverage SAGUNA's cloud-based solutions to improve network efficiency and expand COMSovereign's market reach, providing immediate synergies and existing revenue streams.

COMSovereign Holding Corp. (NASDAQ: COMS) announced its financial results for Q1 2021, reporting revenues of $2,086,452, down from $2,485,204 in Q1 2020, primarily due to delayed deployment of capital from recent public offerings. Gross profit decreased to $1,012,462 with a margin of 49%. Operating expenses rose to $11,308,616 from $7,567,459 year-over-year, driven by expansion and acquisition costs. The company ended the quarter with $10.9 million in cash and approximately $19 million in debt. Significant investments were made to enhance production capabilities and address growing customer orders.

COMSovereign Holding Corp. (NASDAQ: COMS) will host a conference call on May 17, 2021, at 4:30 p.m. Eastern time to discuss its Q1 2021 financial results. Details will be released prior to the call. The conference will be led by CEO Dan Hodges and will include a Q&A session. Interested parties can join via a toll-free dial-in number or through the company's investor relations website. A replay will be available after the call until May 24, 2021.

COMSovereign Holding Corp. (NASDAQ: COMS) announced a Cooperative Research and Development Agreement (CRADA) with the National Institute of Standards and Technology (NIST) to assess 5G distributed systems for public safety applications. This partnership allows engineers from NIST and COMSovereign's Virtual NetCom (VNC) to test 5G technologies, focusing on deployment feasibility and service quality. This marks the second CRADA between VNC and NIST, the first of which evaluated airborne 4G LTE solutions.

COMSovereign Holding Corp. (NASDAQ: COMS) reports significant progress in its strategic growth phase, bolstered by a $43 million capital raise. The company is ramping up production of 4G LTE and 5G communication systems, with its DragonWave and Fastback units seeing rising demand from over 700 telecom customers. New product releases, including the Polaris line of advanced radios, are anticipated in late Q3, promising enhanced performance. COMSovereign is committed to building a domestic manufacturing base in Tucson, Arizona, aiming to establish itself as a leader in US-sourced telecom equipment.

DragonWave, a unit of COMSovereign Holding Corp. (NASDAQ: COMS), has announced the provision of its IBR-1300 radios to the City of Ann Arbor, Michigan, in partnership with Lumens Technologies. This collaboration aims to enhance the smart city’s infrastructure by providing a high-capacity backbone for its monitoring and management network. The IBR-1300 radios operate in license-free RF spectrum and are designed to adapt to challenging environments, ensuring reliable connectivity. This initiative signifies an important step in the growing demand for smart city tech solutions.

COMSovereign Holding Corp. (NASDAQ: COMS) has appointed telecom expert David K. Bain as Chairman of its Advisory Board alongside four industry leaders. The Advisory Board aims to enhance the development of 4G LTE and 5G technologies for public and private networks. Bain, with over 25 years in the telecom sector, emphasizes COMSovereign's innovation potential in redefining 5G's technological landscape. The Board's members include notable figures like Steve DelBianco and Art Roderick. This strategic move is expected to strengthen COMSovereign's market position and technology integration efforts.