Guerrilla RF Announces Entry into the Satellite Communications Industry

Rhea-AI Summary

Guerrilla RF, Inc. (OTCQX: GUER) has announced its entry into the satellite communications (SATCOM) industry, targeting a market expected to grow from $29.98 billion in 2022 to $56.74 billion by 2029, representing a 9.54% compound annual growth rate. Key drivers include mobile applications and Internet of Things integration across various sectors. CEO Ryan Pratt emphasized the company’s commitment to addressing complex engineering challenges and its differentiation through high-performance semiconductors. Guerrilla RF's existing portfolio includes over 100 RF and microwave semiconductor devices, having shipped over 100 million units to date.

Positive

• Entered a lucrative SATCOM market projected to reach $56.74 billion by 2029.
• CEO highlights capability to address complex engineering challenges, positioning the company for growth.

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• None.

GREENSBORO, N.C.--(BUSINESS WIRE)-- Guerrilla RF, Inc. (OTCQX: GUER), the innovative fabless semiconductor company today announced its entry into the rapidly growing satellite communications (SATCOM) industry.

Guerrilla RF announces its entry into the rapidly growing satellite communications industry. (Graphic: Business Wire)

According to Fortune Business Insights, the global SATCOM industry will grow from $29.98 billion in 2022 to $56.74 billion by 2029, a 9.54% compounded annual growth rate. Market growth will be driven by mobile applications and “Internet of Things” integration in a wide range of industries including agriculture, asset tracking, aviation, defense, energy, navigation, and weather monitoring.

Growth in satellite communications has also brought complex engineering challenges. With the move to smaller satellites in low Earth orbits, satellite components need to be compact and capable of higher operating frequencies along with complex modulation schemes — all while still ensuring robust signal fidelity in extreme temperature, radiation, and interference conditions.

Ryan Pratt, CEO and founder of Guerrilla RF commented, “We have always sought to meet the growing demand for connectivity by solving complex engineering challenges and producing high-performance semiconductors in the 5G, automotive, and cellular booster industries. Our approach to solving the unique application challenges of customers combined with a catalog of high-performance parts is what differentiates us from our competition and will allow us to take share in the rapidly growing SATCOM industry.”

About Guerrilla RF, Inc.

Founded in 2013 and based in Greensboro, NC, Guerrilla RF develops and manufactures high-performance microwave integrated circuits (MMICs) for wireless OEMs in multiple market segments – including 5G/4G macro and small cell base stations, cellular repeaters/DAS, automotive telematics such as SDARS/V2X/GPS/DAB, military communications, navigation, and high-fidelity wireless audio. Guerrilla RF has an extensive portfolio of over 100 high-performance radio frequency (RF) and microwave semiconductor devices. The existing product line includes ultra-low noise amplifiers, gain blocks, driver amplifiers, mixers, RF switches, digital step attenuators (DSAs), and linear power amplifiers (PAs) – the critical building blocks for mission-critical, performance-driven wireless applications. To date, the company has shipped over 100 million devices and has repeatedly been included in Inc. Magazine's annual “Inc. 5000” list. Guerrilla RF recently made the top “Inc. 500” list for the second year in a row, coming in at No. 421 and 489 for the 2020 and 2021 rankings, respectively. For more information, please visit https://guerrilla-rf.com or follow the company on Twitter and LinkedIn.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. Forward-looking statements include projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact. Such statements are often characterized by the use of qualifying words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” or other statements concerning opinions or judgments of the company and its management about future events. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the company's control. Actual results may differ materially from those in the forward-looking statements as a result of several factors, including those described in the company's filings with the SEC available at www.sec.gov. Forward-looking statements speak only as of the date they are made. The company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005192/en/

Sam Funchess, VP of Investor Relations

sfunchess@guerrilla-rf.com

+1 336 510 7840

Source: Guerrilla RF, Inc.

FAQ

What is Guerrilla RF's entry into the SATCOM industry about?

Guerrilla RF has announced its entry into the satellite communications industry, focusing on high-performance semiconductors.

What is the projected growth of the SATCOM industry?

The SATCOM industry is projected to grow from $29.98 billion in 2022 to $56.74 billion by 2029.

Who is the CEO of Guerrilla RF?

The CEO of Guerrilla RF is Ryan Pratt.

What is Guerrilla RF's current market focus?

Guerrilla RF is focusing on high-performance semiconductors for the SATCOM industry and other applications.

How many semiconductor devices has Guerrilla RF shipped?

Guerrilla RF has shipped over 100 million semiconductor devices to date.