DALLAS, Feb. 24, 2021 /PRNewswire/ -- COMSovereign
Holding Corp. (NASDAQ: COMS) ("COMSovereign" or "Company"), a
U.S.-based developer of 4G LTE Advanced and 5G Communication
Systems and Solutions, has engaged international investor relations
specialists MZ Group (MZ) to lead a comprehensive strategic
investor relations and financial communications program across all
key markets.
MZ Group will work closely with COMSovereign management to
develop and implement a comprehensive capital markets strategy
designed to increase the Company's visibility throughout the
investment community. The campaign will highlight an
'All-American, End-to-End, Network Play' that delivers a
full range of 4G LTE and 5G+ technologically advanced telecom
solutions to mobile network operators, service providers, the
governmental and enterprises worldwide. COMSovereign recently
completed an uplisting to the NASDAQ Capital Market and executed
two transformative public common stock offerings totaling
approximately $43.6 million. The new
capital enabled the Company to complete the acquisition of Fastback
Networks, a leading provider of intelligent backhaul radios ("IBR")
designed for Tier 1 service providers. The funding also allowed the
Company to close on its new 140,000 sq. ft. manufacturing facility
in Tucson, Arizona where it will
ramp-up production of its new line of 4G LTE and 5G wireless radios
and electronics products, along with intelligent battery and backup
power supply systems, as well as its drone and aerostat
platforms.
MZ has developed a distinguished reputation as a premier
resource for institutional investors, brokers, analysts and private
investors and maintains offices worldwide.
Chris Tyson, Executive Vice
President at MZ North America, will advise COMSovereign's IR team
in all facets of investor relations including the coordination of
roadshows and investment conferences across key cities and building
brand awareness with financial and social media outlets.
Ted Haberfield, Chairman &
President of MZ Group North America, commented: "The global telecom
market continues to see aggressive growth driven by increased data
consumption by consumers and the need for next-generation-ready
network equipment for 5G. Over the past several years, COMSovereign
has assembled a portfolio of advanced wireless communications
hardware and software technologies, significantly expanding the
breath of its service offerings. These leading technologies are
designed to enable the rapid adoption of 5G which is strategically
important to the future economic growth of the country and to the
capability of its military. The Company is well-positioned to grow
the value of its technology as it develops unique products designed
to meet the next generation demands of telecom customers around the
globe. This creates untapped value which presents an exciting
opportunity, and we look forward to sharing this with our network
of institutional, family offices and retail investors."
Chris Tyson added: "COMSovereign
has been delivering cutting-edge products like DragonWave-X's
best-in-class backhaul radio systems for nearly two decades with
units installed at over 330,000 locations in 100 countries for over
700 companies, making it the 2nd largest provider of
microwave backhaul equipment in the
United States. As a pioneer in 5G and 'next-Generation'
("nG") technologies with carrier-grade, innovative AI-driven
hardware and software including the world's first miniaturized,
fully virtualized 5G network Core (vCore), COMSovereign is ready to
support the evolution of wireless communications. We look forward
to working with management to communicate the immense value
proposition COMSovereign represents based on its increasing revenue
and gross margin profiles," concluded Tyson.
"With a full range of network hardware and software product
lines in place, we are highly focused on executing on our sales
roadmap over the coming 12 months," said Dan Hodges, Chairman and CEO of COMSovereign
Holding Corp. "Our cutting-edge technology and breadth of product
offerings will enable us to serve an increasing range of customers
by filling critical gaps in existing telecom solutions. In the
U.S., our primary market, we are focused on developing new
opportunities in the telecom infrastructure space, capitalizing on
our unique position as one of very few fully U.S.-based providers
of telecommunications equipment and services to rapidly increase
our near-term domestic sales. We look forward to working with Chris
and the entire team at MZ Group to communicate our proven track
record of engineering breakthrough telecom technology to the
broader investment community, building long-term value for our
shareholders," concluded Hodges.
For more information on COMSovereign, please visit the Company's
investor relations website at www.comsovereign.com. To schedule a
conference call with management, please email your request to
COMS@mzgroup.us or call Chris Tyson
at 949-491-8235.
About MZ Group
MZ North America is the US division of MZ Group, a global leader
in investor relations and corporate communications. MZ North
America was founded in 1996 and provides full scale Investor
Relations to both private and public companies across all
industries. Supported by our exclusive one–stop–shop approach, MZ
works with top management to support the clients' business strategy
in six integrated product and service categories: 1) IR Consulting
& Outreach – full service investor relations and roadshow
services; 2) ESG Consulting – reporting technology platform and
audit and reporting guidance; 3) SPAC Advisory – providing critical
and timely guidance through business combination; 4) Financial
& Social Media – lead generation and social media relations; 5)
Market Intelligence – real time ownership monitoring; 6) Technology
Solutions – webhosting, webcasting, distribution services,
conference calls, CRM, and board portals. MZ North America has a
global footprint with offices located in New York, Chicago, San
Diego, Aliso Viejo,
Austin, Minneapolis, Taipei and São Paulo.
About COMSovereign Holding Corp.
COMSovereign Holding Corp. (Nasdaq: 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-NR telecom
solutions to network operators and enterprises. For more
information about COMSovereign, please visit
www.COMSovereign.com.
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. Moreover, forward-looking statements in
this release include, but are not limited to, the impact of the
current COVID-19 pandemic, which may limit access to the Company's
facilities, customers, management, support staff, and professional
advisors, and to develop and deliver advanced voice and data
communications systems, demand for the Company's products and
services, economic conditions in the U.S. and worldwide, and the
Company's ability to recruit and retain management, technical, and
sales personnel. 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:
Steve Gersten, Director of
Investor Relations
COMSovereign Holding Corp.
813-334-9745
investors@comsovereign.com
External Investor Relations:
Chris Tyson, Executive
Vice President
MZ Group - MZ North America
949-491-8235
COMS@mzgroup.us
www.mzgroup.us
and
Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
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SOURCE COMSovereign Holding Corp.