Vislink Extends Position in Airborne Video Downlink Systems Market with Acquisition of Broadcast Microwave Services (BMS) Assets
September 15 2023 - 7:00AM
Vislink Technologies, Inc. (“Vislink” or
the “Company”) (NASDAQ: VISL), a global technology leader
in the capture, delivery, and management of high-quality, live
video and associated data in the media and entertainment, law
enforcement, and defense markets, has acquired the majority assets
of Broadcast Microwave Services, LLC (BMS), a provider of wireless
microwave equipment for video and data transmission.
BMS Overview
BMS designs and manufactures microwave
technology systems that serve a diverse customer base in government
surveillance, law enforcement, uncrewed aerial vehicles (UAV), and
unmanned ground vehicles (UGV) markets. BMS offers a complete suite
of mission-critical solutions, allowing reliable, long-range data
transmission in the most demanding environments. With over 30 years
of experience in real-time microwave transmission, BMS has
longstanding relationships with customers in the United States,
Europe, Asia, and the Middle East (EMEA).
BMS Asset Acquisition Summary and
Rationale
- Grows Vislink’s leading position as
one of the largest and most technically advanced Airborne Video
Downlink Systems (AVDS) provider.
- Provides Vislink with a
well-established customer base in the MilGov sector, further
strengthening the Company’s international footprint, especially in
EMEA.
- Presents Vislink with an attractive
opportunity to upsell and cross-sell its industry-leading AVDS
products across the expansive BMS customer network.
- Expands Vislink’s opportunities to
penetrate the burgeoning public safety, defense, and federal
government markets.
- Bolsters Vislink’s ability to
flexibly deploy capital to evolve its platform to best meet
customers’ needs.
Management Commentary
“BMS is a well-established international player
in the AVDS space,” said Vislink CEO Mickey Miller. “By adding its
assets to Vislink, we are consolidating the market and extending
our position as the leading worldwide provider of AVDS products. We
look forward to driving new sales to a larger customer base with an
increased focus on the growing public safety market. Our strong
balance sheet allows us to meet the needs of current BMS customers,
while our industry-leading technology provides us with an
attractive opportunity to up-sell and cross-sell our solutions.
With the addition of BMS assets, we are even better positioned to
scale our business in the growing MilGov sector.”
Note on Forward-looking Statements
Certain statements in this press release are
forward-looking statements that involve substantial risks and
uncertainties for purposes of the safe harbor provided by the
Private Securities Litigation Reform Act of 1995. Any statements,
other than statements of historical fact included in this press
release, including those regarding the Company’s acquisition of BMS
assets and expected opportunities and synergies, strategy, future
operations, future revenues, growth, profitability results and
financial position, risks of supply chain constraints and
inflationary pressures, projected expenses, prospects, plans
including footprint and technology asset consolidations, objectives
of management, new capabilities, product and solutions launches
including wireless microwave equipment and AI-assisted and 5G
streaming technologies, expected contract values, projected
pipeline sales opportunities, acquisitions integration, and
expected market opportunities across the Company’s operating
segments including the live event production market, the effects of
the COVID-19 pandemic, the sufficiency of the Company’s capital
resources to fund the Company’s operations and any statements
regarding future results are forward-looking statements. Vislink
may not actually achieve the plans, carry out the intentions or
meet the expectations or projections disclosed in any
forward-looking statements such as the foregoing and you should not
place undue reliance on such forward-looking statements. Such
statements are based on management’s current expectations and
involve risks and uncertainties, including those discussed in
Vislink’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2022, filed with the Securities and Exchange
Commission (“SEC”) on March 31, 2023, and in subsequent filings
with, or submissions to, the SEC from time to time.
The statements made in this press release speak
only as of the date stated herein, and subsequent events and
developments may cause the Company’s expectations and beliefs to
change. While the Company may elect to update these forward-looking
statements publicly at some point in the future, the Company
specifically disclaims any obligation to do so, whether as a result
of new information, future events or otherwise, except as required
by law. These forward-looking statements should not be relied upon
as representing the Company’s views as of any date after the date
stated herein.
About Vislink Technologies, Inc.
Vislink Technologies is a global technology
leader in the capture, delivery, and management of high-quality,
live video, and associated data in the media and entertainment, law
enforcement, and defense markets. With a renowned heritage in video
communications encompassing over 50 years, Vislink has
revolutionized live video communications by delivering the
highest-quality video from the scene, even in the most challenging
transmission conditions. Through its Mobile Viewpoint product
lines, Vislink also provides live streaming solutions using bonded
cellular, 5G, and AI-driven technologies for automated news and
sports productions. Vislink’s innovative solutions enable
broadcasters and public safety agencies to capture and share live
video seamlessly and securely, ensuring they can stay connected
with their audiences, teams, and operations. Vislink’s shares of
common stock are publicly traded on the Nasdaq Capital Market under
the ticker symbol “VISL.” For more information,
visit www.vislink.com.
Media Contact:Charlotte van Hertum
Vislinkcharlotte.vanhertum@vislink.com
Investor Relations Contact:Matt Glover and Alec
WilsonGateway Group, Inc.VISL@gateway-grp.com
Vislink Technologies (NASDAQ:VISL)
Historical Stock Chart
From Apr 2024 to May 2024
Vislink Technologies (NASDAQ:VISL)
Historical Stock Chart
From May 2023 to May 2024