Communications Systems, Inc., Launches “Software-as-a-Service” Private LTE Offering
November 02 2020 - 8:00AM
Business Wire
New business model is focused on making
higher margin, recurring and highly predictable services an
increasing proportion of future revenue
Communications Systems, Inc. (NASDAQ: JCS) ("CSI" or the
"Company"), an intelligent edge products and services company,
today announced the release of a Private LTE as a service offering
through a collaboration of its subsidiary Ecessa® with its
strategic partner Quortus.
Private LTE/5G offers new opportunities for enterprises and
governments to build wireless communication solutions for their
needs. Spectrum for Private LTE/5G applications is now available in
multiple countries, including the 3.5 GHz band (formerly Citizens
Broadband Radio Service (CBRS)) in the US. Private LTE offers
better coverage, more throughput and improved security compared
with traditional wireless solutions. It is currently being deployed
on college campuses, and is perfect for corporate campuses,
manufacturing plants, hospitals and any organization that needs to
deliver broadband wireless access to multiple buildings across
expanses of property.
Roger Lacey, CEO of CSI noted, “When we made strategic
investments in Ecessa and Quortus earlier this year, our objective
was to build out mobile edge capabilities, increase our
‘software-as-a-service’ recurring revenue stream, and create
long-term value. This new technology offering successfully
leverages those investments to deliver on all three of those
goals.”
“Working in close strategic partnership with CSI and its
subsidiary Ecessa, we are capitalizing on the growing global demand
and spectrum availability for private wireless networks,” said Mark
Bole, CEO at Quortus. “Together, we have the product capabilities
to deliver significant competitive advantage to organizations in
our target markets.”
“Ecessa has always been about making any network better by
adding traffic management, encryption, network failover and other
software-defined wide area network (SD-WAN) features,” said Mike
Siegler, Ecessa’s General Manager. “Making Private LTE networks
even more secure and reliable fits perfectly with our core
strengths.”
About Quortus
Quortus is a pioneering UK company that is changing the mobile
communications world using the best IT principles to create
innovative mobile communication software that is easy to deploy,
manage and scale. The company has created a software defined core
network technology platform and a suite of products that covers
3GPP 4G, 3G and GSM standards, in addition to taking the lead with
emerging technologies such as 5G, Mobile Edge Computing (MEC),
Private LTE and cellular core network virtualization. Learn more at
www.quortus.com.
About Ecessa Corporation
Ecessa Corporation, a Communications Systems Inc. company
(NASDAQ: JCS), manufactures and distributes software-defined wide
area networking (SD-WAN) solutions for business. Since 2002, the
company has deployed over 10,000 field installations of Ecessa
Edge®, PowerLink®, and WANworX® controllers and enabled
organizations of all sizes to reliably run Internet and cloud-based
applications, connect offices worldwide and distribute traffic
among a fabric of multiple, diverse ISP links, ensuring business
continuity by removing bottlenecks and eliminating network
downtime. These capabilities optimize Never Down® performance of
business-critical applications, aid in lowering IT costs, and make
it easier to provision, maintain and support business networks and
the applications that run over them. For more information about
Ecessa and its SD-WAN products, visit www.ecessa.com.
About Communications Systems
Communications Systems, Inc., an IoT intelligent edge products
and services company, provides connectivity infrastructure and
services for global deployments of broadband networks. Focusing on
innovative, cost-effective solutions, CSI provides customers the
ability to deliver, manage, and optimize their broadband network
services and architecture. From the integration of fiber optics in
any application and environment to efficient home voice and data
deployments to optimization of data and application access, CSI
provides tools for maximum utilization of the network from the edge
to the user. With partners and customers in over 50 countries, CSI
has built a reputation as a reliable global innovator focusing on
quality and customer service. CSI operates Transition Networks,
Net2Edge, JDL Technologies, and Ecessa. For more information visit:
commsysinc.com.
Forward Looking Statement
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding future financial
performance, future growth and future acquisitions. These
statements are based on Communications Systems’ current
expectations or beliefs and are subject to uncertainty and changes
in circumstances. Actual results may vary materially from those
expressed or implied by the statements here due to changes in
economic, business, competitive or regulatory factors, and other
risks and uncertainties affecting the operation of Communications
Systems’ business. These risks, uncertainties and contingencies are
presented in the Company’s Annual Report on Form 10-K and, from
time to time, in the Company’s other filings with the Securities
and Exchange Commission. The information set forth herein should be
read in light of such risks. Further, investors should keep in mind
that the Company’s financial results in any particular period may
not be indicative of future results. Communications Systems is
under no obligation to, and expressly disclaims any obligation to,
update or alter its forward-looking statements, whether as a result
of new information, future events, changes in assumptions or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20201102005299/en/
Communications Systems, Inc. Mark D. Fandrich Chief Financial
Officer 952-582-6416 mark.fandrich@commsysinc.com
Roger H. D. Lacey Chief Executive Officer 952-996-1674
The Equity Group Inc. Lena Cati Vice President 212-836-9611
lcati@equityny.com
Devin Sullivan Senior Vice President 212-836-9608
dsullivan@equityny.com
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