DALLAS, Sept. 30,
2022 /PRNewswire/ -- COMSovereign Holding Corp.
(NASDAQ: COMS) ("COMSovereign" or the "Company"), a U.S.-based
developer of 4G LTE Advanced and 5G Communication Systems and
Solutions today outlined its going efforts to expand the value of
its intellectual property ("IP") portfolio as part of its ongoing
As an innovator in advanced wireless transmission technologies
underlying both 4G and 5G wireless networks, the Company continues
to pursue opportunities to monetize the value of its IP. To date,
the Company holds approximately 130 patents granted in the United States and foreign jurisdictions
and approximately 25 patent applications pending. These pending
patents, several which have been formally accepted by the US Patent
and Trademark Office ("USPTO"), cover an array of critical wireless
networking technologies supporting the latest 5G Mobile Broadband
Standard as defined by 3GPP in Release 18, the most current
specification. This includes meeting future wireless network system
requirements for increased bandwidth through the support for
simultaneous radio transmission and reception utilizing approaches
such as the Company's Lextrum in-band full duplex (Zero division
"As an early player in the 4G and 5G space, COMSovereign's
business was built on a solid IP foundation, one that powers the
market-leading performance of our DragonWave and Fastback products.
As part of our ongoing review of the business, we believe our IP
portfolio represents an untapped opportunity to create value for
our stakeholders. That is why our Board of Directors and our
leadership team is actively exploring ways to monetize our IP
through multiple paths," said David
Knight, interim CEO of COMSovereign Holding Corp.
About COMSovereign Holding
COMSovereign Holding Corp. (Nasdaq: COMS) offers a portfolio of
advanced communications technology for connectivity across private
and public networks. Through its core strategic acquisitions and
internal research and development efforts, COMSovereign has built a
U.S.-based communications solution provider to deliver 4G LTE
Advanced and 5G-NR telecom solutions to network operators,
enterprises, and governments. For more information about
COMSovereign, please visit www.COMSovereign.com.
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 ability of the
Company to expand and monetize its intellectual property portfolio
to create value for stakeholders, divest non-core assets, improve
production, and file all required financial statements including
its quarterly financial reports on SEC Form 10-Q. 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.
Investor Relations for COMSovereign Holding Corp.:
Steve Gersten, Director of
COMSovereign Holding Corp.
Media Relations for COMSovereign Holding Corp.:
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SOURCE COMSovereign Holding Corp.