DALLAS, Feb. 2, 2021 /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, has completed the previously announced
purchase of a 140,000 sq. ft. manufacturing facility in
Tucson, Arizona.
The new production facility advances the Company's "Made in the
America" commitment, and is located on 12.7 acres in Tucson, Arizona. The Tucson facility will serve as the Company's
principal manufacturing site for the majority of its products
including its new line of 4G LTE & 5G wireless radios and
electronics products, along with intelligent battery and backup
power supply systems, and its drone and aerostat platforms. The
Company has begun making improvements and retrofits to the existing
facility and installing production assembly lines required to
commence initial manufacturing for its InduraPower and Drone
Aviation business units later in the first quarter of 2021.
Production of the Company's 4G LTE Advanced and 5G radios and
electronics products are anticipated to begin in the third quarter
of 2021. DragonWave-X's current generation of Harmony Enhanced
and Multi-Channel (MC) model radios for mobile network backhaul
infrastructure continues to be produced and is being ramped
up by Benchmark Electronics, Inc. (NYSE: BHE) under an
expanded production agreement announced in September.
Dan Hodges, Chairman and CEO of
COMSovereign Holding Corp. said, "Supported by our recent capital
raise, we are now able to complete the purchase of this critical
U.S.-based production capacity, which we intend to quickly ramp up.
Consolidated manufacturing under one roof provides many advantages
including streamlining operational costs, increasing production
scale, and accelerating time to market for all our business units,
greatly benefiting our customers in commercial and government
markets."
For more information about COMSovereign, please visit
www.COMSovereign.com and connect with us on Facebook and
Twitter.
About COMSovereign Holding Corp.
COMSovereign Holding
Corp. 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
Dave Gentry
RedChip Companies, Inc.
407-491-4498
dave@redchip.com
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.