Post by icemandios on Jan 5, 2023 13:59:32 GMT
COMSovereign Announces Disposition of RVision Inc.
PR Newswire
Transaction Continues Business Transition, Reduces Operating Expenses
DALLAS , Jan. 5, 2023 /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 announced that it has entered into a settlement agreement and sale of RVision, Inc. ("RVision")
The Company has agreed to sell all the issued and outstanding capital stock of RVision to the buyers in exchange for the settlement of two outstanding lawsuits.
David Knight , CEO and President of COMSovereign Holding Corp., said, "The disposition of RVision is another step in our ongoing business transition, reducing our non-wireless connectivity products and associated operating expenses, while eliminating the uncertainties and costs of related litigation."
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 telecom solutions to network operators and enterprises. For more information about COMSovereign, please visit www.COMSovereign.com .
PR Newswire
Transaction Continues Business Transition, Reduces Operating Expenses
DALLAS , Jan. 5, 2023 /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 announced that it has entered into a settlement agreement and sale of RVision, Inc. ("RVision")
The Company has agreed to sell all the issued and outstanding capital stock of RVision to the buyers in exchange for the settlement of two outstanding lawsuits.
David Knight , CEO and President of COMSovereign Holding Corp., said, "The disposition of RVision is another step in our ongoing business transition, reducing our non-wireless connectivity products and associated operating expenses, while eliminating the uncertainties and costs of related litigation."
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 telecom solutions to network operators and enterprises. For more information about COMSovereign, please visit www.COMSovereign.com .