Transaction will Provide E-Space with Proven
5G Source Code and an Experienced Dedicated In-House Hardware and
Software Development Team
TOULOUSE, France, Dec. 5, 2022
/PRNewswire/ -- E-Space, a global space company focused on
bridging Earth and space with the world's most sustainable low
Earth orbit (LEO) network, announced today it entered into a
definitive agreement to acquire CommAgility from the Wireless
Telecom Group, Inc. (NYSE: WTT). CommAgility is the largest
stand-alone developer of embedded signal processing and Radio
Frequency (RF) modules, with its
own LTE PHY/stack source code for commercial
grade 4G and 5G mobile networks, air-to-ground (ATG),
satellite communications (satcom) and related applications.
Integrating CommAgility's custom 3GPP 5G NTN (Non-Terrestrial
Networks) source code into E-Space's vertically integrated
capabilities will enable E-Space to accelerate 5G NTN, 5G-Advanced
and 6G innovation, speed its satellite payload and customer use
case development and continuously advance its space-based
connectivity solutions. Today, CommAgility's proven software
already drives over 50,000 terrestrial base stations and is used
for ATG and commercial satellites.
Greg Wyler, E-Space founder,
chairman and CEO stated, "We look forward to welcoming CommAgility
into Team E-Space. Their existing, proven and deep 5G code base
along with their incredible team experience would have taken years
to recreate. This puts us in a unique and leading position for the
deployment of our space-based technologies. We will continue to
invest heavily in this code base to enable 5G-Advanced and 6G
technologies which will provide tremendous value to customers."
Tim Whelan, CEO of Wireless
Telecom Group, Inc., commented, "When we began to evaluate
strategic options for our CommAgility business, we held numerous
conversations with multiple space-based companies. It was during
this process that E-Space's incredible vision, commitment to
innovation and focus on end-user requirements ignited our team's
excitement. We made a clear strategic decision to go with E-Space,
which we believe helps unlock value for our shareholders and
ensures our team and existing customers will be part of a thriving
organization."
The transaction, which is expected to be completed no later than
January 31, 2023, is subject to
customary closing conditions, including regulatory approvals. Upon
completion, E-Space will add 50 full-time CommAgility
employees, inclusive of key management. The new team members are
located in Europe, with some based
in Leicestershire, UK and the
majority based in Duisberg, Germany.
About Wireless Telecom
Group
Wireless Telecom Group, Inc., comprised
of Boonton, Holzworth
and Noisecom, is a global designer and manufacturer of
advanced RF and microwave components, modules, systems and
instruments. Serving the wireless, telecommunication, satellite,
military, aerospace and semiconductor industries, Wireless Telecom
Group products enable innovation across a wide range of traditional
and emerging wireless technologies. With a unique set of
high-performance products including peak power meters, signal
generators, phase noise analyzers, signal processing modules, noise
sources and programmable noise generators, Wireless Telecom Group
enables the development, testing, and deployment of wireless
technologies around the globe. Wireless Telecom Group is
headquartered in Parsippany, New
Jersey, in the New York
City metropolitan area, and maintains a global network of
Sales and Service offices for excellent product service and
support. Wireless Telecom Group's website address
is http://www.wirelesstelecomgroup.com.
About E-Space
E-Space is a global space company focused on bridging Earth and
space with the world's most sustainable low Earth orbit (LEO)
network that is expected to reach over one hundred thousand
multi-application communication satellites to help businesses and
governments securely and affordably access the power of space to
solve problems on Earth. Founded by industry pioneer Greg Wyler, E-Space is focused on democratizing
space and transforming industries by bringing down the cost of
space-based communications, raising the level of satellite system
resiliency and setting a new standard in sustainable space
infrastructure that will effectively minimize and reduce space
debris and destruction while preserving access to space for future
generations. Learn more about the Company at e-space.com, or follow
E-Space on LinkedIn and Instagram.
Copyright © 2022 E-Space. All rights reserved. E-Space and
the E-Space logo are registered trademarks of ESpace, Inc. All
other product or company names mentioned are used for
identification purposes only and may be trademarks of their
respective owners.
E-Space Media Contact:
Chris Phillips, vice president, PR &
Communications: chris.phillips@e-space.com; +1 (917)
974-1667
Wireless Telecom Group Media/Investor
Contact:
Mike Kandell, chief
financial officer, +1 (973) 386-9696
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SOURCE E-Space