Comsovereign acquires sky sapience, expanding tethered drone product portfolio for commercial communications, defense and national security markets – suas news

COMSovereign Acquires Sky Sapience, Increasing Tethered Drone Product Portfolio for Industrial Communications, Protection and Nationwide Safety Markets - sUAS Information 1

Sky Sapience’s HoverMast Tethered Aerial Platforms Presently Fielded for Border Safety and ISR in Israel and Different Worldwide Markets –

DALLAS, TX – March 1, 2021 – COMSovereign Holding Corp. (NASDAQ: COMS) (“COMSovereign” or “Firm”), a U.S.-based developer of 4G LTE Superior and 5G Communication Techniques and Options, right now introduced the acquisition of Israel-based Sky Sapience, a high developer of fielded tethered aerial rotorcraft platforms for protection, homeland safety and industrial markets. The whole buy value was roughly $12.7 million, consisting of $2.7 million in money and a pair of.55 million shares of frequent inventory.

Transaction Highlights

Acquisition delivers put in base of worldwide prospects together with Israeli safety forcesAerial Nationwide Safety platform choices for presidency prospects together with U.S. Division of Homeland Safety (DHS) and Division of Protection (DOD)Progressive applied sciences together with a fiber optic tether which permits safe, high-capacity communications together with assist for industrial 4G and 5G wi-fi networksDomestic manufacturing in U.S. and in Israel to assist present shoppers whereas increasing international market attain to prospects in search of state-of-the-art Surveillance and Reconnaissance (ISR) capabilities or seeking to quickly deploy industrial 4G or 5G networks

Since its founding in 2010, Sky Sapience’s tethered hovering expertise has offered long-duration, cell and all-weather Intelligence, Surveillance and Reconnaissance (“ISR”) capabilities to prospects worldwide for each land and marine primarily based functions. Sky Sapience’s flagship HoverMast-line of quadrotor tethered drones characteristic uninterruptible ground-based energy, fiber optic communications for cyber immunity, and the power to function in GPS denied environments, delivering dramatically improved situational consciousness and communications capabilities to customers. The HoverMast is utilized in Israel for varied functions and can be deployed in a number of worldwide markets.

“The advantages of tethered aerial platforms in offering crucial communications throughout emergencies or enhanced safety and situational consciousness by way of 24×7 aerial monitoring of crucial infrastructure and alongside nationwide borders, is well-known. That’s the reason Sky Sapience has constructed a big backlog and enterprise pipeline for the HoverMast which we consider may also be an ideal answer for a lot of rapid unmet wants in DHS and DOD right here in the US as nicely,” mentioned Chairman and CEO of COMSovereign Holding Corp., Dan Hodges. “Moreover, Sky Sapience’s distinctive fiber optic tether expertise will enable us to implement full 4G or 5G airborne networks concurrently with superior surveillance payloads in a single answer, a big aggressive differentiator, bringing useful new synergies to our aerial platform enterprise.

“Sky Sapience’s tethered hovering expertise is a perfect complement to COMSovereign’s aerial platform enterprise, extending its capabilities for functions starting from airborne wi-fi mobile networks to offering enhanced safety on nationwide borders the place the HoverMast is already deployed by prospects. We sit up for becoming a member of COMSovereign and to shortly combine our applied sciences in order that we are able to meet the evolving necessities of presidency, navy and industrial finish customers for quickly deployable, communications and aerial monitoring options,” mentioned Gabriel Shachor, CEO and Founder, Sky Sapience.

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