WTT Wireless Telecom Group Inc.

CommAgility Signs Over $2 million in Contracts with 4 New Customers for 5G Software and Services in First Half of 2021

CommAgility Signs Over $2 million in Contracts with 4 New Customers for 5G Software and Services in First Half of 2021

Parsippany, New Jersey, USA, June 15, 2021 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ), announced today that its Radio, Baseband, and Software product group, comprised of the company’s brand, has signed four new 5G software and services contracts in the first half of 2021. These four new contracts represent over $2 million of new orders received in the first two quarters of 2021 and together have a total potential contract value of over $6 million.

CommAgility’s software is being used in a variety of 5G technology development projects including programs that include 5G mmWave repeaters, 5G base stations and small cells, US Department of Defense 5G research projects, and private network deployment. In each case CommAgility customizes the software to the unique requirements of its clients’ projects, simplifying the development process, cutting time to market and reducing risk. Additionally, as a collaboration partner with NXP Semiconductor for its Layerscape Access Processors, CommAgility engineers are able to provide class-leading services and excellent support to others developing and deploying 5G products using the NXP platform.

“We are excited about the strong sales of 5G software in the first half of 2021 and continue to see a growing pipeline of 5G opportunities,” said Tim Whelan, CEO of Wireless Telecom Group. “With 5G deployment in early stages and the unique 5G hardware and software solutions and capabilities of CommAgility, Wireless Telecom Group is well positioned to be a leader in technology development for 5G enterprise networks, commercial applications, and private networks.”

The CommAgility portfolio for includes pre-ported and validated PHY and Stack software, a 5G core, and a reference chain. This comprehensive portfolio of 5G NR software simplifies the development of 5G small cells and private networks. Integration with available hardware accelerators and libraries is made easier by the software's flexible architecture, and versions are available for both 5G gNodeB and UE product developers. CommAgility also offers the 5G Reference gNodeB, a pre-integrated system, including both hardware and software, which is based on the NXP Layerscape Access 5G integrated SoC chipset.

- END -

About Wireless Telecom Group

Wireless Telecom Group, Inc., comprised of , , , , and , is a global designer and manufacturer of advanced RF and microwave components, modules, systems, and instruments. Serving the wireless, telecommunication, satellite, military, aerospace, semiconductor, and medical industries, Wireless Telecom Group products enable innovation across existing and emerging wireless technologies. With a product portfolio including peak power meters, signal generators, phase noise analyzers, signal processing modules, LTE PHY/stack software, power splitters and combiners, GPS repeaters, public safety components, noise sources, and programmable noise generators, Wireless Telecom Group supports the development, testing, and deployment of wireless technologies around the globe.



Wireless Telecom Group, Inc.’s website address is . Except for historical information, the matters discussed in this news release may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief, or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. Such risks and uncertainties are identified in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2020.

Investor Contact

Andrew M. Berger

Managing Director

SM Berger& Company

(216) 464-6400



Marketing Contact

Maria Droge: +1 (973) 386-9696

Wireless Telecom Group Inc.

25 Eastmans Road

Parsippany, NJ 07054

Tel: (973) 386-9696

Fax: (973) 386-9191





EN
15/06/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Wireless Telecom Group Inc.

 PRESS RELEASE

Maury Microwave Completes Acquisition of Wireless Telecom Group

Maury Microwave Completes Acquisition of Wireless Telecom Group Parsippany, New Jersey, USA, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (the “Company” or “WTT”), a leading test & measurement solutions provider, today announced that Maury Microwave, a leading provider of state-of-the-art RF measurement and interconnect solutions for wireless communication technologies, completed its previously announced acquisition of WTT. “The combination of Maury Microwave and WTT, including its prominent test and measurement divisions Boonton, Holzworth, and Noisecom, will enable us...

 PRESS RELEASE

Wireless Telecom Group Shareholders Approve Acquisition by Maury Micro...

Wireless Telecom Group Shareholders Approve Acquisition by Maury Microwave Parsippany, New Jersey, USA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (the “Company” or “WTT”), a leading test & measurement solutions provider, today announced that its shareholders voted to approve the previously announced merger agreement, pursuant to which, among other things, WTT will be acquired by Maury Microwave Inc. (“Maury”), a leading provider of state-of-the-art radio frequency measurement and interconnect solutions for wireless communication technologies. The merger is expected t...

 PRESS RELEASE

Wireless Telecom Group to Showcase Products that Accelerate the Develo...

Wireless Telecom Group to Showcase Products that Accelerate the Development of Next-Generation Wireless Systems at IMS 2023 Parsippany, New Jersey, USA, June 13, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group (NYSE American: ), announced today that its test and measurement brands – , , and – will showcase industry-leading instruments with the performance and capability necessary for accelerating the development of next-generation wireless systems during  at Booth 1619. Product demonstrations will feature specialized capabilities across amplifier characterization, high-performance RF sig...

 PRESS RELEASE

Wireless Telecom Group Announces the Sale of the Company to Maury Micr...

Wireless Telecom Group Announces the Sale of the Company to Maury Microwave, Inc. Shareholders to Receive $2.13 Per Share in Cash Parsippany, New Jersey, USA, May 25, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ) (the “Company” or “WTT”), a leading test & measurement solutions provider, today announced that it entered into a definitive merger agreement to be acquired by Maury Microwave, Inc. (“Maury”) in an all-cash transaction. Under the terms of the merger agreement, which was unanimously approved by the board of directors of each company, Maury will acquire...

 PRESS RELEASE

WIRELESS TELECOM GROUP ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS

WIRELESS TELECOM GROUP ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS Highlights for the quarter ended March 31, 2023: Revenue of $5.2 million compared to $6.1 million for the same period last yearGross profit of $2.9 million compared to $3.5 million for the same period last yearNet loss from continuing operations of $(941,000), compared to a net loss from continuing operations of $(796,000) for the same period last yearNon-GAAP Adjusted EBITDA of $(123,000), compared to Non-GAAP Adjusted EBITDA of $455,000 for the same period last yearBookings of $5.2 million in the quarter and backlog ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch