CommAgility Signs Over $2 million in Contracts with 4 New Customers for 5G Software and Services in First Half of 2021
15 June 2021 - 10:00PM
Wireless Telecom Group, Inc. (NYSE American: WTT),
announced today that its Radio, Baseband, and Software product
group, comprised of the company’s CommAgility 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 5G NR development
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 Boonton, CommAgility, Holzworth, Microlab, 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,
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 wirelesstelecomgroup.com.
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 ContactAndrew M.
BergerManaging DirectorSM Berger& Company(216)
464-6400andrew@smberger.com
Marketing ContactMaria Droge: +1 (973)
386-9696Wireless Telecom Group Inc.25 Eastmans RoadParsippany, NJ
07054Tel: (973) 386-9696Fax: (973) 386-9191www.wtcom.com
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