Loughborough University Science and Enterprise Park
Software Engineer and Hardware Engineer
Loughborough University Science and Enterprise Park, Trenton, New Jersey, United States,
Transaction will Provide E-Space with Proven 5G Source Code and an Experienced Dedicated In-House Hardware and Software Development TeamTOULOUSE, France – December 5, 2022 –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 GroupWireless 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, WirelessTelecom 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-SpaceE-Space is a global space company bridging Earth andspacewith the world’s most sustainable low Earth orbit (LEO) satellitenetwork.Focused on making connectivity from spaceuniversallyaccessible, secure and actionable, E-Space is fundamentally changing thedesign, manufacturing and service deliveryassociated with legacy LEOsystems—all at a fraction of the cost—to enable a new class of ubiquitous,real-time communications, Internet of Things (IoT)andSmart-IoTservices.The Company's global space-based communicationsplatform is set to connect, track, sense and act on AI-optimized data, gatheredfrom billions of novel E-Space devices deployed planet-wide tohelpadvance humanity,protect the planet and enable smarter businessoperations. Learn more aboutE-Spaceat:e-space.comand follow the Company onLinkedIn andInstagram .Chris Phillips, vice president, PR & Communications:chris.phillips@e-space.com; +1 (917) 974-1667Wireless Telecom Group Media/Investor Contact:Mike Kandell, chief financial officer, +1 (973) 386-9696E-Space is a global space company focused on bridging Earth and space with the 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.
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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 GroupWireless 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, WirelessTelecom 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-SpaceE-Space is a global space company bridging Earth andspacewith the world’s most sustainable low Earth orbit (LEO) satellitenetwork.Focused on making connectivity from spaceuniversallyaccessible, secure and actionable, E-Space is fundamentally changing thedesign, manufacturing and service deliveryassociated with legacy LEOsystems—all at a fraction of the cost—to enable a new class of ubiquitous,real-time communications, Internet of Things (IoT)andSmart-IoTservices.The Company's global space-based communicationsplatform is set to connect, track, sense and act on AI-optimized data, gatheredfrom billions of novel E-Space devices deployed planet-wide tohelpadvance humanity,protect the planet and enable smarter businessoperations. Learn more aboutE-Spaceat:e-space.comand follow the Company onLinkedIn andInstagram .Chris Phillips, vice president, PR & Communications:chris.phillips@e-space.com; +1 (917) 974-1667Wireless Telecom Group Media/Investor Contact:Mike Kandell, chief financial officer, +1 (973) 386-9696E-Space is a global space company focused on bridging Earth and space with the 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.
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