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Corporation
MOBILE & TELECOMMUNICATIONS | Telecom Services / Data & Broadband
commsystems.com

Investments

1

Portfolio Exits

2

Partners & Customers

1

About Communications Systems

Communications Systems, Inc. (NASDAQ: JCS), an IoT intelligent edge products and services company, provides connectivity infrastructure and services for global deployments of broadband networks. CSI operates three business units: Transition Networks, Net2Edge, and JDL Technologies.

Headquarters Location

10900 Red Circle Drive

Minnetonka, Minnesota, 55343,

United States

952-996-1674

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Latest Communications Systems News

Orbit Technologies : Communications Systems and a leading integrator in South East Asia have been awarded a multi-million contract to supply OceanTRx 7MIL satellite communication systems to a navy in the region

Jan 25, 2023

2022 2022 01/25/2023 | 02:27am EST Message : *Required fields Orbit Communications Systems and a leading integrator in South East Asia have been awarded a multi-million contract to supply OceanTRx 7MIL satellite communication systems to a navy in the region Prior to the signing of the contract, the two companies entered into a teaming agreement January 24, 2023 24 January 2023, Orbit Communications Systems Ltd. (TASE: ORBI) - a leading global provider of maritime and airborne SATCOM terminals, tracking ground station solutions, and mission-critical airborne audio management systems - has been awarded a multi-million contract by a leading integrator in South East Asia - for the supply of OceanTRx 7MIL satellite communication systems for new naval military platforms. Prior to the signing of the contract, Orbit entered into a teaming agreement with the customer, mainly in the field of maritime satcoms, with plans to explore opportunities for cooperation in other regions and fields, such as ground/airborne satcoms and AMS. The agreement will also facilitate the improvement of local maintenance, service and support capabilities for new and existing customers. "This teaming agreement is a show of confidence by our customer, continuing, strengthening, and expanding the joint activity of our two companies in the Asian market, and later to other regions/territories," says Daniel Eshchar, CEO of Orbit Communication Systems. "We are proud that yet another global integrator has decided to purchase Orbit's unique maritime satcom systems for installation in a world-leading fleet. The OceanTRx 7MIL is the first system operating to MIL Standards that enables simultaneous, continuous communication on several frequencies, even in harsh environmental conditions." About OceanTRx 7MIL Ocean TRx 7MIL is a new platform based on the Ocean TRx7 platform, but with advanced military features. This satellite communication system is intended for use on marine platforms, supporting a variety of antenna system configurations. With a diameter of 2.2 meters, the OceanTRx 7MIL operates on X, Ku, Ka and C frequencies, and enables simultaneous operation of a variety of frequencies for global activities. The OceanTRx 7MIL can be connected to a unique Orbit switching matrix (OSM) which will allow multiple internal connections and switching of up to 8 antennas and 8 modems to according to customers' requirements. Designed for quick and convenient installation, maintenance and upgrade, the system provides defense customers with a combination of exceptional RF performance and availability. About Orbit Orbit Communication Systems Ltd. (TASE: ORBI), a leading global provider of airborne communications and satellite-tracking maritime and ground station solutions, is helping to expand and redefine how we connect. Orbit systems can be found on airliners and jet fighters, cruise ships and navy vessels, ground stations and offshore platforms. We deliver innovative, cost-effective and highly reliable solutions to commercial operators, major air forces and navies, space agencies and emerging New Space companies. For more information on Orbit, please visit https://orbit-cs.com or https://www.linkedin.com/company/orbit-communication-systems-ltd Media Contact:

Communications Systems Investments

1 Investments

Communications Systems has made 1 investments. Their latest investment was in Quortus as part of their Corporate Minority on May 5, 2020.

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Communications Systems Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/29/2020

Corporate Minority

Quortus

Yes

1

Date

5/29/2020

Round

Corporate Minority

Company

Quortus

Amount

New?

Yes

Co-Investors

Sources

1

Communications Systems Portfolio Exits

2 Portfolio Exits

Communications Systems has 2 portfolio exits. Their latest portfolio exit was Quortus on December 21, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/21/2021

Acquired

$99M

1

4/29/2021

Divestiture

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$99M

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10

Date

12/21/2021

4/29/2021

Exit

Acquired

Divestiture

Companies

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

1

10

Communications Systems Acquisitions

2 Acquisitions

Communications Systems acquired 2 companies. Their latest acquisition was Pineapple Energy on March 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/2/2021

$99M

Reverse Merger

4

5/14/2020

Debt

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$99M

$99M

Subscribe to see more

10

Date

3/2/2021

5/14/2020

Investment Stage

Debt

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

$99M

Note

Reverse Merger

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Sources

4

10

Communications Systems Partners & Customers

1 Partners and customers

Communications Systems has 1 strategic partners and customers. Communications Systems recently partnered with SPYRUS on December 12, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

12/17/2020

Client

United States

SAN JOSE, Calif.Dec. SPYRUS Solutions Announces Partnership with CSI - SPYRUS Federal Agencies to Benefit from Access to Solutions Providing the Highest Level of Verified Identity and Encrypted Data Protection.

`` CSI is an exciting partner for SPYRUS Solutions , Inc. , '' said Grant Evans , chairman and chief executive officer of SPYRUS Solutions , Inc. .

1

Date

12/17/2020

Type

Client

Business Partner

Country

United States

News Snippet

SAN JOSE, Calif.Dec. SPYRUS Solutions Announces Partnership with CSI - SPYRUS Federal Agencies to Benefit from Access to Solutions Providing the Highest Level of Verified Identity and Encrypted Data Protection.

`` CSI is an exciting partner for SPYRUS Solutions , Inc. , '' said Grant Evans , chairman and chief executive officer of SPYRUS Solutions , Inc. .

Sources

1

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