COMSovereign to Acquire RVision, Inc., Expanding Smart City Capabilities

COMSovereign Holding Corp. (NASDAQ: COMS) ("COMSovereign" or "Company"), a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions, today announced that it has executed an agreement to acquire RVision, Inc. ("RVision"), a developer of technologically advanced, environmentally hardened video and communications products and physical security solutions designed for government and private sector commercial industries. Terms of the transaction include total consideration of approximately $5.58 million consisting exclusively of shares of restricted common stock. The transaction is expected to close within approximately 15 days subject to traditional closing conditions. Smart Cities and Smart Campuses (educational and industrial) are urban areas designed to integrate advanced technologies including IoT ("Internet of Things"), AI ("Artificial Intelligence"), machine learning, Big Data, and sustainable or "green" energy systems to benefit and secure the daily lives of its residents. Around the world today, these technologies are being deployed to efficiently improve public services and safety through enhancements to everything from mass transportation and waste management to the real-time monitoring of environmental conditions including air and water quality.