Comtech Telecommunications Corp. Awarded $1.1 Million Contract for High-Power Amplifiers

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 27, 2021– 
July 27, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its fourth quarter of fiscal 2021, its 
New York-based subsidiary, 
Comtech PST Corp., which is part of Comtech’s Government Solutions segment, was awarded a 
$1.1 million contract for solid-state high-power amplifier systems from a major domestic prime contractor.

These highly integrated amplifiers are essential transmit and receive elements in a complex data communication system. They add to an installed base of 
Comtech solid-state high-power RF amplifiers previously delivered to this major domestic prime contractor.

“This follow-on contract demonstrates our continued leadership position in providing integrated high-power transmit and receive technology and the ongoing demand for our solid-state high-power amplifiers utilized by major OEMs in both domestic and international markets,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp.

Comtech PST Corp. (www.comtechpst.com) is a leading independent supplier of high-power, high performance RF microwave amplifiers and control components for use in a broad spectrum of applications including defense, medical, satellite communications systems and instrumentation.

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
[email protected]

Source: 
Comtech Telecommunications Corp.

Comtech Telecommunications Corp. Awarded $1.1 Million Contract for High-Power Amplifiers

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 27, 2021– 
July 27, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its fourth quarter of fiscal 2021, its 
New York-based subsidiary, 
Comtech PST Corp., which is part of Comtech’s Government Solutions segment, was awarded a 
$1.1 million contract for solid-state high-power amplifier systems from a major domestic prime contractor.

These highly integrated amplifiers are essential transmit and receive elements in a complex data communication system. They add to an installed base of 
Comtech solid-state high-power RF amplifiers previously delivered to this major domestic prime contractor.

“This follow-on contract demonstrates our continued leadership position in providing integrated high-power transmit and receive technology and the ongoing demand for our solid-state high-power amplifiers utilized by major OEMs in both domestic and international markets,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp.

Comtech PST Corp. (www.comtechpst.com) is a leading independent supplier of high-power, high performance RF microwave amplifiers and control components for use in a broad spectrum of applications including defense, medical, satellite communications systems and instrumentation.

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
[email protected]

Source: 
Comtech Telecommunications Corp.

Comtech Telecommunications Corp. Receives Award from Frost & Sullivan as Growth Leader in Next Generation 911 Technologies and Services

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 22, 2021– 
July 22, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in next-generation 911 emergency systems and secure wireless communications technologies, announced today that 
Frost & Sullivan has recognized 
Comtech for registering the most significant year-over-year (“YoY”) market share increase among all NG911 primary contract holders, growing its market share from an estimated 17.3% in 2019 to 26.2% in 2020, as calculated by 
Frost & Sullivan. By closing statewide contracts in 
Ohio, 
Pennsylvania and 
South Carolina, Comtech’s direct NG911 contracts now represent a population of over 55 million.

“While many providers license their technology to large integrators to manage the ESInet/Next Generation Core Services (“NGCS”), Comtech’s comprehensive NG911 in-house capabilities allow it to serve as both the end-to-end integrator as well as the primary service provider for NG911 deployments. This eases the burden for customers, as 
Comtech takes ownership of the entire deployment process as well as ongoing systems management,” said  Brent Iadarola, Vice President, 
Frost & Sullivan. “Comtech is uniquely equipped to offer NG911 solutions either directly or through channel partners and provides customers with flexible deployment models, whether fully managed services or hybrid options. 
Comtech’s stability, proven deployments, and compliance with industry standards have earned it significant traction in new customer acquisitions, and its proven ability to offer end-to-end managed services and its exceptional ownership experience have further solidified its reputation in the market and positioned it for continued success.”

“Comtech is very proud of the performance that has led to this award from Frost & Sullivan,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “Comtech offers a range of advanced capabilities for our customers, from its purpose-built Solacom solution providing i3-compliant PSAP call handling user interfaces, to ESInet connectivity and enhanced functional elements for voice and data. Its geographic information systems (“GIS”) provide PSAPs with real-time location data that can be synchronized across local, state, and regional levels to optimize PSAP operations and enhance emergency response times.”

Each year, 
Frost & Sullivan bestows this award upon the company that demonstrates excellence in growth, performance and customer value. It recognizes the organization’s vision for growth and associated implementation strategy, as well as the overall customer, purchase, ownership and service experience, which has resulted in the recipient company recognizing above-market growth and greater share of wallet. The award lauds the growth, diversification, and sustainability strategies of the company.

About Comtech Telecommunications Corp.

Comtech’s highly reliable technologies enable the successful handling of over five million 911 calls and texts each month. For more information about Comtech’s 911 products and services, visit www.comtech911.com.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in 
Melville, New York. With a passion for customer success, 
Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com.

About Frost & Sullivan

For six decades, 
Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Media Contacts:

Comtech
Michael D. Porcelain
President and Chief Operating Officer
631-962-7000
[email protected]

Frost & Sullivan
Bianca Torres
1.210.477.8418
[email protected]

Source: 
Comtech Telecommunications Corp.

Comtech Telecommunications Corp. Receives Award from Frost & Sullivan as Growth Leader in Next Generation 911 Technologies and Services

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 22, 2021– 
July 22, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in next-generation 911 emergency systems and secure wireless communications technologies, announced today that 
Frost & Sullivan has recognized 
Comtech for registering the most significant year-over-year (“YoY”) market share increase among all NG911 primary contract holders, growing its market share from an estimated 17.3% in 2019 to 26.2% in 2020, as calculated by 
Frost & Sullivan. By closing statewide contracts in 
Ohio, 
Pennsylvania and 
South Carolina, Comtech’s direct NG911 contracts now represent a population of over 55 million.

“While many providers license their technology to large integrators to manage the ESInet/Next Generation Core Services (“NGCS”), Comtech’s comprehensive NG911 in-house capabilities allow it to serve as both the end-to-end integrator as well as the primary service provider for NG911 deployments. This eases the burden for customers, as 
Comtech takes ownership of the entire deployment process as well as ongoing systems management,” said  Brent Iadarola, Vice President, 
Frost & Sullivan. “Comtech is uniquely equipped to offer NG911 solutions either directly or through channel partners and provides customers with flexible deployment models, whether fully managed services or hybrid options. 
Comtech’s stability, proven deployments, and compliance with industry standards have earned it significant traction in new customer acquisitions, and its proven ability to offer end-to-end managed services and its exceptional ownership experience have further solidified its reputation in the market and positioned it for continued success.”

“Comtech is very proud of the performance that has led to this award from Frost & Sullivan,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “Comtech offers a range of advanced capabilities for our customers, from its purpose-built Solacom solution providing i3-compliant PSAP call handling user interfaces, to ESInet connectivity and enhanced functional elements for voice and data. Its geographic information systems (“GIS”) provide PSAPs with real-time location data that can be synchronized across local, state, and regional levels to optimize PSAP operations and enhance emergency response times.”

Each year, 
Frost & Sullivan bestows this award upon the company that demonstrates excellence in growth, performance and customer value. It recognizes the organization’s vision for growth and associated implementation strategy, as well as the overall customer, purchase, ownership and service experience, which has resulted in the recipient company recognizing above-market growth and greater share of wallet. The award lauds the growth, diversification, and sustainability strategies of the company.

About Comtech Telecommunications Corp.

Comtech’s highly reliable technologies enable the successful handling of over five million 911 calls and texts each month. For more information about Comtech’s 911 products and services, visit www.comtech911.com.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in 
Melville, New York. With a passion for customer success, 
Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com.

About Frost & Sullivan

For six decades, 
Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Media Contacts:

Comtech
Michael D. Porcelain
President and Chief Operating Officer
631-962-7000
[email protected]

Frost & Sullivan
Bianca Torres
1.210.477.8418
[email protected]

Source: 
Comtech Telecommunications Corp.

Comtech Names Judy Chambers to Board of Directors

 

New Director Adds Extensive Financial Expertise and Further Diversifies the Board

Three Longstanding Directors to Retire as Part of Ongoing Board Refreshment

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 22, 2021–

July 22, 2021— Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that Judy Chambers, Managing Principal of Meketa Investment Group, has been appointed to Comtech’s Board of Directors, effective at the start of Comtech’s fiscal year 2022 which begins August 1, 2021. She will serve as Chair of the Board’s Nominating and Governance Committee, which oversees the Company’s corporate governance practices and processes, including its inclusiveness and diversity efforts.

Fred Kornberg, Comtech’s Chairman and CEO, said, “We are delighted to welcome Judy to the Board. She brings 30 years of business and leadership experience and deep financial knowledge from a career in corporate finance and investment advisory, and we look forward to benefitting from her outstanding capabilities and valuable perspective as well as her experience fostering equality, inclusion and diversity. She will make a significant contribution to our Board as we create and deliver sustained value for our shareholders and all our stakeholders.”

Judy Chambers is a Managing Principal, and member of the Board of Directors of 
Meketa Investment Group, an investment consulting and advisory firm with over 
$1.5 trillion of assets under advisement. She serves on the 
Board of Trustees of the 
Community Service Society of New York, a nonprofit focused on alleviating income inequality, is Chair of the 
Advisory Board of the Robert Toigo Foundation, which promotes stronger stakeholder returns in the financial industry through inclusion and diversity. Judy also serves on the 
Advisory Board of the Jazz Foundation of America. Judy holds a B.A. from 
Duke University and an M.B.A. from the 
Kellogg School of Management at 
Northwestern University.

Separately, 
Comtech announced the retirements of directors  Edwin Kantor,  Ira Kaplan and Robert Paul from the Comtech Board following the Company’s fiscal 2021 annual meeting, which is anticipated to occur in 
December 2021. Upon conclusion of the annual meeting, existing Board member and Chairman of the Audit Committee,  Lawrence Waldman, will become Lead Independent Director and the size of Comtech’s Board will be reduced to five members, four of whom will be independent.

Mr. Kornberg added, “On behalf of the Board, I want to express my profound thanks to Ed, Ira and Bob for their years of invaluable service and contributions to 
Comtech and our shareholders. Across 
Comtech, we take seriously our responsibilities as an essential provider for the safety and security of communities and advancing economic opportunity for everyone. To this end, the Board is committed to maintaining the right mix and balance of skills, experience, diversity and viewpoints through ongoing Board refreshment. Following the appointments of four independent directors in the past several years, our longstanding directors are able to retire with the utmost confidence in the continued stewardship of our company.”

About Comtech

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in 
Securities and Exchange Commission filings.

PCMTL

Media Contact
Kekst CNC
[email protected] / [email protected]
(212) 521-4800

Investor Contact
Michael Porcelain
(631) 962-7005
[email protected]

Source: 
Comtech Telecommunications Corp.

Comtech Names Judy Chambers to Board of Directors

 

New Director Adds Extensive Financial Expertise and Further Diversifies the Board

Three Longstanding Directors to Retire as Part of Ongoing Board Refreshment

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 22, 2021–

July 22, 2021— Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that Judy Chambers, Managing Principal of Meketa Investment Group, has been appointed to Comtech’s Board of Directors, effective at the start of Comtech’s fiscal year 2022 which begins August 1, 2021. She will serve as Chair of the Board’s Nominating and Governance Committee, which oversees the Company’s corporate governance practices and processes, including its inclusiveness and diversity efforts.

Fred Kornberg, Comtech’s Chairman and CEO, said, “We are delighted to welcome Judy to the Board. She brings 30 years of business and leadership experience and deep financial knowledge from a career in corporate finance and investment advisory, and we look forward to benefitting from her outstanding capabilities and valuable perspective as well as her experience fostering equality, inclusion and diversity. She will make a significant contribution to our Board as we create and deliver sustained value for our shareholders and all our stakeholders.”

Judy Chambers is a Managing Principal, and member of the Board of Directors of 
Meketa Investment Group, an investment consulting and advisory firm with over 
$1.5 trillion of assets under advisement. She serves on the 
Board of Trustees of the 
Community Service Society of New York, a nonprofit focused on alleviating income inequality, is Chair of the 
Advisory Board of the Robert Toigo Foundation, which promotes stronger stakeholder returns in the financial industry through inclusion and diversity. Judy also serves on the 
Advisory Board of the Jazz Foundation of America. Judy holds a B.A. from 
Duke University and an M.B.A. from the 
Kellogg School of Management at 
Northwestern University.

Separately, 
Comtech announced the retirements of directors  Edwin Kantor,  Ira Kaplan and Robert Paul from the Comtech Board following the Company’s fiscal 2021 annual meeting, which is anticipated to occur in 
December 2021. Upon conclusion of the annual meeting, existing Board member and Chairman of the Audit Committee,  Lawrence Waldman, will become Lead Independent Director and the size of Comtech’s Board will be reduced to five members, four of whom will be independent.

Mr. Kornberg added, “On behalf of the Board, I want to express my profound thanks to Ed, Ira and Bob for their years of invaluable service and contributions to 
Comtech and our shareholders. Across 
Comtech, we take seriously our responsibilities as an essential provider for the safety and security of communities and advancing economic opportunity for everyone. To this end, the Board is committed to maintaining the right mix and balance of skills, experience, diversity and viewpoints through ongoing Board refreshment. Following the appointments of four independent directors in the past several years, our longstanding directors are able to retire with the utmost confidence in the continued stewardship of our company.”

About Comtech

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in 
Securities and Exchange Commission filings.

PCMTL

Media Contact
Kekst CNC
[email protected] / [email protected]
(212) 521-4800

Investor Contact
Michael Porcelain
(631) 962-7005
[email protected]

Source: 
Comtech Telecommunications Corp.

TAAL Distributed Information Technologies President Chris Naprawa makes a formal corporate presentation. Afterwards, he is joined by Noble Capital Markets Senior Research Analyst Joe Gomes for a Q & A session featuring questions asked by the live audience throughout the event. Research, News, and Advanced Market Data on TAALF (OTCQX) Register for TAAL’s Bi-Weekly Newsletter Information on upcoming live virtual roadshows About TAAL Distributed Information Technologies Inc. TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BitcoinSV platform, and developing, operating, and managing distributed computing systems for enterprise users.

Comtech Telecommunications Corp. Awarded $7.1 Million Emergency Alerts Contract to Enhance Nationwide Public Safety

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 20, 2021– 
July 20, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in next-generation 911 emergency systems and secure wireless communication technologies, announced today that, during its fourth quarter of fiscal 2021, it has been awarded a 
$7.1 million multi-year contract for the deployment of a cellular-based Wireless Emergency Alerts (“WEA”) solution with a tier-one mobile network operator. This is Comtech’s first major award for a WEA solution.

Comtech will install the containerized WEA solution consisting of the Commercial Mobile Service Provider (“CMSP”) 
Gateway and Cell Broadcast Center (“CBC”). This service allows the citizens in the area to receive government-issued alerts on their mobile devices warning them of imminent threats to life and property based on location, such as tornado warning alerts. The Comtech WEA solution supports the latest 
Federal Communications Commission (“FCC”) WEA requirements as well as the operator’s LTE and 5G networks.

“This public-safety centered application aligns with 
Comtech’s focus on improving emergency-related communications,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “We are honored this customer has chosen 
Comtech for this vital solution to help protect citizens in times of crisis.”

The Location Technologies group of 
Comtech is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in 
Melville, New York. With a passion for customer success, 
Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Media Contact:
Michael D. Porcelain, President and Chief Operating Officer

Comtech Telecommunications Corp.
631-962-7000
[email protected]

Source: 
Comtech Telecommunications Corp.

Comtech Telecommunications Corp. Awarded $7.1 Million Emergency Alerts Contract to Enhance Nationwide Public Safety

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jul. 20, 2021– 
July 20, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in next-generation 911 emergency systems and secure wireless communication technologies, announced today that, during its fourth quarter of fiscal 2021, it has been awarded a 
$7.1 million multi-year contract for the deployment of a cellular-based Wireless Emergency Alerts (“WEA”) solution with a tier-one mobile network operator. This is Comtech’s first major award for a WEA solution.

Comtech will install the containerized WEA solution consisting of the Commercial Mobile Service Provider (“CMSP”) 
Gateway and Cell Broadcast Center (“CBC”). This service allows the citizens in the area to receive government-issued alerts on their mobile devices warning them of imminent threats to life and property based on location, such as tornado warning alerts. The Comtech WEA solution supports the latest 
Federal Communications Commission (“FCC”) WEA requirements as well as the operator’s LTE and 5G networks.

“This public-safety centered application aligns with 
Comtech’s focus on improving emergency-related communications,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “We are honored this customer has chosen 
Comtech for this vital solution to help protect citizens in times of crisis.”

The Location Technologies group of 
Comtech is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in 
Melville, New York. With a passion for customer success, 
Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Media Contact:
Michael D. Porcelain, President and Chief Operating Officer

Comtech Telecommunications Corp.
631-962-7000
[email protected]

Source: 
Comtech Telecommunications Corp.

Monday, July 19, 2021

Voyager Digital Ltd. (VYGVF)(VYGR:CA)
Record Preliminary 4Q21 Revenue

Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Preliminary Results. Voyager announced preliminary results for the fourth quarter ended June 30, 2021. Revenue is expected to be a record $103-$107 million, up 65% from $60.4 million in the fiscal third quarter. We had forecast $90 million of revenue for the quarter. Notably, basis points per net trade continued to exceed 100 basis points in the quarter, suggesting alt coin trading continued at a brisk pace.


Metrics Continued Positive.  During the quarter, Voyager’s funded accounts grew 145% sequentially to over 665,000 while total verified users on the platform rose 75% to 1.75 million. With increased marketing efforts and the implementation of other programs, such as the Voyager Loyalty Program in September, we expect to see continued growth in both funded accounts and verified users …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Wednesday, July 14, 2021

Voyager Digital Ltd. (VYGVF)(VYGR:CA)
How Does Voyager Measure Up in Crypto Going Public Craze?

Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Crypto Craze. Running against the flow of declining crypto currency prices, a number of crypto asset related firms have announced plans to come public, either through IPOs or through a SPAC merger. We took a look at the estimated valuations of these firms and continue to believe Voyager shares represent compelling value. While it is true the competitive environment appears to be heating up, we believe additional publicly-traded assets in the space will attract additional investor interest and the young, fast growing industry can accommodate additional competitors.


Bullish.  Crypto exchange Bullish recently announced it is coming public through a merger with SPAC Far Peak Acquisition. Estimated equity valuation is $9 billion, with an estimated enterprise value of $7.4 billion. Bullish provides a range of revenue-$468-$888 million-and EBITDA-$209-$491 million-in its investor presentation. This generates valuation multiples of 8.3x-15.8x revenue and 15.1x-35.4x …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

	Image Credit: Bruce Detorres (Flickr)

SPAC Places “Hard Circle” Around Stablecoin Company

SPACs are not long-term investments; their very nature ensures that within 24 months, you are likely to be a shareholder in an operating company or be cashed out. Cryptocurrencies have demonstrated themselves to be volatile. Committing assets to the currency suggests faith that the investor believes that their Crypto will be among the few widely accepted over time.  The leading stablecoin crypto provider, USD Coin (USDC), has agreed to go public through a merger with the SPAC Concord Acquisition Corp. in a deal valued at $4.5 billion.  This could provide investors in the crypto space with a strong player to consider and also demonstrates that successful SPAC acquisitions continue through 2021.

The
deal values Circle at $4.5 billion. The agreement follows Circle having raised $440 million from investors including Fidelity, Valor Capital Group, and the London-based hedge fund Marshall Wace for operating expenses back in May. The company will become a publicly traded firm on the NYSE under the ticker symbol CRCL.

Stablecoins are a cryptocurrency that pegs its exchange value against an accepted fiat currency, gold, or other traditional assets. A benefit to a stablecoin, unlike Bitcoin, which in early May was trading above $58,000 and now recently valued at around $33,000, is a stablecoin is only as volatile as the underlying method of exchange it is referenced against. This means 1 USDC would still hold the same exchange value a week or month in the future, unlike other cryptocurrencies that have values that are much more speculative and erratic.

“Circle was founded with a mission to transform the global economic system through the power of digital currencies and the open internet,” said Jeremy Allaire, Circle’s co-founder, and CEO. He added that going public would give Circle “the capital and relationships needed to build a global-scale internet financial services company that can help businesses everywhere to connect into a more open, inclusive and effective global economic system.”  There is more than $25 billion of Circle’s stablecoin USDC in cyber-circulation; it has helped conduct over $785 billion in on-chain transactions, according to the company.

 

Stay up to date. Follow us:

 

Deal Terms

The merged entity will be supported by $415 million in capital commitments at $10 per share, with investments from Marshall Wace, Fidelity Management & Research Company LLC, and Adage Capital Management LP. Additionally, there will be $276 million held by Concord, raised through an Initial Public Offering in December 2020. In total, the deal will add about $691 million of new proceeds to the new corporate structure. Proceeds from the deal will be invested in growth and product development.

Existing Circle shareholders will retain roughly 86% of the shares in the public company.

Take-Away

Exposure to cryptocurrency growth can come in various ways beyond holding the currency. Publicly traded companies that either provide digital currency direct or ancillary services such as blockchain are another way investors gain exposure.

The pace of de-SPACs, although off from the record levels of six months ago, is still brisk. The Circle transaction may cause more attention to be placed on stablecoin cryptos, which are less speculative, and increase familiarity with SPAC IPOs which have more options to reduce investor risk than most speculative plays in the stock markets.

 

Suggested Reading:

The Lifecycle of a SPAC

SPAC Investors Benefit from the Ability to Exercise Different Options

Merger of a SPAC, the De-SPAC Phase Explained

Investing in the Businesses in and Around Crypto

Sources:

https://www.circle.com/hubfs/investors/Press-Release-Circle-Concord-July2021.pdf

https://www.circle.com/investors

https://www.concordacquisitioncorp.com/home/default.aspx#about-us

 

Esports Entertainment Group Partners with Hall of Fame Resort and Entertainment Company to Become the Exclusive Esports Provider at the Hall of Fame Village Powered by Johnson Controls

Newark, New Jersey–(Newsfile Corp. – July 9, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW), an esports entertainment and online gambling company, and Hall of Fame Resort and Entertainment Company (“HOFV”) (NASDAQ: HOFV) (NASDAQ: HOFVW), the only resort, entertainment and media company centered around the power of professional football and the owner of the Hall of Fame Village powered by Johnson Controls (the “Destination”), today announced a partnership that will bring esports to the Destination.

Per terms of the partnership, Esports Entertainment Group will be the Hall of Fame Village powered by Johnson Controls’ official esports provider and will operate a 7,000-square-foot Helix eSports entertainment center that will be located in the retail promenade at the Destination, joining Topgolf Swing Suites and Don Shula’s, among others. The esports center, which is slated to open in mid-2022, will serve as an entertainment hub where gamers can socialize, practice, compete and learn through a variety of esports activities and events. This facility enables the HOFV to benefit from the strong demand for esports worldwide. In addition to the location, this new partnership allows for the consideration of additional growth in several other business lines, including the potential for esports betting and fantasy sports betting as legislators continue to entertain the opportunity to legalize sports betting within Ohio over the next few months.

“We are excited to work with HOFV to bring esports to the Hall of Fame Village,” said Grant Johnson, CEO of Esports Entertainment Group. “This partnership places our brand in front of professional football fans globally and will place a Helix eSports center right in Canton. It also aligns extremely well with our recent strategic push into Ohio, which gained momentum in recent months through our partnership with the Cleveland Cavaliers as well as last month’s testimony in front of the Ohio State Senate Select Committee on Gaming by our CFO Dan Marks and VP of Strategy Jeff Cohen as advocates for the esports industry.”

“With the popularity of esports and its continued upwards trajectory, we are thrilled to partner with the highly respected EEG to offer fans a new state-of-the-art facility at the Village,” said Michael Crawford, President & CEO of HOFV. “Having an EEG-powered esports complex as part of our development on campus adds another compelling opportunity for gaming enthusiasts and guests to engage in virtual environments as well as offering us the ability to draw in fans from all over the world – both in person and virtually – providing us with strategic growth opportunities within our Company’s gaming vertical.”

Helix eSports will feature 80 high-end PCs, both next generation console systems (Xbox Series X and Playstation5) and other leading gaming and computing equipment, including virtual reality. It will be open for casual gameplay, allowing the Destination’s guests to socialize with friends while gaming in addition to future planned competitive tournaments and leagues. Additionally, there will be capacity for community and educational events meant to empower the next generation of gamers with equitable access to technology and STEM education.

About Hall of Fame Resort & Entertainment Company

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) (NASDAQ: HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame’s campus. Additional information on the Company can be found at www.HOFREco.com.

About Esports Entertainment Group

Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

U.S. Investor Relations
RedChip Companies, Inc.
Dave Gentry
407-491-4498

[email protected]

Media & Investor Relations Inquiries  
[email protected]
[email protected]