Benzinga | Jan 21, 2022 07:50AM EST

EXCLUSIVE: COMSovereign's Lighter Than Air Systems Unit Wins $8.4M Multi-Unit Aerostat Subcontract From US Gov't. Prime Contractor

DALLAS, TX -- January 21, 2022 -- COMSovereign Holding Corp. (NASDAQ:COMS)

("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G

communication systems and solutions today announced that its Lighter Than Air Systems ("LTAS")

subsidiary, dba Drone Aviation, has been awarded a multi-unit, $8.4 million subcontract from a U.S.

Government prime contractor for its Winch Aerostat Small Platform ("WASP") and related support

services.

Based on current production scheduling, Drone Aviation anticipates the initial unit fulfillment under this

subcontract to start in May 2022.

"Today's award for new WASP systems is a major endorsement of our unique, rapidly deployable

tethered aerostat technology. It was the technology and operating advantages of our WASP aerostat

that resulted in our selection for this award. We are excited to begin working with our new prime

contractor partner on this program and to helping this important government customer meet their

mission requirements," said Dan Hodges, Chairman and CEO of COMSovereign Holding Corp. "Our Sky

Sovereign business unit enters 2022 with significant growing interest in its tethered aerial platforms for

both government and commercial end-users. Although we have seen several contract awards delayed

through the course of 2021, this award gives us reason to be optimistic that those delays will ease

during 2022 and we are looking forward to achieving several new milestones in the coming months."

The WASP is a highly tactical and mobile aerostat system which can be operated by a crew of two and

can provide day/night video, secure multi-frequency and multi-wave form wireless communication

range extension capability from an unimproved site or while being towed. U.S. Army soldier-operated

and DHS agent-operated WASP systems have accumulated thousands of flight hours across the U.S.,

Middle East and Africa. Operating at altitudes of up to 1,500 feet AGL, the WASP system can significantly

extend Intelligence, Surveillance and Reconnaissance ("ISR") capabilities and secure communications in

remote and austere locations. The systems can be rapidly configured to support a variety of mission

requirements for days, weeks or months with customized payloads.

For more information about COMSovereign, please visit www.COMSovereign.com and connect with us

on Facebook and Twitter.

About COMSovereign Holding Corp.

COMSovereign Holding Corp. (NASDAQ:COMS) has assembled a portfolio of communications

technology companies that enhance connectivity across the entire network. By combining strategic

acquisitions with organic research and development efforts, COMSovereign has built a U.S.-based

communications solution provider able to deliver end-to-end 4G LTE Advanced and 5G-NR telecom

solutions to network operators, enterprises, and governments. For more information about

COMSovereign, please visit www.COMSovereign.com.

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements that

reflect management's current expectations, assumptions, and estimates of future performance and

economic conditions, and involve risks and uncertainties that could cause actual results to differ

materially from those anticipated by the statements made herein. Forward-looking statements are

generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may,"

"looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates,"

"preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of

strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking

statements in this release include, but are not limited to, the impact of the current COVID-19 pandemic,

which may limit access to the Company's facilities, customers, management, support staff, and

professional advisors, and its ability to support future military and government needs for advanced

aerial platforms such as aerostats, and demand for the Company's products and services, the availability

of parts and components for the manufacture of products, economic conditions in the U.S. and

worldwide, and the Company's ability to recruit and retain management, technical, and sales personnel.

Further information relating to factors that may impact the Company's results and forward-looking

statements are disclosed in the Company's filings with the SEC. The forward-looking statements

contained in this press release are made as of the date of this press release, and the Company disclaims

any intention or obligation, other than imposed by law, to update or revise any forward-looking

statements, whether as a result of new information, future events, or otherwise.