COMS - COMSovereign Vercom deploy Fastback radio for wireless operator; shares surge ~20%

2023-06-16 05:27:42 ET

• COMSovereign ( NASDAQ: COMS ) on Wednesday said that Vercom deployed its Fastback Intelligent Backhaul Radio (IBR) to rapidly restore a wireless network service after an outage.
• The companies noted that they continued their five-year relationship providing connectivity solutions for networks including emergency network restoration support of a major wireless operator using COMSovereign's IBRs.
• In a recent deployment, Vercom was contracted by a network operator to provide emergency service restoration after a disruption which provided connectivity to a surrounding city and a nearby public university campus
• The companies added Vercom was able to quickly restore wireless service by using a Fastback IBR-1300 unlicensed radio link within four hours of arrival on site.
• COMSovereign noted that Fastback radios are powered by artificial intelligence (AI) and Extreme Interference Protection (XIP) technologies to provide reliable performance even in congested wireless environments.
• COMS +23.78% to $2.29 premarket June 16

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