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Comtech Telecommunications Corp. Announces Strategic Acquisition of UHP Networks Inc. for $40.0 Million

November 21, 2019

Comtech Telecommunications Corp. announced that it has entered into an agreement to acquire UHP Networks Inc. (“UHP”), a leading provider of innovative and disruptive satellite ground station technology solutions, for a purchase price of approximately $40.0 million. Founded in 2005, UHP is based in Canada and has developed revolutionary technology that is transforming the Very Small Aperture Terminal (“VSAT”) market.

Fred Kornberg, President and Chief Executive Officer of Comtech, said, “With end-markets for high-speed satellite-based networks significantly growing, Comtech’s acquisition of UHP is a significant step in enhancing our solution offerings for the satellite ground station market. After months of extensive testing, we believe that UHP’s innovative implementation techniques for time division multiple access (“TDMA”) technology are best-in-class. UHP’s disruptive technologies were developed starting with a blank sheet of paper, are unencumbered by legacy methods and provide the highest TDMA efficiency at the lowest cost available. We are delighted to acquire UHP and expect the use of their incredible technology to expand globally for many years ahead.”

Vagan Shakhgildian, President of UHP, said, “I believe this strategic combination with Comtech is compelling. I expect our customers will significantly benefit from greater resources and capabilities than UHP could provide on a stand-alone basis. We intend to maintain a sharp focus on all scheduled and committed rollouts to our customers and supporting all existing products, services, and agreements to our customers including value-added resellers, distributors, original equipment manufacturers and other strategic partners. All of UHP employees and myself look forward to working with the Comtech management team to deliver world-class products to our existing customers and new customers around the world.”

Key Strategic Benefits for Comtech Include:

Expands Comtech’s product line in the satellite ground station market, which has a growing need for reliable, high capacity satellite equipment, particularly in the private and high-performance enterprise VSAT market.

Allows Comtech to integrate a revolutionary TDMA technology into Comtech EF Data Corp.’s industry leading HEIGHTSTM platform (which includes our HEIGHTS Dynamic Network Access (“H-DNA”) dynamic Single Carrier per Channel (“dSCPC”) technology).

Brings new relationships with top tier U.S. mobile network operators, Fortune 500 global companies and international government agencies.




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