COMSovereign Announces Disposition of RVision Inc.
January 5, 2023
COMSovereign Holding Corp., a U.S.-based developer of 4G LTE advanced and 5G communication systems and solutions, announced that it has entered into a settlement agreement and sale of RVision, Inc.
The company has agreed to sell all the issued and outstanding capital stock of RVision to the buyers in exchange for the settlement of two outstanding lawsuits.
David Knight, CEO and president of COMSovereign Holding Corp., said, "The disposition of RVision is another step in our ongoing business transition, reducing our non-wireless connectivity products and associated operating expenses, while eliminating the uncertainties and costs of related litigation."