Microlab

WIRELESS TELECOM GROUP ANNOUNCES FOURTH QUARTER AND YEAR-END 2022 FINANCIAL RESULTS

Retrieved on: 
Thursday, March 23, 2023
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Parsippany, New Jersey, March 23, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT) (the “Company”) announced today results for the three months and twelve months ended December 31, 2022.

Key Points: 
  • Highlights for the quarter ended December 31, 2022:
    Successful sale the CommAgility business on December 30, 2022 which raised approximately $12.2 million of net proceeds.
  • Results of our remaining segment, Test & Measurement, are presented as continuing operations, and all references in this release represent continuing operations unless otherwise noted.
  • Tim Whelan, CEO of Wireless Telecom Group, Inc. stated, “We successfully executed upon our previously communicated strategic alternatives plan in 2022, closing on the sale of both our Microlab business and CommAgility business.
  • Payment of all acquisition related contingent liabilities, resulting in zero earn-out liabilities at December 31, 2022.

Wireless Telecom Group Announces the Sale of CommAgility, its Radio, Baseband and Software Segment, to E-Space

Retrieved on: 
Monday, December 5, 2022
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As a result of this transaction, Wireless Telecom Group is now comprised solely of Test & Measurement brands including Boonton, Holzworth and Noisecom.

Key Points: 
  • As a result of this transaction, Wireless Telecom Group is now comprised solely of Test & Measurement brands including Boonton, Holzworth and Noisecom.
  • Wireless Telecom Group continues to explore strategic alternatives for the Company to enhance value for shareholders.
  • CDX Advisors is serving as exclusive financial advisor and Bryan Cave Leighton Paisner is serving as legal counsel to Wireless Telecom Group.
  • Serving the wireless, telecommunication, satellite, military, aerospace, and semiconductor industries, Wireless Telecom Group products enable innovation across a wide range of traditional and emerging wireless technologies.

Hamilton and BioFluidica Pen Next Generation Liquid Biopsy Platform Co-Marketing Agreement

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Tuesday, September 27, 2022
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SAN DIEGO, Sept. 27, 2022 /PRNewswire/ -- Biofluidica, Inc., and Hamilton Company, today announced a co-marketing agreement to bring advanced Liquid Biopsy capabilities to laboratories worldwide. Biofluidica has developed the next-generation liquid biopsy platform, enabling Hamilton liquid handlers (Microlab® STAR™ and STARlet™) to process biological samples to isolate extremely rare circulating tumor cells (CTCs), circulating Leukemic cells (CLCs), fetal cells, cfDNA, and exosomes. The Biofluidica platform, LiquidScan™, integrates seamlessly into the Hamilton pipetting robots. The high precision fluid control provided by the Hamilton automated pipetting channels is designed to avoid processing loss using the Biofluidica proprietary closed-loop pipetting interface with the Biofluidica microfluidic biomarker selection chips.

Key Points: 
  • SAN DIEGO, Sept. 27, 2022 /PRNewswire/ -- Biofluidica, Inc., and Hamilton Company, today announced a co-marketing agreement to bring advanced Liquid Biopsy capabilities to laboratories worldwide.
  • Biofluidica has developed the next-generation liquid biopsy platform, enabling Hamilton liquid handlers (Microlab STAR and STARlet) to process biological samples to isolate extremely rare circulating tumor cells (CTCs), circulating Leukemic cells (CLCs), fetal cells, cfDNA, and exosomes.
  • The Biofluidica platform, LiquidScan, integrates seamlessly into the Hamilton pipetting robots.
  • BioFluidica Inc. is a privately held biotechnology company that has developed a revolutionary liquid biopsy platform.

New Analysis from Global Industry Analysts Reveals Steady Growth for In-Building Wireless, with the Market to Reach $20.3 Billion Worldwide by 2026

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Thursday, March 24, 2022
CAGR, Forecasting, Research, AT&T, Lists of companies, Technology, Solution, Business model, Crown Castle, Corning Inc., Players, NEC, Marketing, Wireless, Fujitsu, SOLID, American Tower, Globalstar, LTE, Growth, Intelligence, Government, SAN, Limited, Infrastructure, CommScope, Radio, Communication, GIA, COVID-19, NEC Corporation of America, Video game, Mobile phone, Pet, Bird, Betacom, Ericsson, Microlab, Service

Segments:Component (Infrastructure, Services); Business Model (Neutral Host Operators, Service Providers, Enterprises)

Key Points: 
  • Segments:Component (Infrastructure, Services); Business Model (Neutral Host Operators, Service Providers, Enterprises)
    Complimentary Project Preview - This is an ongoing global program.
  • Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more.
  • Rising Internet penetration, proliferation of mobile devices and tech-savvy consumers are contributing to the growth of in-building wireless market.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

Wireless Telecom Group Closes Microlab Sale

Retrieved on: 
Tuesday, March 1, 2022
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Parsippany, New Jersey, USA, March 01, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group (NYSE American: WTT) (the Company), announced today that the sale of Microlab to RF industries, Ltd. has closed, effective March 1, 2022.

Key Points: 
  • Parsippany, New Jersey, USA, March 01, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group (NYSE American: WTT) (the Company), announced today that the sale of Microlab to RF industries, Ltd. has closed, effective March 1, 2022.
  • Tim Whelan, CEO of Wireless Telecom Group, Inc. stated, We are pleased to close the transformative sale of Microlab.
  • I am encouraged by the direction Wireless Telecom Group is headed, and the enhanced opportunities the Companys evolving products and services have to create value for our shareholders.
  • Serving the wireless, telecommunication, satellite, military, aerospace, and semiconductor industries, Wireless Telecom Group products enable innovation across existing and emerging wireless technologies.

Wireless Telecom Group Announces Shareholder Approval For Microlab Sale, Reorganizes Leadership Team and Board of Directors to Accelerate Growth

Retrieved on: 
Friday, February 25, 2022
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Tim Whelan, CEO of Wireless Telecom Group, Inc. stated, We are encouraged by the strong shareholder support for the transaction, and we are expecting to close the Microlab sale next week.

Key Points: 
  • Tim Whelan, CEO of Wireless Telecom Group, Inc. stated, We are encouraged by the strong shareholder support for the transaction, and we are expecting to close the Microlab sale next week.
  • We are also reorganizing our leadership team around these two segments to best capitalize on exciting market trends.
  • Alan Bazaar, Chairman of Wireless Telecom Group, stated, With the expected closing of the Microlab transaction, we are transforming our business and continuing our focus on creating shareholder value.
  • Serving the wireless, telecommunication, satellite, military, aerospace, semiconductor, and medical industries, Wireless Telecom Group products enable innovation across existing and emerging wireless technologies.

CommAgility and GENEViSiO Partner to Deliver 5G O-RAN DU Products

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Tuesday, February 22, 2022
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The Open RAN sector is growing rapidly, with more than 300 members (including CommAgility) of the O-RAN ALLIANCE.

Key Points: 
  • The Open RAN sector is growing rapidly, with more than 300 members (including CommAgility) of the O-RAN ALLIANCE.
  • CommAgility and GENEViSiO have created a cost-effective, high-performance solution for mobile operators seeking the flexibility and cost efficiency of Open RAN networks.
  • The solution uses CommAgility's 5G New Radio (NR) software for NXP Layerscape and Layerscape Access devices, running on GENEViSiO's PAC-010 DU Inline Accelerator card.
  • Byron Lin, CEO at GENEViSiO, said: Were excited to partner with a strong developer such as CommAgility, whose proven software can bring out the maximum performance of the NXP processors.

CommAgility to Showcase 5G, Open RAN and LTE Technology at MWC Barcelona 2022

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Monday, February 14, 2022
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Parsippany, New Jersey, USA, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group company (NYSE American: WTT ), announced that its CommAgility brand will showcase its latest innovative products for 5G, Open RAN (O-Ran) and LTE applications at MWC Barcelona 2022 , in Hall 7, Booth 7B20.

Key Points: 
  • Parsippany, New Jersey, USA, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group company (NYSE American: WTT ), announced that its CommAgility brand will showcase its latest innovative products for 5G, Open RAN (O-Ran) and LTE applications at MWC Barcelona 2022 , in Hall 7, Booth 7B20.
  • The companys solutions are targeted at specialized, high-performance 5G and LTE global applications, including private networks, and satellite and air-to-ground communications.
  • Highlights of CommAgilitys MWC Barcelona 2022 attendance include:
    5G O-RAN DU PCI-e board from CommAgility partner GeneVisio.
  • CommAgilitys portfolio of LTE PHY and Stack software for both eNodeB and UE, including pre-ported and validated versions on CommAgility hardware.

Wireless Telecom Group Announces Record Fourth Quarter Sales and Provides Business Update

Retrieved on: 
Thursday, February 10, 2022
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The Company estimates record fourth quarter consolidated revenues of approximately $13.1 million, compared to $10.3 million for the same period in 2020, an increase of 26.4%.

Key Points: 
  • The Company estimates record fourth quarter consolidated revenues of approximately $13.1 million, compared to $10.3 million for the same period in 2020, an increase of 26.4%.
  • Wireless Telecom Group, Inc., comprised of Boonton , CommAgility , Holzworth , Microlab , and Noisecom , is a global designer and manufacturer of advanced RF and microwave components, modules, systems, and instruments.
  • Serving the wireless, telecommunication, satellite, military, aerospace, semiconductor, and medical industries, Wireless Telecom Group products enable innovation across existing and emerging wireless technologies.
  • Wireless Telecom Group, Inc.s website address is wirelesstelecomgroup.com .

CommAgility awarded UK government funding for 5G Open RAN project

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Monday, December 20, 2021
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Parsippany, New Jersey, USA, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT ) announced that its CommAgility brand is part of a consortium awarded funding from the UK government to develop 5G infrastructure for an Open RAN project.

Key Points: 
  • Parsippany, New Jersey, USA, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT ) announced that its CommAgility brand is part of a consortium awarded funding from the UK government to develop 5G infrastructure for an Open RAN project.
  • The 5G DU-Volution project aims to integrate products into a DU component ready for deployment in 5G networks.
  • Open RAN (O-RAN) splits the equipment needed for the Radio Access Network (RAN) into multiple components, including the DU.
  • Open RAN is a key enabler in developing 5G infrastructure, and creating flexible, efficient 5G networks, said Edward Young, Senior Vice President and Managing Director at CommAgility.