tessco technologies incorporated subsidiaries

Alliance provides pre- and post-sale technical support, engineering, radio configuration and training services. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. TESSCO Technologies Incorporated : FY 2021 Proxy Statement You must click the activation link in order to complete your subscription. TESSCO Communications Incorporated United States of America. With more than 30 years of experience serving thousands of customers from integrators to end users, major carriers, governments, and more. As of June 27, 2021, the outstanding balance under the Companys $75 million line of credit was approximately $39.7 million, and the Company maintained a balance of $2.2 million in cash and cash equivalents. 2019 Textile Products Inc. TESSCO TECHNOLOGIES INCORPORATED(the "Company") and Participant("you") is effective as of April 9, 2004. TESSCO Technologies Stock Price $8.9 2023-06-28 Market Capitalization $82.7 M 2023-06-28 Revenue $452.1 M FY, 2023 Company summary Overview TESSCO Technologies is a distributor, manufacturer, and solutions provider serving the wireless infrastructure industry. Phone: 617.542.5300 The Company was founded more than 30 years ago with a commitment to deliver industry-leading products, knowledge, solutions, and customer service. Tessco Support | Find Help with Customer Orders & Tessco.com TESSCO Technologies, Inc. (NASDAQ: TESS) is a value-added technology distributor, manufacturer, and solutions provider serving commercial customers in the wireless infrastructure ecosystem. New risks emerge from time to time. Lee Equity Partners, LLC is a New York-based private equity firm that partners with successful management teams to build companies with strong growth potential. Other Locations & Subsidiaries. 11126 Mccormick Rd, Hunt Valley, Maryland, 21031-1404. Review our Cookie Policy for more information. TESSCO Shareholders to Receive $9 Per Share in Cash in $161.4 Million Acquisition. It is imperative to act with urgency before further value is destroyed for stockholders. TESSCO Technologies Incorporated Receives Stockholder Approval to Merge You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. These forward-looking statements may generally be identified by the use of the words "may," "will," "expects," "anticipates," targets, goals, projects, intends, plans, seeks, "believes," "estimates," and similar expressions, but the absence of these words or phrases does not necessarily mean that a statement is not forward-looking. Visit www.getwirelessllc.com. We believe this quarters results are signs of the post-pandemic recovery and evidence that we are executing well on our turnaround plan, with a 9% year-over-year increase in revenues and a 37% increase in bookings, said Sandip Mukerjee, TESSCOs President and Chief Executive Officer. Captialize on Federal Government End-of-Year Funds. Tessco is a value-added supplier of wireless communications products for network infrastructure, site support, and fixed & mobile broadband networks. These statements are based on current expectations and beliefs of Tesscos management and Alliance and are subject to uncertainty and changes in circumstances. HUNT VALLEY, Md. While the last 18 months have presented considerable challenges, I am more confident than ever in our strategy and our ability to achieve our financial operating plan.. The Company has not been successful as a public company investment. 617-542-5300 The above discussion should not be construed as exhaustive and should be read in conjunction with our other disclosures, including but not limited to the risk factors and other factors described in our SEC filings including Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 26, 2023, filed with the SEC on May 26, 2023, as amended by Amendment No. 03925319, Artificial Intelligence: Leading Technology Companies, Cybersecurity: Leading Technology Companies, Electric Vehicles: Leading Technology Companies, Strategic Alliances Announced in Last 12 Months, Special Purpose Acquisition Corps. A live webcast of the conference call will be available on the Events & Presentations page of the Companys website. Nevertheless, Tesscos financial results cannot and should not be viewed in isolation, nor excused by recent events. If you experience any issues with this process, please contact us for further assistance. EBITDA, Adjusted EBITDA, EBITDA per diluted share and Adjusted EBITDA per diluted share are measures used by management to evaluate the Companys ongoing operations, and to provide a general indicator of the Company's operating cash flow (in conjunction with a cash flow statement which also includes among other items, changes in working capital and the effect of non-cash charges). . Moreover, our customers will benefit from a greater breadth of products and service options as we team with two companies that are true leaders in serving the wireless industry, and that share our commitment to innovation and customer service., We are excited about the prospects for partnering with Tessco, given its first-rate management team, technical competency, strong supplier relationships, and fantastic partnerships in the carrier and value-added reseller and integrator markets, said Ron Moss, CEO of Alliance. The desultory operational and stock price performance that has occurred under current management is compounded by the lack of liquidity for stockholders. While the Company has announced two turnaround plans in the last five years, these plans have failed to produce any tangible results. . Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report. View Tessco Technologies Inc contracts and agreements from SEC filings. Consequently, the reader is cautioned to consider all forward-looking statements in light of the risks to which they are subject. It is not possible for our management to predict all risks. In view of these transactions, we believe there are a number of private equity firms active in the technology and wireless distribution space, as well as strategic buyers, that would be interested in participating in a sale process, and we are in fact aware of other potentially interested buyers that have approached the Company to explore an acquisition, but to no avail. Turkey - Composite Technologies Center Of Excellence. Lakeview Investment Group is a Chicago-based investment manager, founded in 2004, with a focus on small- and mid-cap companies. 2 Source: Bloomberg. This communication is not a substitute for the proxy statement or any other document that Tessco may file with the SEC or send to its shareholders in connection with the proposed merger. Lakeviews proposal to buy Tessco for $7.50 per share in cash represents a 45% premium to Tesscos most recent closing share price. TESSCO Technologies 2003 Annual Report If you experience any issues with this process, please contact us for further assistance. *. Tessco Technologies Visit www.getwirelessllc.com. Transfer Agent & Registrar EQ Shareowner Services P.O. As you are aware, Lakeview Investment Group & Trading Company, LLC (together with its affiliates, Lakeview or we), is one of the largest stockholders of TESSCO Technologies Incorporated (Tessco or the Company), owning approximately 14.9% of the Companys outstanding shares of common stock. Tessco Technologies to be acquired in $161.4M deal The company supplies wireless communications products for network . New risks emerge from time to time. TESSCO TECHNOLOGIES INC | Business Contracts Visit www.alliancecorporation.ca. Email: tess@investorrelations.com. Email: tess@investorrelations.com. As shown below, the Company has dramatically underperformed its self-selected peer group and the Russell 2000 Index over the past one, three and five years, painting a bleak picture of stockholders returns on their investment. You can sign up for additional alert options at any time. 1 to Annual Report on Form 10-K, filed with the SEC on June 7, 2023, our Definitive Proxy Statement on Schedule 14A (the "Proxy Statement"), filed with the SEC on June 8, 2023 and other securities filings with the SEC that are available at the SEC's website at www.sec.gov. Legal address, headquarters, subsidaries and parent company records. The Company was founded more than 40 years ago with a commitment to deliver industry-leading products, knowledge, solutions, and customer service. This compares with adjusted EBITDA and adjusted EBITDA per diluted share of a loss of $3.5 million and $0.41, respectively, for the first quarter of fiscal 2021. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to risks and uncertainties. www.kordsa.com. If the Board refuses to engage with us in good faith and in a timely fashion, we reserve our rights to take action to protect stockholders interests, which may include seeking changes to the composition of the Board or taking our proposal directly to Tesscos stockholders. David Calusdian Cookies are also used on our website to improve your user experience, analyze your use of the site and for marketing purposes. Fiber Optic Cable, Splicing & Accessories, DAS, Boosters & Bi-Directional Amplifiers, Two-way Communications & Vehicle Mounting Solutions, Stay Current on Recent Industry News and Trends, Watch the Latest Webinars from Tessco and Leading Suppliers. Contact Us At Tessco, we promise to treat your data with respect and will not share your information with any third party. New Bitcoin ETFs Now? We are interested in working constructively with the Board, with the goal of executing a successful transaction with value, speed and certainty. Tessco is a value-added supplier of wireless communications products for network infrastructure, site support, and fixed & mobile broadband networks. (ii) any failure by the Company or its subsidiaries to make a payment due to you or to provide you with a benefit due to you, but only if the failure is not cured within fifteen (15) days after the Company receives written notice of the failure. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. (NASDAQ: TESS), TESSCO TECHNOLOGIES INCORPORATED ("Tessco" or the "Company") announced today that, at a Special Meeting of Stockholders held on July 13, 2023, Tessco stockholders approved the proposal to approve the merger transaction between Tessco and entities affiliated with Lee Equity Partners LLC and Twin Point Capital LLC, which also own Alliance Corporation ("Alliance"), a . TESSCO Enters Into Definitive Merger Agreement We will conduct the Annual Meeting exclusively online via live audio webcast, so that our shareholders can participate from any geographic location. Section 1. New York Needs Workers. 617-542-5300 At Tessco, we promise to treat your data with respect and will not share your information with any third party. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. We sincerely hope that the Board will work with us to maximize value for all Tessco stockholders, and we look forward to receiving a response in an expeditious manner. Phone Number. By providing your email address below, you are providing consent to Tessco to send you the requested Investor Email Alert updates. Phone: 617.542.5300 Tessco is a single source for outstanding customer experience, expert knowledge, and complete end-to-end solutions for the wireless industry. Alliance Corporation distributes equipment for wireless network infrastructure, in-building signal enhancement solutions, cellular broadband systems, next generation 5G networks, fixed wireless and private enterprise networks, as well as cellular solutions that connect the Internet of Things. TESSCO Technologies Incorporated Receives Stockholder Approval | TESS You must click the activation link in order to complete your subscription. Kordsa Teknik Tekstil A.S. (Turkiye) David Calusdian 1 410 2291000. For more information, visit www.tessco.com. Adjusted EBITDA and adjusted EBITDA per diluted share from continuing operations were a loss of $1.1 million and $0.12, respectively, for the first quarter of fiscal 2022. While industry-wide supply-chain challenges delayed the conversion of bookings to shipments in the first quarter, we are confident that we will be able to ship the vast majority of these open orders later this fiscal year. Before making any voting decision, shareholders of Tessco are urged to read all relevant documents filed with the SEC, including the proxy statement, when they become available because they will contain important information about the proposed merger. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to risks and uncertainties. It offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers Read More Contact Who is TESSCO Headquarters
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