About TESSCO Technologies

TESSCO Technologies Incorporated (Tessco) operates as a value-added technology distributor, manufacturer, and solutions provider serving customers in the wireless infrastructure market. Tessco supplies over 47,000 products from more than 300 of the industry’s top manufacturers in mobile communications, Wi-Fi, Internet of Things, 5G, wireless backhaul, and more. Tessco is a single source for outstanding customer experience, expert knowledge, and complete end-to-end solutions for the wireless industry. On December 2, 2020, the company sold most of its retail inventory and certain other retail-related assets to Voice Comm, LLC (Voice Comm). In connection with this sale, the company assigned or licensed its Ventev- related intellectual property, including the Ventev trademark, to Voice Comm for their use in connection with the sale of mobile device and accessory products. Together, this resulted in the company’s exit from its Retail business. The company’s customers include a diversified mix of carrier and public network operators, tower owners, program managers, contractors, integrators, private system operators (including railroads, utilities, mining operators, and oil and gas operators), federal, state and local governments, manufacturers, national solutions providers and value-added resellers. The company serves an average of approximately 3,700 different customers per month. The company provides its customers with products and solutions to help them support these primary applications: DAS (Distributed Antenna Systems) for In-Building Cellular and Public Safety Coverage; First Responder Communications and FirstNet; IoT (Internet of Things); Microwave; Power Systems; Small Cell and Macro Cell Wireless Base Station Infrastructure, including 5G buildouts; In-Vehicle and Mobile Communications; Wi-Fi Networks; Test and Maintenance; Wireless Backhaul; and CBRS (Citizens Broadband Radio Service) and PLTE (Private Long-Term Evolution) Networks. The company sources and develops its product offerings from leading manufacturers throughout the world, and also offers innovative, high quality products developed and manufactured under its proprietary brand, Ventev, to the company’s customers. In connection with the sale to Voice Comm of Retail business assets, the company licensed or assigned to Voice Comm certain intellectual property rights, including its Ventev brand as it relates to mobile device accessory products. The company generally retains rights to the Ventev brand as it relates to other than mobile device and accessory products. Customers The company operates as two segments: Carrier, which is consisted of customers that are generally responsible for building and maintaining the infrastructure system and provide airtime service to individual subscribers; and Commercial, which includes value-added resellers, the government channel and private system operator markets. Products The company principally offers competitively priced, manufacturer branded products, ranging from simple hardware items to sophisticated test equipment. The company offers products broadly classified into the following three categories: base station infrastructure; network systems; and installation, test and maintenance products. Base station infrastructure products are used to build, repair and upgrade wireless broadband systems. These products include base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware, and mobile antennas. Network systems products include fixed and mobile broadband radio equipment, wireless networking filtering systems, distributed antenna systems, two-way radios and security and surveillance products. Installation, test and maintenance products are used to install, tune, and maintain wireless communications equipment. Products include sophisticated analysis equipment and various frequency-, voltage- and power-measuring devices, as well as an assortment of tools, hardware, GPS, safety, replacement and component parts and supplies required by service technicians. While the company principally provides manufacturer branded products, a variety of products are developed, manufactured and offered under its own brand, Ventev. These products generally consist of network infrastructure products, such as radio enclosures, power products, cable and antennas. Tessco’s Technical Services and Solutions Engineering teams are a key element of the company’s offering as a value-added distributor. These teams include Solution Architects, Inbuilding, Power and Broadband Designers and Customer Technical Support (CTS) personnel. The broad product and supplier knowledge along with the multiple supplier certifications possessed by these teams have been recognized as a great benefit by the company’s supplier partners and customers. Solution Architects are specialists in their area of expertise providing consultation and system design. The CTS team are product level experts ensuring the correct devices are specified based on the application. This team can also recommend additional ancillary products (antennas, cables, power, enclosures, etc.) needed to provide a complete solution for the customer’s application. These services, other than design services, which comprise an immaterial portion of the company’s revenues, are provided as part of a complete offering and are not billed in addition to the product. These teams provide customer support on thousands of calls and support ticket-items per year. They have completed designs covering solutions for DAS, IoT, WiFi, Networking, Wireless Broadband, Power Systems and Testing applications. These solutions teams support both existing and emerging markets, including Macro/Small Cells, Public Safety, Utilities, Transportation, National Solutions Providers, Government, System Integrators and Fortune 500 companies. The company’s customer base includes more than 182,000 fully opted in contacts across the full breadth of the wireless industry, with over 190,000 additional active contacts in its database, representing potential new customers. Intellectual Property TESSCO Communications Incorporated, a wholly-owned subsidiary of the company, maintains a number of registered trademarks and service marks in connection with its business activities, including Tessco & You, Building Our Wireless World, Together, TESSCO, TESSCO Technologies, Tessco.com, Ventev, and The Wireless Update, among many others. The company holds ten patents related to its Ventev products. History TESSCO Technologies Incorporated was founded in 1982.