About Wireless Telecom Group

Wireless Telecom Group, Inc., together with its subsidiaries, operates as a global designer and manufacturer of advanced RF and microwave components, modules, systems, and instruments. On January 1, 2022, the company included Wireless Telecom Group, Inc., doing business as, and operating under the trade name NoiseCom, Inc., and its wholly owned subsidiaries, including Boonton Electronics Corporation, Microlab/FXR, Wireless Telecommunications Group Ltd., CommAgility Limited and Holzworth Instrumentation, Inc. (NoiseCom, Inc., Boonton Electronics Corporation, Microlab/FXR LLC, CommAgility Limited Ltd., and Holzworth Instrumentation, Inc. are hereinafter referred to as ‘Noisecom’, ‘Boonton’, ‘Microlab’, ‘CommAgility’ and ‘Holzworth’, respectively). The company’s product groups were organized as follows: Radio Frequency Components (‘RFC’) was consisted of the company’s Microlab brand; Radio, Baseband, Software (‘RBS’) was consisted of the company’s CommAgility brand; and Test and Measurement (‘T&M’) was consisted of the company’s Boonton, Noisecom and Holzworth brands. The company’s products are sold through a small in-house direct sales force, as well as a network of industry specific manufacturers’ representatives that have established relationships with the company’s largest customers. On March 1, 2022, the company completed the sale of Microlab to RF Industries, Ltd and on December 30, 2022 completed the sale of CommAgility to E-Space Acquisitions, LLC. Subsequent to the divestitures of Microlab and CommAgility, the company is consisted of the T&M business, which is made up of the company’s Boonton, Noisecom and Holzworth brands. The T&M business provides radio frequency (‘RF’) and microwave test equipment and low phase noise RF synthesizers to equipment manufacturers, aerospace and defense companies, military and government agencies, satellite communication companies, semiconductor companies and other global technology companies. Customers The company’s customers include aerospace and defense companies, military and government agencies, satellite communication companies, semiconductor manufacturers, and other global technology companies. Products The company’s products include RF power meters, sensors and analyzers, RF synthesizers, noise generators and components and phased noise analyzers. The company’s services include calibration, repair and maintenance. The company’s customers use its products in the testing of satellite communication systems, radar systems, semiconductor manufacturing and for quantum computing. Market The company primarily engages in supplying noise source components and instruments and electronic testing and measurement instruments. In February 2020, the company acquired Holzworth, which specializes in supplying RF synthesizers and phase noise analyzers to global aerospace and defense companies, the semiconductor industry and for quantum computing. Approximately 65% of the company’s consolidated revenues were derived from commercial customers in 2022. The remaining consolidated revenues (approximately 35% in 2022) were consisted of revenues from the United States government (particularly the armed forces) and prime defense contractors. Brands and Products Boonton Boonton is a leader in high performance RF and microwave test equipment for radar, avionics, electronic warfare, electromagnetic interference compatibility, and satellite and wireless communications applications due to the company’s product quality and measurement speed and accuracy. Used across the semiconductor, military, aerospace, and commercial communications industries, Boonton products enable a wide range of power measurements and signal analysis for RF product design, production, maintenance and testing. Boonton designs and produces electronic test and measurement equipment, including power meters, power sensors, voltmeters, and audio and modulation analyzers. These products measure and analyze the performance of RF and microwave systems used by the military and commercial sectors. Boonton products are also used to test terrestrial and satellite communications, radar and telemetry. Certain power meter products are designed for measuring signals based on wideband modulation formats, allowing a variety of measurements to be made, including maximum power, peak power, average power and minimum power. Noisecom Noisecom is a leader in RF and microwave noise sources for signal jamming, system impairment, reference level comparison and calibration, receiver robustness testing, and jitter injection due to the company’s product quality and product design flexibility. Noisecom designs and produces noise generation instruments, calibrated noise sources, noise modules and diodes. Noisecom products are used to provide wide band interference and test signals for sophisticated commercial communication and defense applications, and as a stable reference standard for advanced systems found in radar applications and satellite communications. Noise source products: Simulate challenging signaling conditions in data and radio frequency transmission systems, such as jitter testing for high speed data lines used in modern computer architecture; Send signals for noise measurement to allow wireless receivers and transmitters to be optimized; Are used for jamming radio frequency signals, blocking or disturbing enemy radar and other communications and insulating and protecting friendly communications; and Comprise components in radar systems as part of built-in test equipment to continuously monitor the radar receiver and in-satellite communications where the use of back-up receivers is becoming more common. Electronic noise generation devices from Noisecom come in a variety of product types, including noise diodes, built-in-test modules (‘BITE’), calibrated noise sources, jitter sources, cryogenic noise standards and programmable instruments. Calibrated noise sources are available from audio to millimeter wavelengths in coaxial or waveguide modules. Programmable instruments are highly configurable and able to generate precise carrier-to-noise, signal-to-noise and broadband white noise levels. Noisecom products are customizable to meet the unique needs of challenging applications and can be designed for high power, high crest factor, and specific filtering. Holzworth Holzworth designs and manufactures specialty phase noise analyzers and RF synthesizers used by aerospace and defense companies, government labs, the semiconductor industry, network equipment providers and for quantum computing sold to global technology companies. Holzworth products are used in, among other things, research and automated test environments and for quantum computing. Holzworth RF synthesizers are optimized for ultra-low phase noise performance, spectral purity and fast switching speeds and their phase noise analyzers are of the same innovative design philosophy, optimized for measurement speed, z540 traceable accuracy and high reliability while measuring to noise floors at the theoretical limit. Marketing and Sales The company’s products are sold globally through its in-house sales force, industry-specific manufacturers’ representatives and through a network of authorized distributors. The company promotes the sale of its products through its website, product literature, published articles, technical conference presentations, direct mailings, trade advertisements and trade show exhibitions. The company’s relationships with its manufacturers’ representatives and distributors are governed by written contracts that either run for one-year renewable periods terminable by either party on 30 to 60 days prior notice or have indefinite lives terminable by either party on 30 to 60 days prior notice. The contracts generally provide for territorial and product representation. Research and Development The company’s research and development costs were $1.8 million for the year ended December 31, 2022. Regulation The company is subject to the Export Administration Regulations, or EAR, which regulates the export of certain ‘dual use’ items and technologies and, in some instances, requires a license from the U.S. Department of Commerce in connection with sales of the company’s products. Certain of the company’s contracts with the U.S. Government are subject to Federal Acquisition Regulations (‘FAR’) regarding government procurement. Further, certain of the company’s contracts are subject to the IT security requirements of Defense Federal Acquisition Regulation Supplement (‘DFARS’) for controlled unclassified information. The company is in the process of completing self-assessments to comply with the Cybersecurity Maturity Model Certification. Competition The company competes against many companies which utilize similar technology, some of which are larger and have substantially greater resources and expertise in financial, technical and marketing areas than the company. Some of these companies include Keysight Technologies, Inc.; Rohde & Schwarz GmbH & Co. KG; and Anritsu Corporation. History Wireless Telecom Group, Inc. was founded in 1985. The company was incorporated in the state of New Jersey in 1985.