Phasor Achieves Commercial Milestone with Contracts Worth Over $300 Million

WASHINGTON,August 23,2018 --

Contractsspan commercial maritime,aeronautical and land-mobility communications markets

Phasor,the pioneering developer of broadband,electronically steerable antenna systems (ESAs),announced today that it achieved an important milestone by securing commercial contracts valued at over $300 million. These multi-year product contracts are tied to exclusivity with key customers in defined target markets.

"These contracts demonstrate Phasor's progression from a technology development firm to a products company focussed on delivering enterprise-grade ESAs to commercial mobile broadband markets," said David Helfgott,CEO,Phasor.

Over the coming months,Phasor expects to announce additional contracts across its commercial mobile broadband and government Communications-on-the-Move (COTM) target markets.

Phasor's very low profile,electronically steerable antennas enable high-bandwidth service in a more reliable,robust and failure-tolerant way. The antennas are solid-state,with no moving parts,to allow electronic tracking of satellite signals. The modular architecture of the Phasor technology allows antennas to scale to virtually any use-case requirement,fixed or mobile. The antennas can be flat or conformal,and fitted seamlessly to moving aircraft,ships or land-based vehicles. Phasor's technology is very well suited to support fixed satellite networks,High Throughput Satellite networks and Non-Geosynchronous satellite networks.

About Phasor

Phasor is a leading developer of high throughput,enterprise-grade electronically steerable antenna antennas,headquartered in Washington DC,with a technology development subsidiary in London. Phasor's electronically steerable antennas are based on patented innovations in dynamic beam forming technologies and system architecture. Phasor's mission is to enable high-speed broadband communications while in-flight,at sea or travelling over land. For more information please visit http://www.phasorsolutions.com

For further information please contact:

Paul Sims

+1-770-829-4758 - office

+1-678-576-6126 - mobile

paul.sims@phasorsolutions.com