Communications Systems, Inc., Subsidiary Suttle, Inc. Sells its FutureLink™ Fiber Business Line to PPC Broadband
Communications Systems, Inc. (JCS)
Last communications systems, inc. earnings: 7/31 08:00 am
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Source: Business Wire
Transaction Supports CSI’s Organizational Transformation Process MINNETONKA, Minn.--(BUSINESS WIRE)-- Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), a global provider of enterprise network infrastructure, voice and data communication products and services for deployments and management of IT networks, today announced that its wholly-owned subsidiary Suttle, Inc. (“Suttle”) has sold its FutureLinkTM Fiber business line, including inventory and customer relationships, to PPC Broadband Inc. (“PPC”), a leading provider of high quality, end-to-end signal transmission solutions for mission-critical applications. “As previously announced, we are shifting CSI’s corporate focus towards solutions for IoT and network edge management,” said Roger H.D. Lacey, CSI’s Chief Executive Officer. “We believe that the sale of Suttle’s FutureLinkTM product line advances us towards that goal and
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