Communications Systems, Inc., Subsidiary Suttle, Inc. Sells its FutureLink™ Fiber Business Line to PPC Broadband
Summary
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 FutureLink TM 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. “We believe that the sale of Suttle’s FutureLink TM product line advances us towards that goal and signals our commitment to an organizational transformation designed to allow CSI to return to operating profitability in 2019.” Suttle and PPC intend to work with Suttle’s existing suppliers and customers to ensure continued delivery and support of all FutureLink TM Fiber products. Communications Systems, Inc. will provide additional information about Suttle’s sale of the FutureLink TM Fiber business in a Form 8-K that will be filed with the Securities and Exchange Commission on or before April 11, 2019. Focusing on innovative, cost-effective solutions, CSI provides customers the ability to deliver, manage, and optimize their broadband network services and architecture.