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Communications Systems, Inc. Announces Agreement to Merge with Pineapple Energy, LLC
March 2, 2021 GMT
MINNETONKA, Minn. (BUSINESS WIRE) Mar 2, 2021
Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced that it entered into a definitive merger agreement with privately held Pineapple Energy, LLC (“Pineapple”), a growing U.S. operator and consolidator of residential solar, battery storage, and grid services solutions. Upon closing, CSI will commence doing business as Pineapple Energy, with a business model focused on the rapidly growing home solar industry. The Company expects shares of the combined company to continue to trade on the Nasdaq Capital Market under the new ticker symbol “PEGY.” The definitive merger agreement and transaction have been approved by CSI’s Board of Directors a
Communications Systems to become Pineapple, switch focus to home solar industry Minnetonka firm will sell broadband holdings to fund merger, new focus. March 3, 2021 2:24pm Text size Copy shortlink:
Minnetonka-based Communications Systems is a company that sells connectivity products for broadband networks. But on Wednesday it said it is shifting gears by merging with a company that focuses on the growing home solar industry.
In the past year, Communications Systems (CSI) has sold a business line and plans on selling the rest as part of the strategy around merging with privately held Pineapple Energy, based in Wayzata.
The company also is adopting the Pineapple name, and its stock symbol will change from JCS to PEGY. Shares would continue to trade on Nasdaq.
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SES
SES Networks Transforms Cruise Market Again as Leading Cruise Companies Choose O3b mPOWER for Enhanced Connected Guest Experiences
Tuesday, February 23, 2021 1:56PM IST (8:26AM GMT)
Four of top five major cruise companies have contracted for service on the groundbreaking O3b mPOWER system and the SES geostationary fleet, resulting in a backlog in excess of EUR 220 million
Luxembourg:
Four of the top five major cruise companies have entered into long-term strategic framework agreements, with the majority extending through 2026 and beyond, for services delivered over SES s next-generation O3b mPOWER communications system, SES announced today. These agreements will enable enhanced connectivity experiences onboard their current fleets as well as ships planned as part of their extensive new-build programmes, and result in a backlog of over EUR 220 million.
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