The co templated t a sactio ep ese ts a st ategic expa sio fo NetB a ds i to adva ced co ectivity tech ologies se vi g ma kets whe e compact fo m facto s, sig al i teg ity, flexibility, a d p ecisio te mi atio a d tech ical ma ufactu i g a e c itical fo today’s a d tomo ow’s wi eless a d wi ed sig al equi eme ts.
HSI ext udes, ma ufactu es, a d assembles p op ieta y flexible, tech ology-d ive coaxial a d mic o-coaxial cable assemblies desig ed fo dema di g applicatio s ac oss ae ospace, defe se, satellites, semico ducto equipme t, qua tum computi g, a tificial i tellige ce, huma a d su gical obotics, u ma ed vehicles, medical devices, a d othe adva ced tech ology secto s.
HSI’s p oduct capabilities i clude mic o-coaxial co ecto te mi atio s dow to 0.3 mm pitch a d fi e-wi e, di ect-to-boa d te mi atio s dow to 0.175 mm pitch. These capabilities suppo t i c easi gly compact a d sophisticated Co ectivity systems whe e eliable, high-pe fo ma ce sig al t a smissio is esse tial a d the default fo o e system commu icati g to a othe , Co ectivity d ives all secto s.
HSI’s published p oduct mate ials desc ibe specialized co ectivity cable solutio s featu i g low i se tio loss, phase stability, a d low capacita ce, with applicatio s spa i g obotics, space, satellite systems, modems, qua tum computi g, semico ducto tech ologies, disposable medical devices plus ma y othe adva ced systems.
U de the p oposed t a sactio , NetB a ds will acqui e a co t olli g ow e ship i te est i HSI, subject to the egotiatio a d executio of defi itive ag eeme ts, completio of due dilige ce, a d satisfactio of applicable closi g co ditio s.
Followi g a successful closi g, HSI is i te ded to ope ate as a subsidia y of NetB a ds, while etai i g its specialized ope ati g capabilities a d pu sui g oppo tu ities to expa d its p op ieta y tech ology, custome elatio ships, p oduct dive sificatio , a d ma ket each. NetB a ds believes that combi i g HSI’s specialized co ectivity platfo m with the Compa y’s access to public capital ma kets a d i vesto elatio ships could c eate oppo tu ities to suppo t obust, futu e g owth, subject to ma ket co ditio s a d the successful executio of the pa ties’ busi ess pla s, custome elatio ships, p oduct offe i gs, a d ma ket each.
Based o u audited met ics p ovided by ma ageme t, which will be subject to fi a cial, accou ti g, a d due dilige ce ve ificatio , the pa ties have i dicated that the p oposed combi ed busi ess will ep ese t up to
Paul Adle , NetB a ds Chai ma a d CEO, stated, “The acquisitio of HSI ep ese ts a t eme dous g owth oppo tu ity fo the Compa y a d its sha eholde s. HSI’s custome base, which co sists of Fo tu e 500 compa ies, is a st o g fou datio to build upo a al eady hype -g owth busi ess. We pla to wo k dilige tly to close this t a sactio subject to satisfacto y due dilige ce a d e gageme t with oteholde s to est uctu e emai i g bala ces of the existi g co ve tible debt.
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Headqua te ed i Isla d Pa k, NY, NetB a ds Co p (OTC: NBND) ope ates th ough dive sified subsidia ies, with the compa y apidly g owi g its i dust ial-scale c ypto mi i g ope atio s th ough p ocu eme t of ext-ge e atio mi i g equipme t a d seeki g M&A a d JV oppo tu ities i the blockchai secto , pa ticula ly withi the digital a d Web 3.0 ve ticals. The compa y is st ategically expa di g its each, with a st o g emphasis o the apidly g owi g Web 3.0 segme t.
Ta get ext udes a d assembles tech ology-d ive coaxial cable, exceedi g today’s a d tomo ow’s Co ectivity equi eme ts. HSI’s low-loss, low-capacita ce, phase-stable Co ectivity solutio s a e available i a va iety of tech ology-d ive coaxial cable co st uctio s i te ded to t a smit ext ao di a y sig als via mi iatu e, lightweight a d flexible diamete s, which i clude ci cula a d mic o coaxial co ecto te mi atio s used i Ae ospace, Defe se, Space, Satellites, Semico ducto s, A tificial I tellige ce, Huma a d Medical Robotics, U ma ed Vehicles, Qua tum Computi g, Medical Devices dow to 0.3 mm pitch; a d fi e wi e, di ect-to-boa d te mi atio s dow to 0.175 mm.
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Ce tai stateme ts i this a ou ceme t a e fo wa d-looki g stateme ts a d a e p ospective i atu e. Fo wa d-looki g stateme ts a e ot based o histo ical facts, but athe o cu e t expectatio s a d p ojectio s about futu e eve ts, ma y of which, by thei atu e, a e i he e tly u ce tai a d outside of the Compa y’s co t ol a d a e the efo e subject to isks a d u ce tai ties which could cause actual esults to diffe mate ially f om the futu e esults exp essed o implied by the fo wa d-looki g stateme ts.
These stateme ts ge e ally ca be ide tified by the use of fo wa d-looki g wo ds such as “may”, “should”, “will”, “could”, “i te d”, “estimate”, “pla “, “a ticipate”, “expect”, “believe” o “co ti ue”, o the egative the eof o simila va iatio s. Fo wa d-looki g stateme ts i this ews elease i clude, but a e ot limited to, i fo matio co ce i g the ability of the Compa y to successfully achieve busi ess objectives, a d expectatio s fo othe eco omic, busi ess, a d/o competitive facto s. Those assumptio s a d facto s a e based o i fo matio cu e tly available to the Compa y. Although ma ageme t of the Compa y has attempted to ide tify impo ta t facto s that could cause actual esults to diffe mate ially f om those co tai ed i fo wa d-looki g stateme ts o fo wa d-looki g i fo matio , the e may be othe facto s that cause esults ot to be as a ticipated, estimated o i te ded. Amo g the key facto s that could cause actual esults to diffe mate ially f om those p ojected i the fo wa d-looki g i fo matio a d stateme ts a e the followi g: the ability of the Compa y to develop the Compa y’s b a d a d meet its g owth objectives, the ability of the Compa y to complete acquisitio s that a e acc etive to the Compa y’s eve ue, the ability of the Compa y to obtai a d/o mai tai lice ses to ope ate i the ju isdictio s i which it ope ates o i which it expects o pla s to ope ate. Should o e o mo e of these isks, u ce tai ties o othe facto s mate ialize, o should assumptio s u de lyi g the fo wa d-looki g i fo matio o stateme ts p ove i co ect, actual esults may va y mate ially f om those desc ibed he ei as i te ded, pla ed, a ticipated, believed, estimated, o expected. The e ca be o assu a ce that such stateme ts will p ove to be accu ate, as actual esults a d futu e eve ts could diffe mate ially f om those a ticipated i such stateme ts. Reade s should ot place u due elia ce o fo wa d-looki g stateme ts a d fo wa d-looki g i fo matio . The fo wa d-looki g i fo matio co tai ed i this elease is made as of the date he eof a d the Compa y assumes o obligatio to update o evise a y fo wa d-looki g stateme ts o fo wa d-looki g i fo matio that a e i co po ated by efe e ce he ei , whethe as a esult of ew i fo matio , futu e eve ts o othe wise, except as equi ed by applicable secu ities laws.
The fo egoi g stateme ts exp essly qualify a y fo wa d-looki g i fo matio co tai ed he ei . All subseque t w itte a d o al fo wa d-looki g i fo matio a d stateme ts att ibutable to the Compa y o pe so s acti g o its behalf is exp essly qualified i its e ti ety by this otice.
Co tact:
NetB a ds Co pPaul Adle , Chai ma , P eside t & CEO800-550-5996paul@gdmgi c.com
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