Transition Networks has secured approval from the Florida Department of Transportation (FDOT) for its Managed Hardened Gigabit Ethernet PoE+ and PoE++ switches. This enables their sale and installation in state transportation projects, allowing Florida state and local agencies to utilize these products. The approval process included stringent evaluations to ensure compliance with safety standards, including ISO 9001 and NEMA TS2. The listed switches offer high reliability, with capabilities like 99.999% error-free operation and a variety of ports optimized for smart city technologies.
Ecessa Corporation, a subsidiary of Communications Systems, Inc. (NASDAQ: JCS), announced plans for significant enhancements to its secure access service edge (SASE) products in 2021. The roadmap includes a Diamond level SLA for managed services, enhanced security features like Multi-Factor Authentication, zero-touch deployments for easier setups, and cellular connectivity as-a-service. Ecessa aims to provide 100% successful guided deployments and expand capabilities to meet future customer needs. The company emphasizes a commitment to security and connectivity.
Communications Systems, Inc. (NASDAQ: JCS) has appointed Anita Kumar as its new Chief Executive Officer, effective immediately. Kumar, who has been with the company since 2011, previously served as General Manager of Transition Networks. She succeeds Roger Lacey, who remains the Executive Chairman. Kumar aims to capitalize on growth opportunities through strategic investments and innovative solutions at the network's edge. The leadership change is expected to enhance CSI's capacity in providing high-margin revenue streams and expanding its client base.
Communications Systems, Inc. (NASDAQ: JCS) announced the acquisition of IVDesk's operating assets for $950,000, with a further contingent payment of $550,000 based on customer retention. IVDesk provides cloud services primarily to small and mid-sized businesses, focusing on the financial services sector, and boasts over 85 clients. CEO Roger Lacey emphasized that IVDesk's Desktop-as-a-Service platform enhances CSI's service offerings and aligns with their strategic expansion goals. The company plans to reveal more details in future SEC filings.
Communications Systems, Inc. (NASDAQ: JCS) reported Q3 2020 financial results showing consolidated sales of $12.1 million, an 11% decrease from Q3 2019, largely due to a 33% drop in Electronics & Software segment sales. However, the Services & Support segment saw a significant increase of 351%, driven by education sector projects. The company recorded a net income of $262,000, down from $1.7 million in the prior year. Despite the pandemic's impact, CSI maintained a strong financial position with $21 million in cash and no debt, positioning itself for future growth opportunities.
Transition Networks will participate in the Smart Cities Connect Conference & Expo, held virtually from October 27-29, 2020. On October 29 at 12 p.m. EDT, the company, along with Igor, Inc., will present on IoT deployment in smart buildings and cities. The presentation will focus on the utility network concept and the role of Power over Ethernet (PoE) in smart technologies. Transition Networks will showcase its PoE+ and PoE++ switches designed for smart cities, providing essential connectivity and device management through their Device Management System software.
Transition Networks announces the release of an update to its Milestone XProtect video management system (VMS) plugin, the first approved integration of network switches with the XProtect VMS. This update facilitates simplified management for security and network administrators and enhances network visibility, diagnostics, and insights on connected devices. New features include improved alarm management and a Quick Links menu for efficient device management. The plugin is available for free until the end of the year, making it accessible for Milestone XProtect administrators.