Description of Transaction and Request for Waiver

0027-EX-TU-2017 Applicant Eligibility

Radant Technologies, Inc.

2017-08-24ELS_197337

                      Description of Transaction and Request for Waiver

        This application requests Commission consent to the transfer of control of experimental
licenses held by CPI ASC Signal Division Inc. (“ASC”) (Call Sign WE2XDF) and Radant
Technologies, Inc. (“Radant”) (Call Sign KA2XYK).

        On July 26, 2017, Odyssey Investment Partners Fund V, LP (“Odyssey”) acquired an
indirect controlling interest in CPI International, Inc. (“CPI”) through a merger of a wholly
owned subsidiary of Odyssey, with and into a holding company that directly owned 100 percent
of CPI. This holding company then merged with and into CPI, with CPI continuing as the
surviving entity. CPI indirectly owns 100 percent of ASC and Radant. As a result, these
licensees are now indirectly owned and controlled by Odyssey.

        Due to inadvertent oversights and misunderstandings regarding FCC licensing
requirements, the parties did not file an application seeking consent for the transfer of control of
the license. The parties regret the oversight and now seek to rectify the omission by filing this
application with a request for a waiver of the requirement in Section 5.79 of the Commission’s
rules to seek prior consent to the transfer of control. Another subsidiary of CPI holds a business
radio license, and the parties are concurrently filing the appropriate transfer of control
application with the Wireless Telecommunications Bureau.

        The transaction and grant of consent to these applications are in the public interest. The
licenses at issue facilitate the testing of radio communication equipment developed and
manufactured by CPI and its affiliates. Commission consent will authorize and support the
continued and uninterrupted testing operations enabled by the experimental licenses.
Accordingly, the parties respectfully submit that Commission approval for the transaction will
serve the public interest, convenience, and necessity.



Document Created: 2017-08-24 14:13:04
Document Modified: 2017-08-24 14:13:04

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