Communication Systems Reiterates Value Of Pineapple Merger Deal

- CSI Shareholders Will Receive Value from BOTH Legacy CSI Business AND Future Pineapple Business

- Very Close Vote and Every Share is Critical to Approval

- CSI Urges Shareholders to Vote

MINNETONKA, Minn.--(BUSINESS WIRE)-- Communications Systems, Inc. (NASDAQ:JCS) (“CSI” or the “Company”) today reiterates the value to CSI shareholders from the merger transaction with Pineapple Energy LLC (“Pineapple”) and urges CSI shareholders to vote “FOR” Proposal #1, the proposal to approve the merger transaction with Pineapple, at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time.

Almost 64% of the CSI total outstanding shares have already voted in favor of Proposal #1. To be approved, Proposal #1 requires the affirmative vote of at least two-thirds (66.67%) of CSI total outstanding shares.

Roger Lacey, Executive Chair and Interim Chief Executive Officer of CSI, commented, “Many CSI shareholders have already voted ‘FOR’ Proposal #1 because they understand the Pineapple merger transaction is an opportunity for the CSI shareholders to receive value from both the legacy CSI business and from the future Pineapple business. The ‘both/and’ nature of this transaction is one of the reasons the CSI board of directors unanimously approved the Pineapple merger transaction over an alternative ‘either/or’ transaction – that is, a transaction in which CSI shareholders would receive value either from the legacy CSI business or a future business, but not both. In particular, the CSI board of directors believes that the Pineapple merger transaction is a better strategic alternative for CSI shareholders than a liquidation, which is an ‘either/or’ transaction that would deliver value to the CSI shareholders only from the legacy CSI business.”

“With less than two business days before the special meeting, Proposal #1 is very close to being approved and every vote will make a difference no matter how many shares you own. To the CSI shareholders that have not voted yet, we urge you to stand with your fellow CSI shareholders and safeguard your investment in the CSI common stock by voting ‘FOR’ Proposal #1. Please take a moment to vote your shares now,” concluded Mr. Lacey.

The CSI board of directors unanimously recommends that CSI shareholders vote “FOR” the Proposal #1.

The adjourned special meeting will continue to be held online at www.virtualshareholdermeeting.com/JCS2022SM. Also, the record date for determining CSI shareholders eligible to vote at the special meeting will remain the close of business on January 27, 2022.

How To Vote

Please use the voting control number that accompanied your proxy materials and vote your shares today. To have your shares represented at the special meeting as soon as possible, please utilize one of the following methods below:

• Vote by Internet: www.proxyvote.com
• Vote by phone: 1 (800) 690-6903
• Call 833-782-7141 to take the vote directly

For additional questions or if you need assistance with voting, please call our solicitor Proxy Advisory Group, LLC at: (833) 782-7141.