TESSCO Technologies Announces Appointment of IT Veteran Paul Gaffney to Board of Directors

Increases size of Board from seven to eight directors

HUNT VALLEY, Md.--()--TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, today announced that Paul J. Gaffney, 51, has been appointed to its Board of Directors effective June 6, 2018. Gaffney has a distinguished career as an information technology executive at a number of public companies and is currently Executive Vice President and Chief Technology Officer of DICK’s Sporting Goods (NYSE: DKS). In conjunction with the appointment, the Company increased the size of the Board from seven to eight directors.

“Drawing on his extensive IT and leadership background with DICK’s Sporting Goods, The Home Depot, AAA, and numerous others, Paul will be invaluable to TESSCO as we enhance our current technology tools and prepare for future technology innovations.”

“Paul’s combination of exceptionally strong IT skills and public company experience adds valuable diversity of skillset to our Board of Directors,” said Robert B. Barnhill, Founder and Chairman. “His experience as a current technology executive will provide Tessco with critical knowledge of leading-edge IT practices and fresh insight into future IT applications. Paul’s appointment also is an important step in Tessco’s board refreshment strategy, and we are excited to welcome him.”

“We are pleased to have Paul join our board and look forward to his contributions,” said Murray Wright, CEO. “Drawing on his extensive IT and leadership background with DICK’s Sporting Goods, The Home Depot, AAA, and numerous others, Paul will be invaluable to TESSCO as we enhance our current technology tools and prepare for future technology innovations.”

Gaffney has served as Executive Vice President and Chief Technology Officer of DICK’s Sporting Goods since November 2017. From August 2014 to November 2017, Mr. Gaffney served as Senior Vice President, Information Technology for The Home Depot, Inc. Prior to joining The Home Depot, Gaffney was the founding CEO of Keeps, Inc., from January 2014 to August 2014. He was the CEO of AAA of Northern California, Nevada and Utah from October 2011 to October 2014, after serving as Chief Operating Officer from June 2009 until October 2011. From 1995 to 2011, Gaffney held senior leadership roles in operations and technology at Desktone, Inc., Staples, Inc., Charles Schwab & Co., and Office Depot. He is a member of the board of directors of Experticity, Inc. and is a Henry Crown Fellow at the Aspen Institute. Gaffney has an A.B. in Computer Science from Harvard University.

About TESSCO Technologies Incorporated (NASDAQ: TESS)

TESSCO Technologies, Inc. (NASDAQ: TESS) is a value-added technology distributor, manufacturer, and solutions provider serving commercial and retail customers in the wireless infrastructure and mobile device accessories markets. The company was founded more than 30 years ago with a commitment to deliver industry-leading products, knowledge, solutions, and customer service. Tessco supplies more than 50,000 products from 400 of the industry’s top manufacturers in mobile communications, Wi-Fi, Internet of Things (“IoT”), wireless backhaul, and more. Tessco is a single source for outstanding customer experience, expert knowledge, and complete end-to-end solutions for the wireless industry. For more information, visit www.tessco.com.

Forward-Looking Statements

This press release may contain certain forward-looking statements as to anticipated results and future prospects. These forward-looking statements are based on current expectations and analysis, and actual results may differ materially from those projected. These forward-looking statements may generally be identified by the use of the words "may," "will," "expects," "anticipates," “targets,” “goals,” “projects,” “intends,” “plans,” “seeks,” "believes," "estimates," and similar expressions, but the absence of these words or phrases does not necessarily mean that a statement is not forward-looking. These forward-looking statements are only predictions and involve a number of risks, uncertainties and assumptions, many of which are outside of our control. Our actual results may differ materially and adversely from those described in or contemplated by any such forward-looking statement for a variety of reasons, including those risks identified in our most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission (the “SEC”), under the heading "Risk Factors" and otherwise. Consequently, the reader is cautioned to consider all forward-looking statements in light of the risks to which they are subject. For additional information with respect to risks and other factors which could occur, see TESSCO’s Annual Report on Form 10-K for the year ended April 1, 2018, including Part I, Item 1A, "Risk Factors" therein, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other securities filings with the SEC that are available at the SEC's website at www.sec.gov and other securities regulators.

Contacts

TESSCO Technologies Incorporated
Aric Spitulnik, 410-229-1419
Chief Financial Officer
spitulnik@tessco.com
or
Sharon Merrill Associates
David Calusdian, 617-542-5300
TESS@investorrelations.com

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