MELVILLE, N.Y. –
November 13, 2017-– Comtech Telecommunications Corp. (Nasdaq:
CMTL) announced today that during its first quarter of fiscal 2018, its
Safety and Security Technologies group, which is part of Comtech’s
Commercial Segment, has been awarded a multi-year contract with an
estimated value of approximately $73.8 million.
This contract award, from a major U.S. telecommunications company,
provides for implementation and continued maintenance and operational
support related to wireless enhanced 9-1-1 solutions (E9-1-1). These
solutions include call routing of 9-1-1 calls from mobile phones to the
appropriate Public-Safety Answering Point (PSAP) and the delivery of
call back number and location data to the 9-1-1 dispatcher. In addition
to supporting 3G/4G (also known as Voice Over Long Term Evolution
(VoLTE)) technologies, the contract provides for new services that will
support 5G networks as they launch. The contract has an initial
performance period of two years and provides for two annual option
periods. In connection with the receipt of this contract, Comtech
received an initial funded purchase order aggregating approximately
$17.7 million.
In commenting on this award, Fred Kornberg, President and Chief
Executive Officer of Comtech Telecommunications Corp., stated, “This
contract award is a testament to the quality and high reliability of
Comtech’s market-leading Safety and Security Technology solutions. I
believe this award is the first of several contracts we will receive
from this important customer in fiscal 2018.”
Comtech Telecommunications Corp. entwirft, entwickelt, produziert und vermarktet
innovative Produkte, Systeme und Dienstleistungen für moderne Kommunikationslösungen
Lösungen. Das Unternehmen verkauft seine Produkte an einen vielfältigen Kundenstamm in den
weltweiten kommerziellen und staatlichen Kommunikationsmärkten.
Bestimmte Informationen in dieser Pressemitteilung enthalten Aussagen, die
zukunftsgerichteter Natur sind und bestimmte signifikante Risiken und
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Börsenaufsichtsbehörde beschrieben sind.
PCMTL
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