Global market reach expanded by more than 25 percent during past year
MELVILLE, N.Y. –
May 14, 2018– Comtech Telecommunications Corp. (Nasdaq: CMTL), a world
leader in secure and highly reliable communication technology, today
announced that Ovum, a market-leading telecom research and consulting
firm, has identified Comtech’s Enterprise Technologies group, which is
part of its Commercial Solutions segment, as one of the strongest
challengers in the mapping and navigation market, well positioned to
move into the leader segment alongside Google Maps, HERE, TomTom, and
Apple Maps.
The ranking was included as part of Ovum’s 2H17 Location Platform Index,
a tool that assesses and ranks the major vendors in the location
platform market, with particular reference to the mapping and navigation
space. The index evaluated Comtech on two main criteria: (1) the
completeness of these products and (2) the market reach of its portfolio
of mapping and navigation products and services.
As highlighted in the report, Comtech increased the completeness of its
platform and services significantly by building on core map capabilities
with the addition of indoor mapping, aerial maps, and 3D rendering.
Comtech’s Location Studio platform was also identified as a key
application enabler, allowing it to successfully offer a diverse range
of services based on the map, while proving capable of adapting to new
technologies such as a voice interface. As a result, the report
emphasized Comtech’s substantial growth in completeness over the past
year, moving from 40% to 70%, increasing its presence in the autonomous
driving market while maintaining its status as a global player with a
strong presence in China and 85 other countries.
“Over the past decade, we have continued to build highly intelligent and
differentiated navigation and mapping product and service offerings not
found on any other competitive map or navigation platform,” said Fred
Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp. “This includes our strict data privacy policies
that allow our customers to have complete control over the management of
all location data processed.”
Comtech’s mapping and navigation platforms are hosted on highly reliable
data center infrastructure, enabling wireless carriers, original
equipment manufacturers (OEMs), tier-one suppliers, and service
providers to develop personalized, next-generation products and services
using secure turnkey solutions and customizable software development
kits (SDKs) offering a level of customization not available from other
providers. From a feature-rich, immersive map experience to advanced
navigation and localized search capabilities, Comtech utilizes a number
of patented technologies to deliver highly proficient and customized
products for the rapid deployment of mapping, directional, and other
location-based services. To learn more about these capabilities and
Location Studio, visit: www.comtechenterprise.com.
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company sells products to a diverse customer base in the
global commercial and government communications markets.
Certain information in this press release contains statements that are
forward-looking in nature and involve certain significant risks and
uncertainties. Actual results could differ materially from such
forward-looking information. The Company’s Securities and Exchange
Commission filings identify many such risks and uncertainties. Any
forward-looking information in this press release is qualified in its
entirety by the risks and uncertainties described in such Securities and
Exchange Commission filings.
PCMTL
View source version on businesswire.com: https://www.businesswire.com/news/home/20180514005772/en/
Financial Media Contact:
Michael D. Porcelain, Senior Vice
President and Chief Financial Officer
631-962-7000
[email protected]
or
Division
Media Contact:
DeAnn Baker, Vice President Comtech Enterprise
Technologies Group
410-280-1021
[email protected]
