MELVILLE, N.Y. –
October 11, 2018 — Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today, that during its first quarter of fiscal 2019, its
Enterprise Technology group, which is part of Comtech’s Commercial
Solutions segment, has received a contract renewal to provide a
GPS-enabled application to a key Fortune 100 customer. This contract
renewal is for approximately $6.8 million, extending the relationship
for a one-year period.
“This renewal demonstrates our ongoing leadership in delivering powerful navigation
and mapping solutions that can be designed to offer a customized
experience that meets the needs of OEMs, suppliers, and telematics
service providers,” said Fred Kornberg, President and Chief Executive
Officer of Comtech Telecommunications Corp. “We are committed to staying
ahead of the technology curve and look forward to working with this
customer for years to come.”
The Enterprise Technologies group of Comtech Telecommunications Corp. is
a leading provider of precise device location, mapping and messaging
solutions. Sold around the world to mobile network operators, government
agencies, and Fortune 100 enterprises, our platforms locate, map, track
and message. For more information, 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/20181011005129/en/
Media:
Michael D. Porcelain
Senior Vice President and
Chief Operating Officer
(631) 962-7000
[email protected]
