MELVILLE, N.Y. –
July 24, 2019 — Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its fourth quarter of fiscal 2019, its Enterprise Technologies group, which is part of Comtech’s Commercial Solutions segment, has finalized a three-year contract agreement worth $3.1 million with a leading U.S. telecom organization for location-based services (“LBS”) platforms to support existing and new applications and services.
“Location technology continues to add tremendous value for our telecom and enterprise customers, allowing us to develop a number of long-term and collaborative customer relationships,” said Fred Kornberg, President and CEO of Comtech Telecommunications Corp. “We are happy to continue this long-standing relationship, providing continued access to accurate and secure location-based services for a number of existing mobile applications and those still in development.”
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. progetta, sviluppa, produce e commercializza prodotti, sistemi e servizi innovativi per soluzioni di comunicazione avanzate. L'azienda vende prodotti a una base di clienti diversificata nei mercati globali delle comunicazioni commerciali e governative.
Alcune informazioni contenute nel presente comunicato stampa contengono dichiarazioni di natura previsionale che comportano rischi e incertezze significativi. I risultati effettivi potrebbero differire materialmente da tali informazioni previsionali. I documenti della Commissione per i Titoli e gli Scambi della Società identificano molti di questi rischi e incertezze. Tutte le informazioni previsionali contenute nel presente comunicato stampa sono qualificate nella loro interezza dai rischi e dalle incertezze descritte in tali documenti della Commissione per i Titoli e gli Scambi.
PCMTL
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Michael D. Porcellana, Vicepresidente senior e Direttore operativo
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