MELVILLE, N.Y. –
November 14, 2017— Comtech Telecommunications Corp. (Nasdaq:
CMTL) announced today that during its first quarter of fiscal 2018, its
Safety and Security and Enterprise Technologies groups, both of which
are part of Comtech’s Commercial Solutions segment, have been awarded
three five-year contracts with an aggregate value of approximately $22.4
million.
The contracts, which were awarded by a major U.S. telecommunications
company, provide for the installation, ongoing service and related
maintenance of Next Generation 9-1-1 public safety Call Handling and
Emergency Services IP Network (ESInet) solutions for multiple local,
state, and federal government customers. Each of these three contract
awards have an initial performance period of two years and provide for
three annual option periods. In connection with these contract awards,
Comtech received initial funded orders aggregating approximately $8.3
million.
“Public safety agencies across the United States are adopting more
modern technologies such as IP-based communications including text, data
and photos that enhance the speed and accuracy of first responders,”
said Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp. “We are pleased that we have been selected to
continue to provide this major U.S. telecommunications company with
public safety solutions for their end customers and look forward to
working with our customer for many years ahead.”
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: http://www.businesswire.com/news/home/20171114005447/en/
Media:
Michael D. Porcelain, Senior Vice President and Chief
Financial Officer
631-962-7000
[email protected]
