MELVILLE, N.Y. –
August 7, 2017—Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today that during its fourth quarter of fiscal 2017, its
Enterprise Technologies group, which is part of Comtech’s Commercial
Solutions segment, received a $3.7 million order from a major U.S.
mobile network operator for its advanced location platform supporting
the customer’s 4G/LTE network. The order is part of a multi-year
development, deployment and support contract valued at more than $7.0
million.
The Comtech platform enables precise and sophisticated location-based
services for mobile operators leveraging an existing 4G/LTE network,
enabling the ability to quickly acquire the position of satellites and
calculate device location. Secure and completely standards-based, the
Comtech solution assures interoperability across all device providers.
“This latest contract confirms our valued role as a trusted provider of
highly accurate and secure location-based services to the mobile
industry,” said Fred Kornberg, President and Chief Executive Officer of
Comtech Telecommunications Corp. “Comtech is honored to be working with
this 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
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Media:
Michael D. Porcelain, Senior Vice President and Chief
Financial Officer
631-962-7000
[email protected]
