MELVILLE, N.Y. –
February 12, 2018 — Comtech Telecommunications Corp.
(Nasdaq:CMTL) announced today that, during its second quarter of fiscal
2018, its Enterprise Technologies group, which is part of Comtech’s
Commercial Solutions segment, has received a renewal agreement worth
$1.4 million from a leading automotive services provider for various
location data applications, including geo-location and messaging
services.
“Comtech’s white-label location and navigation products are designed to
allow customers across a number of industries to increase revenue and
customer satisfaction through the addition of value-added services,
while eliminating the need for costly and timely product development,”
said Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp. “Backed by two decades of location expertise,
we continue to deliver trusted and proven end-to-end location-based
services that have allowed us to build strong relationships with our
current customers, such as this one, while developing new business
opportunities as well.”
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/20180212005172/en/
Media:
Michael D. Porcelain, Senior Vice President and Chief
Financial Officer
(631) 962-7000
[email protected]
