MELVILLE, N.Y. –
December 17, 2018– Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today, that during its second quarter of fiscal 2019, its
Enterprise Technologies group, which is part of Comtech’s Commercial
Solutions segment, has received a two-year renewal agreement worth $3.6
million for use of its Location-Based Services (LBS) platform for a
Fortune 500 company doing business in the telecom industry.
Comtech’s location technology allows authorized users to locate and
track mobile devices and monitor specific areas of interest. The LBS
platform can be used to support a wide variety of use cases including
location accuracy testing, public safety, network optimization and big
data analytics.
“We are happy to extend this contract for another two years, providing
continued access to accurate and secure location-based services for a
number of mobile applications,” said Fred Kornberg, President and Chief
Executive Officer of Comtech Telecommunications Corp. “This customer is
a highly valued industry partner and we look forward to continuing our
long and fruitful collaboration.”
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
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Michael D. Porcelain, Senior Vice President and Chief
Operating Officer
631-962-7000
[email protected]
