MELVILLE, N.Y. –
January 3, 2019– Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today that, during its second quarter of fiscal 2019, its
Enterprise Technologies group, which is part of the Commercial Solutions
segment, has finalized a renewal agreement worth more than $2.3 million
with a key Fortune 100 customer, licensing various location-based
services (LBS) platforms, covering maintenance and support services.
“By providing every single element of the LBS value chain, we continue
to build strong ongoing customer relationships that value our trusted
end-to-end LBS solutions that reduce time to market and implementation
costs for mobile operators, OEMs and enterprises,” said Fred Kornberg,
President and Chief Executive Officer of Comtech Telecommunications
Corp. “This includes ensuring our platforms are always updated and
providing ongoing customer support. This attention to detail has enabled
us to sustain long and fruitful customer relationships.”
The Enterprise Technologies group 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.
Michael D. Porcelain, Senior Vice President and Chief