MELVILLE, N.Y. –
January 7, 2019 — 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 renewal contract for various
navigation and telematics services worth $1.4 million from a Fortune
Global 500 company.
“OEM’s, especially in the automotive and wireless industries, find
tremendous value in our map data services that continue to exceed
industry expectations for content while addressing consumer safety and
security requirements,” said Fred Kornberg, President and Chief
Executive Officer of Comtech Telecommunications Corp. “We look forward
to continuing this valued customer relationship and expect continued
business growth from our navigation and telematics product portfolio in
the upcoming year.”
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