Comtech Telecommunications Corp. Announces Contract Award Worth $1.4 Million with South American Telecom Service Provider
February 12, 2018 at 10:00 AM EST
MELVILLE, N.Y.--(BUSINESS WIRE)--
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 $1.4 million funded order from a
telecommunications service provider based in South America for hosted
location-based services (LBS).
"Comtech's hosted LBS applications are designed to provide our customers
with competitive, revenue-enhancing, value-added services while
accelerating time-to-market and minimizing costs and resource
requirements typically associated with deploying in network," said Fred
Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp. "South America makes up the fourth-largest
mobile market in the world and we are looking forward to additional
growth in the region in 2018."
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.