Comtech Telecommunications Corp. Receives $12.6 Million of Movement Tracking System Orders Including $9.3 Million of Initial Funding from the Army National Guard
April 20, 2006 at 12:00 AM EDT
MELVILLE, N.Y., Apr 20, 2006 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, has received orders totaling $12.6 million on its Movement Tracking System, or MTS contract, with the U.S. Army. The total includes $3.3 million of MTS program orders and a $9.3 million initial order for the Army National Guard's acquisition of MTS equipment and services.
The $9.3 million order is the initial Army National Guard order which is being funded pursuant to the recently enacted supplemental Army National Guard and Army Reserve Equipment Plan. Such plan includes $113.6 million for National Guard MTS procurements and related program office expenses. Total orders received to date against the $418.2 million U.S. Army logistics contract, including the National Guard order, increased to $246.9 million.
The orders are for the supply of Comtech's next generation Model MT-2012 mobile satellite transceivers, which feature embedded Radio Frequency Identification (RFID) and secure Global Positioning System (GPS) capabilities, along with both ruggedized and control station computers, installation kits and services, as well as training and spare parts. Comtech's Model MT-2012 Transceiver features Savi Technology's ISO-compliant EchoPoint RFID Reader, which Savi also has deployed in the U.S. Department of Defense's In-Transit Visibility (ITV) network.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are extremely pleased to have received our first Army National Guard order from the recently passed supplemental funding bill, as well as orders for the continuing support of the U.S. Army. Our field-proven technology has been used extensively by the U.S. Army and Army National Guard in areas of conflict, such as Iraq and Afghanistan."
Mr. Kornberg added, "This National Guard order is the first of multiple orders we expect to receive which will place this proven satellite tracking and communication system in the hands of the National Guard's first responders. This critical communications capability will enable the Guard to better prepare for and react to disaster and recovery operations at the local, state and national levels. The initial units will be fielded in the hurricane-prone states. These new orders are indicative of the vital roles our communication and network technologies play in providing communications capabilities when conventional telecommunications systems are unavailable or ineffective."
Comtech Mobile Datacom Corporation, a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services through the use of advanced communication and network technology. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechmobile.com.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company conducts its business through three complementary segments: telecommunications transmission, mobile data communications, and RF microwave amplifiers. The Company offers niche products, systems and services where it believes it has technological, engineering, systems design or other expertise that differentiate its product offerings.
Savi Technology is a leading provider of supply chain management and security solutions leveraging software and Automatic Identification and Data Collection (AIDC) technologies, including Radio Frequency Identification (RFID).
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.
SOURCE: Comtech Telecommunications Corp.
Comtech Telecommunications Corp.
Fred Kornberg or Robert G. Rouse, 631-777-8900