Comtech Telecommunications Corp. Receives $2.5 Million Contract for Satellite Communications Equipment
July 15, 2003 at 1:08 PM EDT
MELVILLE, N.Y., Jul 15, 2003 (BUSINESS WIRE) --
Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., has received a $2.5 million contract from a major systems integrator for satellite communications equipment. The equipment will be used in fixed and transportable satellite earth station terminals by a multinational end-user. This contract also has significant add-on potential if the end-user exercises its option with the systems integrator for additional installations.
A wide range of Comtech EF Data products will be utilized, including transceivers, frequency up and down converters, as well as satellite modems. Among the key components will be our highly advanced CDM 600 satellite modem. This modem features turbo product coding, an advanced form of forward error correction, which can significantly increase the efficiency of a satellite earth station.
In commenting on this contract award, Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "This award is further evidence of the important role our technology can play in helping to build and modernize the communications infrastructure across the globe."
Comtech Telecommunications Corp. is an innovative player in domestic and global high-technology markets. Through its operating units, Comtech pursues opportunities in three interrelated market segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications services. In each of these segments, growth has been driven by increasing demand for telecommunications infrastructure and network and messaging services. The Company's specialties include the design and manufacture of advanced products and networks used for transmission of voice, data and video using satellite, over-the-horizon microwave, terrestrial line-of-sight and other wireless communications systems. More than 300 distinct Comtech products are in service in more than 100 countries.
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, President and Chief Executive Officer
Robert G. Rouse, Chief Financial Officer
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