Comtech Telecommunications Corp. Secures $4.5 Million Agreement for Navigation and Telematics Services
MELVILLE, N.Y.--(BUSINESS WIRE)--
March 1, 2017 -- Comtech Telecommunications Corp. (Nasdaq:CMTL)
announced today that during its third quarter of fiscal 2017, the
Company's Commercial Solutions segment has received a $4.5 million
multi-year contract agreement from a major mobile network operator in
the Republic of China for use of the Company's navigation and telematics
APIs via their Location Studio Platform.
"This is an exciting partnership that expands the global footprint of
our Location Studio Platform," said Fred Kornberg, President and Chief
Executive Officer of Comtech Telecommunications Corp. "We are continuing
to see demand for mobile and IoT-based location solutions as well as
navigation and telematics technologies and believe that our platform
will play a major role in the adoption of these technologies throughout
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170301006101/en/
Michael D. Porcelain, Senior Vice President and Chief
Source: Comtech Telecommunications Corp.
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