<< Back

Comtech Telecommunications Corp. Announces Contract Renewal Worth $1.4 Million with Leading Automotive Services Provider

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 renewal agreement worth $1.4 million from a leading automotive services provider for various location data applications, including geo-location and messaging services.

"Comtech's white-label location and navigation products are designed to allow customers across a number of industries to increase revenue and customer satisfaction through the addition of value-added services, while eliminating the need for costly and timely product development," said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. "Backed by two decades of location expertise, we continue to deliver trusted and proven end-to-end location-based services that have allowed us to build strong relationships with our current customers, such as this one, while developing new business opportunities as well."

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 Financial Officer
(631) 962-7000

Source: Comtech Telecommunications Corp.

News Provided by Acquire Media