Comtech Telecommunications Corp. Announces Contract Renewal Worth $4.6 Million with a U.S. Wireless Carrier
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 contract renewal worth
approximately $4.6 million from one of the largest wireless carriers in
the United States renewing the licensing for Comtech's next-generation
tracking and geo-fencing solution.
"We are pleased that our customer has chosen us to continue to provide
them with our advanced location-based solutions across a number of
connected markets," said Fred Kornberg, President and Chief Executive
Officer of Comtech Telecommunications Corp. "We are looking forward to
supporting this customer with other solutions and services."
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.