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Comtech Telecommunications Corp. Announces Maintenance Renewal Worth More Than $2.3 Million for Multiple Location-Based Services Platforms

MELVILLE, N.Y.--(BUSINESS WIRE)--Jan. 3, 2019-- January 3, 2019--Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that, during its second quarter of fiscal 2019, its Enterprise Technologies group, which is part of the Commercial Solutions segment, has finalized a renewal agreement worth more than $2.3 million with a key Fortune 100 customer, licensing various location-based services (LBS) platforms, covering maintenance and support services.

“By providing every single element of the LBS value chain, we continue to build strong ongoing customer relationships that value our trusted end-to-end LBS solutions that reduce time to market and implementation costs for mobile operators, OEMs and enterprises,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “This includes ensuring our platforms are always updated and providing ongoing customer support. This attention to detail has enabled us to sustain long and fruitful customer relationships.”

The Enterprise Technologies group is a leading provider of precise device location, mapping and messaging solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechenterprise.com.

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.


Source: Comtech Telecommunications Corp.

Michael D. Porcelain, Senior Vice President and Chief Operating Officer