Comtech Telecommunications Corp. Announces Renewal Worth $1.4 Million for Navigation and Telematics Services
December 18, 2017 at 10:00 AM EST
MELVILLE, N.Y.--(BUSINESS WIRE)--
December 18, 2017--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, received a professional services renewal agreement
worth $1.4 million from a leading automotive market provider for various
navigation and telematics services.
"Our connected navigation solutions represent more than 10 years of
industry experience delivering superior in-car navigation solutions,
supporting embedded navigation applications and providing data analytics
services that continue to meet emerging industry expectations for
content while addressing consumer safety and security requirements,"
said Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp. "We are very pleased to continue this
relationship, growing our footprint in the automotive industry while
enabling the improvement of the driver experience and development of
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.