Comtech Telecommunications Corp. Awarded $1.9 Million Navigation Contract by U.S. Automotive Manufacturer
MELVILLE, N.Y.--(BUSINESS WIRE)--
July 11, 2018 -- Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that during its fourth quarter of fiscal 2018, its
Enterprise Technologies group, which is part of Comtech's Commercial
Solutions segment, has been awarded a new contract agreement worth $1.9
million from a leading automotive manufacturer to develop a new
navigation product for two of its top vehicle programs, including
"With this agreement, our turn-key navigation solution will be
introduced to an entirely new automotive segment and is included as a
lead product for this manufacturer supporting multiple languages and is
deployed globally across all major markets," said Fred Kornberg,
President and Chief Executive Officer of Comtech Telecommunications
Corp. "It also represents a new stage of growth for our navigation and
mapping applications, made possible through our Location
Studio platform that has been a leading source of product
customization for OEMs across a number of vertical markets."
The Enterprise Technologies group is a global leader in precise device
location and messaging platforms. Our fully virtualized and API
solutions are available to mobile network operators, enterprises, IoT
developers and automotive manufacturers. 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.