Comtech Telecommunications Corp. Awarded $4.0 Million of Additional Funding to Develop the U.S. Navy's Advanced Time Division Multiple Access Interface Processor
MELVILLE, N.Y.--(BUSINESS WIRE)--
May 28, 2013--Comtech Telecommunications Corp. (NASDAQ: CMTL) announced
today that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp.,
received a contract modification to its previously announced contract
for the development of the Advanced Time Division Multiple Access (TDMA)
Interface Processor (ATIP) for the U.S. government's Space and Naval
Warfare Systems Command (SPAWAR). This modification funded the remaining
$3.0 million of an initial $7.5 million development order and fully
funded a $1.0 million option to develop the ATIP Terminal Simulator that
will be used to complete testing of the ATIP system. With this contract
modification, SPAWAR has funded $8.5 million of the $29.0 million total
potential contract value.
The ATIP is a Layer-2 Ethernet bridging device that will be installed on
ship, shore and submarine platforms in the Navy Multiband Terminal (NMT).
Fred Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp. commented, "This next generation development
project presents us with a tremendous opportunity to help the U.S. Navy
expand its capabilities and reduce communication costs."
Comtech EF Data Corp. is the recognized global leader in satellite
bandwidth efficiency and link optimization. The advanced communication
solutions encompass the Advanced VSAT Solutions, Modems, RAN & WAN
Optimization, Managed Bandwidth and RF products. The Company is
recognized as a technology innovator, and has a reputation for
exceptional product quality and reliability. The solutions enable
commercial and government users to reduce OPEX/CAPEX and to increase
throughput for fixed and mobile/transportable satellite-based
applications. For more information, visit www.comtechefdata.com.
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company believes many of its solutions play a vital role
in providing or enhancing communication capabilities when terrestrial
communications infrastructure is unavailable, inefficient or too
expensive. The Company conducts business through three complementary
segments: telecommunications transmission, RF microwave amplifiers and
mobile data communications. The Company sells products to a diverse
customer base in the global commercial and government communications
markets. The Company believes it is a market leader in the market
segments that it serves.
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.
Media: Michael D. Porcelain, Senior Vice President and Chief
Financial Officer 631-962-7000 email@example.com