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Comtech Telecommunications Corp. Named To Deloitte & Touche Long Island Technology Fast 50 Award

January 10, 2002 at 12:00 AM EST
Comtech Telecommunications Corp. Named To Deloitte & Touche Long Island Technology Fast 50 Award Melville, N.Y. - January 10, 2002 - Comtech Telecommunications Corp. (Nasdaq: CMTL) has been named to Deloitte & Touche's prestigious "Fast 50" Program for Long Island, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in revenues from 1996-2000 (five-year period). These companies, which include a broad spectrum of industries, are defying conventional wisdom by consistently expanding their revenues over a substantial period of time.

Comtech's CEO, Fred Kornberg, credits the successful completion of Comtech's transformation into a product-driven company with the company's 218 percent revenue growth over the past five years. He said, "Our core business has been consistently reporting strong growth for over 5 years with our telecommunications segment as the star performer. We are intensely focused on aggressively executing our strategic plan which calls for an expansion of our broad line of telecommunications and amplifier product offerings, and the commercial development of our mobile data communications business."

"Today, there are more than 22,000 technology companies in the United States, many of whom are competing for the same markets here and worldwide. The Fast 50 winners for Long Island have proven that they can compete successfully by consistently delivering technological wonders. We at Deloitte & Touche commend Comtech Telecommunications for having the vision and determination to become one of the 50 fastest growing technology companies in Long Island," said Adam Weisman, Long Island Office Managing Partner of Deloitte & Touche.

Comtech's increase in revenues of 218 percent over the five-year period of 1996 to 2000 resulted in a 16th ranking overall in the Fast 50 for Long Island. The average increase in revenues among companies who made the Fast 50 for this region was approximately 105 percent.

To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1,000,000 in 2000, must be a public or private technology company headquartered in Long Island. The Fast 50 defines a "technology company" as a business that produces technology, manufactures a technology product, or devotes a high percentage of effort to research and development of technology.

Winners of the 22 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.

About Comtech Telecommunications Corp.
Comtech Telecommunications Corp. (NASDAQ: CMTL) is an innovative player in the domestic and global high-technology markets. Through its operating units, Comtech pursues opportunities in three interrelated market segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications services. In each of these segments, growth is driven by increasing demand for telecommunications infrastructure and network and messaging services. The company's specialties include the design and manufacture of advanced products and networks used for transmission of voice, data and video using satellite, over-the-horizon microwave, terrestrial line of sight and other wireless communications systems. More than 275 distinct Comtech products are in service in more than 100 countries.

About Deloitte & Touche
Deloitte & Touche LLP, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.

About Deloitte & Touche's Technology & Communications Group
The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, media and publishing, communication utilities, networking, wireless, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial, operational, and information technology assistance to its technology and communications clients.