Comtech Telecommunications Corp. Receives $4.0 Million Order for Satellite Communications Equipment
MELVILLE, N.Y., May 18, 2004 (BUSINESS WIRE) -- Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., has received a $4.0 million order from a leading global satellite service provider.
The order is a Basic Ordering Agreement (BOA), providing for purchases of $2.0 million per year for two years. The BOA covers purchases of Comtech EF Data's satellite communications equipment ranging from digital and IP-centric satellite modems to frequency up and down converters and transceivers. The satellite service provider will deploy the equipment to support its global satellite communications infrastructure and connectivity solutions.
Based on technological advances and innovations, such as the industry's most advanced bandwidth efficient forward error correction called Turbo Product Coding, an array of modulation techniques, plus advanced IP-centric features, Comtech EF Data's technology solutions will enable operating expenses to be reduced, bandwidth efficiencies to be realized and the efficiency of satellite communications links to be maximized.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., noted "This order is once again a confirmation of the technology leadership position that Comtech EF Data enjoys within the satellite service provider community."
Comtech EF Data Corp. manufactures a broad spectrum of Data and RF products for satellite communications, including Satellite Modems, Network Monitor and Control Software, TCP/IP Performance Enhancement Proxy, Converters, Solid State Power Amplifiers, Transceivers and Satellite Terminals. All products meet or exceed the standards published by Intelsat(R), Eutelsat, Insat, AsiaSat and other worldwide and regional satellite networks. Please visit www.comtechefdata.com for more information.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company conducts its business through three complementary segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications. The Company offers niche products, systems and services where it believes it has technological, engineering, systems design or other expertise that differentiate its product offerings.
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.
Comtech Telecommunications Corp.
Fred Kornberg or Robert G. Rouse, 631-777-8900
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