Ovum Identifies Comtech as Strong Challenger to Industry Leading Mapping and Navigation Providers
MELVILLE, N.Y.--(BUSINESS WIRE)--May 14, 2018--May 14, 2018-– Comtech Telecommunications Corp. (Nasdaq: CMTL), a world leader in secure and highly reliable communication technology, today announced that Ovum, a market-leading telecom research and consulting firm, has identified Comtech’s Enterprise Technologies group, which is part of its Commercial Solutions segment, as one of the strongest challengers in the mapping and navigation market, well positioned to move into the leader segment alongside Google Maps, HERE, TomTom, and Apple Maps.
The ranking was included as part of Ovum’s 2H17 Location Platform Index, a tool that assesses and ranks the major vendors in the location platform market, with particular reference to the mapping and navigation space. The index evaluated Comtech on two main criteria: (1) the completeness of these products and (2) the market reach of its portfolio of mapping and navigation products and services.
As highlighted in the report, Comtech increased the completeness of its platform and services significantly by building on core map capabilities with the addition of indoor mapping, aerial maps, and 3D rendering. Comtech’s Location Studio platform was also identified as a key application enabler, allowing it to successfully offer a diverse range of services based on the map, while proving capable of adapting to new technologies such as a voice interface. As a result, the report emphasized Comtech’s substantial growth in completeness over the past year, moving from 40% to 70%, increasing its presence in the autonomous driving market while maintaining its status as a global player with a strong presence in China and 85 other countries.
“Over the past decade, we have continued to build highly intelligent and differentiated navigation and mapping product and service offerings not found on any other competitive map or navigation platform,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “This includes our strict data privacy policies that allow our customers to have complete control over the management of all location data processed.”
Comtech’s mapping and navigation platforms are hosted on highly reliable data center infrastructure, enabling wireless carriers, original equipment manufacturers (OEMs), tier-one suppliers, and service providers to develop personalized, next-generation products and services using secure turnkey solutions and customizable software development kits (SDKs) offering a level of customization not available from other providers. From a feature-rich, immersive map experience to advanced navigation and localized search capabilities, Comtech utilizes a number of patented technologies to deliver highly proficient and customized products for the rapid deployment of mapping, directional, and other location-based services. To learn more about these capabilities and Location Studio, 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.
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CONTACT: Financial Media Contact:
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
Division Media Contact:
DeAnn Baker, Vice President Comtech Enterprise Technologies Group
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE INTERNET NETWORKS SOFTWARE AUDIO/VIDEO TELECOMMUNICATIONS TRANSPORT SATELLITE SECURITY SEMICONDUCTOR MOBILE/WIRELESS VOIP MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT AEROSPACE
SOURCE: Comtech Telecommunications Corp.
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PUB: 05/14/2018 10:00 AM/DISC: 05/14/2018 10:01 AM