Comtech Telecommunications Corp. Announces New Contract Worth $1.9 Million with Top U.S. Telecom Service Provider
MELVILLE, N.Y.--(BUSINESS WIRE)--Oct 8, 2018--October 8, 2018-– Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today, that during its first quarter of fiscal 2019, its Enterprise Technologies group, which is part of Comtech’s Commercial Solutions segment has received a multi-year $1.9 million order from a top U.S. telecom service provider for hosted data assistance services that will further enable the delivery of value-added location-based services.
“With our hosted data assistance systems, service providers have access to location-optimized information to support Comtech services and applications, thereby reducing impact of high capacity transactions on their network,” said Fred Kornberg, President and CEO of Comtech Telecommunications Corp. “This creates a number of opportunities to add the benefit of location-based services without effecting subscriber experience and throttling the need for additional capacity for the service provider. We’re looking forward to adding this service to an already successful, long-standing customer relationship.”
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181008005111/en/
CONTACT: Media Contact:
Michael D. Porcelain, Senior Vice President and Chief Operating Officer
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE INTERNET NETWORKS SOFTWARE AUDIO/VIDEO TELECOMMUNICATIONS TRANSPORT SATELLITE SECURITY SEMICONDUCTOR VOIP MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT AEROSPACE COMMUNICATIONS OTHER COMMUNICATIONS
SOURCE: Comtech Telecommunications Corp.
Copyright Business Wire 2018.
PUB: 10/08/2018 09:00 AM/DISC: 10/08/2018 09:01 AM