Comtech Telecommunications Corp. Announces Telematics and Navigation Contract Renewal Worth $1.4 Million
MELVILLE, N.Y.--(BUSINESS WIRE)--Jan 7, 2019--January 7, 2019 -- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today, that during its second quarter of fiscal 2019, its Enterprise Technologies group, which is part of Comtech’s Commercial Solutions segment, has received a renewal contract for various navigation and telematics services worth $1.4 million from a Fortune Global 500 company.
“OEM’s, especially in the automotive and wireless industries, find tremendous value in our map data services that continue to exceed industry expectations for content while addressing consumer safety and security requirements,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “We look forward to continuing this valued customer relationship and expect continued business growth from our navigation and telematics product portfolio in the upcoming year.”
The Enterprise Technologies group is a leading provider of precise device location, mapping and messaging solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. 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.
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Michael D. Porcelain, Senior Vice President and Chief Operating Officer
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS TELECOMMUNICATIONS MOBILE/WIRELESS
SOURCE: Comtech Telecommunications Corp.
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PUB: 01/07/2019 09:00 AM/DISC: 01/07/2019 09:01 AM