|[March 15, 2017]
Comtech Telecommunications Corp. Announces Contract Renewal for Location Positioning Solutions Worth $7.3 Million
March 15, 2017-- Comtech Telecommunications (News - Alert) Corp. (Nasdaq: CMTL)
announced today that the Company's Commercial Solutions segment has
received a two-year renewal agreement worth $7.3 million with a tier-one
North American telecommunications company for the use of a customized
location positioning gateway that manages all location requirements and
access technologies, including CDMA, GSM, LTE and WiFi (News - Alert). The platform
will be extended to include location of Internet of Things (IoT) devices.
"We are happy to announce the renewal of this agreement from a
long-standing customer and are pleased to support the growth of new
revenue streams, including services related to the Intenet of Things,"
said Fred Kornberg (News - Alert), President and Chief Executive Officer of Comtech
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: http://www.businesswire.com/news/home/20170315006037/en/
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