| [January 03, 2006] |
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Globecomm Systems Announces Multiple Awards Valued at Approximately $4.6 Million to Support IPTV Deployment Initiative
HAUPPAUGE, N.Y. --(Business Wire)-- Jan. 3, 2006 -- Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end value-added satellite-based communications solutions, today announced that the Company has received multiple awards valued at approximately $4.6 million to support a customers IPTV (television broadcast using Internet protocol) deployment initiative.
Telecom companies continue to focus on exploiting the increased convergence of all-IP communication networks offering their customers a compelling bundled triple-play (video, voice and data) service in an effort to stave off growing competition from cable operators. IPTV allows these companies to cross sell advanced video services in concert with existing voice and data offerings over their existing IP networks.
Globecomm's broadcast engineering and IP capabilities are resulting in multiple awards capitalizing on the early stages of this trend as satellite operators work with telecom companies to enable the delivery of video to the edge of the network and closer to the consumer.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: "We are witnessing a revolution that is being driven by the rapid deployment of IP broadband networks. We believe that IP communication networks will shape the landscape of how the consumer receives content in the future and we will continue to invest in this area."
About Globecomm Systems
Globecomm Systems Inc. provides end-to-end value-added satellite-based communication solutions by leveraging its core satellite ground segment systems and network capabilities, with satellite communication services capabilities. The solutions Globecomm offers include satellite-based "next generation" networks, militarized commercial off the shelf products and services, voice over Internet Protocol (VoIP), video broadcast, business recovery, satellite-based terrestrial restoral, content delivery and other networks on a global basis. Globecomm's customers include communications service providers, commercial enterprises, Internet Service Providers, content providers and government and government-related entities.
Based in Hauppauge, New York, Globecomm Systems also maintains offices in Washington, DC, Hong Kong, the United Kingdom and the United Arab Emirates.
Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters include risks and other factors detailed, from time to time, in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Reports for the year ended June 30, 2005 on Form 10-K and its Quarterly Reports on Form 10-Q for the quarter ended September 30, 2005, which the Company urges investors to consider. These risks and other factors include, but are not limited to general and political and economic instability in the United States and abroad, including the hostilities in Iraq and Afghanistan.
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