TMCnet News
Comtech Telecommunications Corp. Secures $4.5 Million Agreement for Navigation and Telematics ServicesMarch 1, 2017 -- Comtech Telecommunications (News - Alert) Corp. (Nasdaq:CMTL) announced today that during its third quarter of fiscal 2017, the Company's Commercial Solutions segment has received a $4.5 million multi-year contract agreement from a major mobile network operator in the Republic of China for use of the Company's navigation and telematics APIs via their Location Studio Platform. "This is an exciting partnership that expands the global footprint of our Location Studio Platform," said Fred Kornberg (News - Alert), President and Chief Executive Officer of Comtech Telecommunications Corp. "We are continuing to see demand for mobile and IoT-based location solutions as well as navigation and teematics technologies and believe that our platform will play a major role in the adoption of these technologies throughout the world." 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. PCMTL View source version on businesswire.com: http://www.businesswire.com/news/home/20170301006101/en/ |
