SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Comtech Telecommunications Corp. Announces Contract Renewal of Approximately $8.4 Million with a Fortune 100 Customer
[October 12, 2017]

Comtech Telecommunications Corp. Announces Contract Renewal of Approximately $8.4 Million with a Fortune 100 Customer


October 12, 2017-- Comtech Telecommunications (News - Alert) Corp. (Nasdaq:CMTL) announced today that during its first quarter of fiscal 2018, its Enterprise Technologies group, which is part of Comtech's Commercial Solutions segment, has received a contract renewal for a GPS-enabled application from a key Fortune 100 customer. The contract value over the next twelve-months is estimated at $8.4 million.

"This renewal by a Fortune 100 customer demonstrates our continuing leadership in delivering powerful navigation solutions that use our Location Studio™ platform," said Fred Kornberg (News - Alert), President and Chief Executive Officer of Comtech Telecommunications Corp. "We are pleasedto continue to support our Fortune 100 customer and believe we will continue to do so for many years ahead."

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


[ Back To TMCnet.com's Homepage ]






Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2017 Technology Marketing Corporation. All rights reserved | Privacy Policy