TMCnet News
Comtech Telecommunications Corp. Announces Contract Award Worth $1.4 Million with South American Telecom Service ProviderFebruary 12, 2018-- Comtech Telecommunications (News - Alert) Corp. (Nasdaq: CMTL) announced today that, during its second quarter of fiscal 2018, its Enterprise Technologies group, which is part of Comtech's Commercial Solutions segment, has received a $1.4 million funded order from a telecommunications service provider based in South America for hosted location-based services (LBS). "Comtech's hosted LBS applications are designed to provide our customers with competitive, revenue-enhancing, value-added services while accelerating time-to-market and minimizing costs and resource requirements typically associated with deploying in network," said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. "South America makes up the fourth-largest mobile market in the world and we are looking forward to additional growth in the region in 2018." 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
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