TMCnet News
Comtech Telecommunications Corp. Awarded $1.9 Million Navigation Contract by U.S. Automotive ManufacturerJuly 11, 2018 -- Comtech Telecommunications (News - Alert) Corp. (Nasdaq: CMTL) announced today that during its fourth quarter of fiscal 2018, its Enterprise Technologies group, which is part of Comtech's Commercial Solutions segment, has been awarded a new contract agreement worth $1.9 million from a leading automotive manufacturer to develop a new navigation product for two of its top vehicle programs, including motorcycles. "With this agreement, our turn-key navigation solution will be introduced to an entirely new automotive segment and is included as a lead product for this manufacturer supporting multiple languages and is deployed globally across all major markets," said Fred Kornberg (News - Alert), President and Chief Executive Officer of Comtech Telecommunications Corp. "It also represents a new stage of growth for our navigation and mapping applications, made possible through our Location Studio platform that has been a leading source of product customization for OEMs across a number of vertical markets." The Enterprise Technologies group is a global leader in precise device location and messaging platforms. Our fully virtualized and API solutions are available to mobile network operators, enterprises, IoT developers and automotive manufacturers. For more information, visit www.comtechenterprise.com. 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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