Comtech Telecommunications Corp. Awarded $20.0 Million Contract with Tier-One Mobile Network Operator
September 14, 2020-- Comtech Telecommunications (News - Alert) Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable location, public safety, navigation, and communication technologies, announced today that during its fourth quarter of fiscal 2020, its Location Technologies group, a division of Comtech's Commercial Solutions segment, has finalized a 5-year contract worth over $20.0 million for location-based services ("LBS") with a tier-one carrier as part of their 5G implementation.
"We are pleased to continue working with this long-standing customer who has leveraged Comtech's location technology in a cloud native platform to deploy several dynamic applications that have contributed to the success of their company," said Fred Kornberg (News - Alert), Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. "We have a proven track record of long-term customer relationships where our location technology serves as the support for multiple offerings for this mobie network operator."
The Location Technologies group of Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.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.