Comtech Telecommunications Corp. Announces Contract Renewal Worth $4.6 Million with a U.S. Wireless Carrier
MELVILLE, N.Y.–(BUSINESS WIRE)– February 12, 2018– Comtech Telecommunications 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 contract renewal worth approximately $4.6 million from one of the largest wireless carriers in the United States renewing the licensing for Comtech’s next-generation tracking and geo-fencing solution.
“We are pleased that our customer has chosen us to continue to provide them with our advanced location-based solutions across a number of connected markets,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “We are looking forward to supporting this customer with other solutions and services.”
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 Commissionfilings 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.
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
Source: Comtech Telecommunications Corp.
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