MELVILLE, N.Y.–(BUSINESS WIRE)–October 14, 2019 — Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable location, navigation and communication technology, announced today that during the first quarter of fiscal 2020, its Commercial Solutions Segment was awarded a $4.4 million contract renewal from a key Fortune 500 customer which renewed the licensing of Comtech’s GPS-enabled navigation platform.
“Comtech’s robust navigation platform and applications are backed by a highly reliable data center infrastructure and more than 15 years of connected navigation solutions experience. We are pleased that this customer has continued to work with us again and believe this award demonstrates our unmatched capability to work with customers to meet their location technology needs,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp.
The Location Technologies group of Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety 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.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.
Michael D. Porcelain, Senior Vice President and Chief Operating Officer