October 11, 2018 — Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today, that during its first quarter of fiscal 2019, its Enterprise Technology group, which is part of Comtechs Commercial Solutions segment, has received a contract renewal to provide a GPS-enabled application to a key Fortune 100 customer. This contract renewal is for approximately $6.8 million, extending the relationship for a one-year period.
This renewal demonstrates our ongoing leadership in delivering powerful navigation and mapping solutions that can be designed to offer a customized experience that meets the needs of OEMs, suppliers, and telematics service providers, said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. We are committed to staying ahead of the technology curve and look forward to working with this customer for years to come.
The Enterprise Technologies group of Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging 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