MELVILLE, N.Y.--(BUSINESS WIRE)--March 15, 2017-- Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that the Company’s Commercial Solutions segment has received a two-year renewal agreement worth $7.3 million with a tier-one North American telecommunications company for the use of a customized location positioning gateway that manages all location requirements and access technologies, including CDMA, GSM, LTE and WiFi. The platform will be extended to include location of Internet of Things (IoT) devices.
“We are happy to announce the renewal of this agreement from a long-standing customer and are pleased to support the growth of new revenue streams, including services related to the Internet of Things,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp.
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.