MELVILLE, N.Y.--(BUSINESS WIRE)--January 17, 2017-- Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that during its second quarter of fiscal 2017, the Company’s Commercial Solutions segment has received a funded order worth approximately $5.0 million from a key Fortune 100 customer renewing the licensing of the Company’s next-generation tracking and geo-fencing solution.
“We are very pleased to extend this contract and collaboration that will continue to generate new revenue streams for this long-time customer while creating value-added services for their customer base,” 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.