MELVILLE, N.Y.--(BUSINESS WIRE)--November 1, 2018 -- Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today, that during its first quarter of fiscal 2019, its Enterprise Technologies group, which is part of Comtech’s Commercial Solutions segment, was awarded a strategic multi-year contract valued at approximately $5.5 million from a global telecommunications and media company. Under this contract, Comtech will provide virtualized mobile device location platforms supporting various location-based services (“LBS”).
“This competitively awarded contract is an expansion of a long-standing customer relationship and elevates our competitive position in the telecommunications industry,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “We remain committed to staying ahead of the technology curve and look forward to supporting the development of new and existing LBS offerings 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.