Comtech Selected by Innovation Canada to Join Exclusive Accelerated Growth Services Program

Comtech joins select group of high-growth companies participating in AGS program

MELVILLE, N.Y.--(BUSINESS WIRE)--February 7, 2024-- Comtech (NASDAQ: CMTL), a global technology leader, today announced its Canadian subsidiary was invited by Innovation Canada, a sector of Innovation, Science and Economic Development Canada, to join a select group of companies participating in the Accelerated Growth Service (AGS) program. The AGS program offers support to a number of high-growth, high-potential, qualifying businesses across Canada.

As part of the program, Comtech will gain access to key government services such as financing and export opportunities. The AGS program will also provide Comtech with a personalized team of government experts to support the company’s growth plans and help identify new government programs that will help Comtech capture near and long-term business opportunities.

“Being selected by the Canadian government to join this exclusive group of companies participating in the AGS program further demonstrates the benefits of our One Comtech transformation and the trust of our government partners,” said Ken Peterman, President and CEO of Comtech. “After moving through the selection process, Innovation Canada and its government partners recognized the value of Comtech’s strategic growth plans and is now working with our team to capture new opportunities that will enable Comtech to deliver blended solutions and services that can usher in a new era of smart-enabled connectivity when and where it matters most. Comtech has partnered with commercial and government customers across Canada for over two decades, and we are looking forward to working with the AGS team to continue accelerating the adoption of new technologies in Canada and delivering positive economic impacts across the country.”

With multiple offices in technology corridors across Canada, Comtech designs, develops and delivers software-defined, multi-orbit, and scalable satellite solutions and ground systems to some of the largest satellite service providers, enterprises and governments in the world. Building on over 20 years of differentiated expertise in Canada’s satellite industry, Comtech is committed to expanding operations, accelerating innovation, and enhancing the space economy across the country. In addition, Comtech was recently recognized for its contributions supporting the first deployment of a next-generation 911 system in Canada.

About Comtech

Comtech Telecommunications Corp. (Comtech) is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions. For more information, please visit www.comtech.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance 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.

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