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Comtech Awarded $29 Million for Blended Communications Technologies and Location Services
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Rhea-AI Summary
Comtech (NASDAQ: CMTL) has secured a $29 million contract from Al Yah Satellite Communications Company (Yahsat) for developing communications technologies and location services for Yahsat's Thuraya 4-NGS satellite constellation. The deal involves designing, installing, and testing the Location Tracking Services Platform and User Terminals. Comtech aims to enhance connectivity for commercial and government clients by blending satellite and terrestrial technologies. This partnership reflects Yahsat's commitment to innovation in satellite communications and Comtech's role in bridging the digital divide worldwide.
Positive
Secured a $29 million contract with Yahsat.
Developing advanced communication and location services technologies.
Partnership enhances connectivity for underserved regions.
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None.
MELVILLE, N.Y.--(BUSINESS WIRE)--
Mar. 16, 2023--Comtech (NASDAQ: CMTL) announced today that Al Yah Satellite Communications Company PJSC (Yahsat), the United Arab Emirates' flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange (ADX; under the symbol: YAHSAT), awarded the company $29 million to deliver communications technologies and location services that will operate on Yahsat’s Thuraya 4-NGS satellite constellation.
Under this contract, Comtech will design, develop, install, integrate, and test communications and location-based technologies for Yahsat’s Location Tracking Services Platform and User Terminals. Comtech’s offerings will help enable blended communications and enhanced location-based services for end users of Yahsat’s network.
“Comtech and Yahsat’s partnership further demonstrates the advantages of blending satellite and terrestrial technologies to enable secure, enhanced, and ubiquitous connectivity services for commercial and government customers around the world,” said Ken Peterman, President and CEO, Comtech. “This contract also illustrates the trust of our international partners as well as Comtech’s unique ability to deliver the innovative solutions and services needed to connect the unconnected, bridge the digital divide, and empower individuals across the globe through access to new technologies.”
“We are proud to be partnering with Comtech on this significant project. This collaboration is testament to our commitment to innovation and our determination to provide our customers with the latest cutting-edge technologies,” said Ali Al Hashemi, Group CEO, Yahsat. “At Yahsat, we have built a reputation as a forward-thinking satellite communications provider that is able to anticipate and solve challenges that prevent our customers from successfully achieving their goals. This approach perfectly synergizes with Comtech’s expertise and together we seek to shift the paradigm in location tracking and communications."
Comtech’s communications capabilities and location-based services, including those provided to Yahsat, are designed to support the convergence of global communications infrastructures. With the merging of space, satellite, terrestrial, and wireless technologies, Comtech is uniquely positioned to enable hybrid network infrastructures that can open the door to a nearly endless number of applications and deliver connectivity to locations that have historically been underserved or unconnected.
About Comtech
Comtech Telecommunications Corp. is a leading global technology company providing space and satellite communications technologies, terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, 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.
