Comtech Awarded a 5G Contract with a Tier-One Mobile Network Operator in the Kingdom of Saudi Arabia

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a significant agreement during its fiscal Q4 2022 with a tier one mobile operator in Saudi Arabia to enhance their 5G standalone network. This deal marks the second 5G project for Comtech's Trusted Location group in the Kingdom. The collaboration aims to improve emergency response and safety services through advanced location technology, aligning with government requirements for enhanced performance. CEO Michael Porcelain highlighted Comtech's leadership in 5G location services globally.

Positive

• Awarded agreement with a tier one operator in Saudi Arabia for 5G network expansion.
• Second 5G project in the KSA, indicating strong demand and partnership growth.
• Improves emergency response and safety services, aligning with government mandates.

Negative

• None.

MELVILLE, N.Y.--(BUSINESS WIRE)-- June 1, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that during its fourth quarter of fiscal 2022, its Trusted Location group, a division of Comtech’s Commercial Solutions segment, was awarded an agreement with a tier one operator in the Kingdom of Saudi Arabia (KSA) to support their 5G standalone network. This is the second 5G project for Trusted Location in the KSA.

This mobile network operator will expand their current location technology platform for emergency response, safety, security, and value-added services. The operator will grow the 5G network within KSA, providing better performance to end users and meet new government mandates.

“Comtech is at the forefront of providing 5G location services in the Middle East and worldwide,” said Michael Porcelain, Chief Executive Officer of Comtech Telecommunications Corp. “Our innovation and strong partnerships are vital to pushing 5G globally. This technology will allow the network provider to precisely locate 5G mobile devices for safety and security purposes mandated by local governments.”

The Trusted Location group of Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise 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.comtechlocation.com.

About Comtech

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtech.com.

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.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20220601006109/en/

Investor Relations

Robert Samuels

631-962-7102

robert.samuels@comtech.com

Source: Comtech Telecommunications Corp.

FAQ

What is the recent agreement announced by Comtech Telecommunications Corp.?

Comtech announced an agreement with a tier one operator in Saudi Arabia to enhance their 5G standalone network.

How does the new agreement impact Comtech's operations?

The agreement expands Comtech's Trusted Location services, improving emergency response capabilities and safety services in Saudi Arabia.

What does the agreement mean for Comtech's future in 5G technology?

The agreement signifies Comtech's growing role in 5G solutions and reinforces its leadership in providing location services globally.

When was the agreement with the Saudi operator announced?

The agreement was announced on June 1, 2022.

What are the expected benefits of this 5G project for the operator in Saudi Arabia?

The project is expected to enhance performance for end users and meet new government safety mandates.