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Comtech Secures Multi-Million Dollar Contracts for its ELEVATE Platform to Deliver Enhanced Connectivity in Global Markets
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Comtech (NASDAQ: CMTL) announced on March 13, 2023, the acquisition of multiple multi-million-dollar contracts for its ELEVATE platform. These contracts aim to deliver satellite cellular backhaul, telemetry data, and video services to commercial and governmental clients across six countries this year. Comtech plans to deploy up to 1,000 ELEVATE terminals, advancing accessibility to global connectivity. The company's ELEVATE technology supports both Low Earth Orbit and Geostationary Orbit systems, enhancing adaptability and scalability in communications. This initiative reflects growing demand to bridge the digital divide and expand access to advanced technologies.
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Secured multiple multi-million-dollar contracts for the ELEVATE platform.
Plans to deliver up to 1,000 ELEVATE terminals to six countries in 2023.
ELEVATE platform supports both Low Earth Orbit and Geostationary Orbit constellations, enhancing service versatility.
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MELVILLE, N.Y.--(BUSINESS WIRE)--
March 13, 2023--Comtech (NASDAQ: CMTL) recently secured multiple multi-million-dollar contracts for its ELEVATE platform to provide commercial and government customers with satellite cellular backhaul as well as telemetry data and video services over Low Earth Orbit and Geostationary Orbit constellations.
Under the contracts, Comtech will deliver up to 1,000 ELEVATE terminals this year to customers in six countries. Comtech ELEVATE is a platform designed to support multi-orbit constellations as well as the convergence of communications infrastructures.
“Comtech ELEVATE is one of the unique end-to-end technologies and services we are delivering to customers that will usher in a new era of democratized access to global connectivity,” said Ken Peterman, President and CEO, Comtech. “These contracts demonstrate the strong and growing demand for secure, adaptable, and scalable solutions that will be needed to close the digital divide and empower people across the globe with access to new technologies.”
Comtech ELEVATE provides connectivity over satellite as well as access over high capacity wireless networks. ELEVATE’s versatility can support emerging use cases that will enable the convergence of space-based applications in the United States as well as international markets.
About Comtech
Comtech Telecommunications Corp. 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.
What are the details of the contracts secured by CMTL on March 13, 2023?
CMTL secured multiple multi-million-dollar contracts to provide its ELEVATE platform for satellite cellular backhaul, telemetry data, and video services.
How many ELEVATE terminals will CMTL deliver this year?
CMTL plans to deliver up to 1,000 ELEVATE terminals in 2023.
Which markets will CMTL target with its ELEVATE platform?
CMTL's ELEVATE platform will serve commercial and government customers across six countries.
What does the ELEVATE platform support?
The ELEVATE platform supports multi-orbit constellations and aims to enhance global connectivity.
What is the significance of the ELEVATE contracts for CMTL's business?
These contracts highlight the growing demand for secure and scalable communication solutions, potentially boosting CMTL's market position.
