Comtech Telecommunications Corp. Announces $5.6 Million Contract Renewal to Provide Messaging Application Support

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a maintenance renewal agreement worth over $5.6 million to support messaging applications for a tier-one mobile network operator in the U.S. This contract is part of its Trusted Location group, focusing on precise location and messaging solutions. CEO Fred Kornberg emphasized the importance of text messaging services in the telecommunications infrastructure, especially highlighted during the COVID outbreak. This agreement reinforces Comtech's commitment to providing reliable services to its customers.

Positive

• Secured a maintenance renewal agreement worth over $5.6 million.
• Contract awarded to Trusted Location group enhances product offerings.
• Reinforces the company's role in critical telecommunications infrastructure.

Negative

• None.

MELVILLE, N.Y.--(BUSINESS WIRE)-- October 7, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during the first quarter of its fiscal 2022, it has finalized a maintenance renewal agreement worth over $5.6 million to continue providing messaging application support for a U.S. tier-one mobile network operator.

“We are pleased to continue providing support to ensure reliable text messaging services,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “As evidenced by the outbreak of COVID, text-messaging remains a vital part of the core telecommunications infrastructure and our customer depends on Comtech’s messaging platforms to bring consistent service to their end users.”

The contract was awarded to Comtech’s Trusted Location group, 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, its platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and secure wireless communications 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. For more information, please visit www.comtechtel.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/20211007005238/en/

Comtech Investor Relations:

631-962-7005

investors@comtech.com

 

Source: Comtech Telecommunications Corp.

FAQ

What is Comtech Telecommunications Corp.'s recent contract announcement?

Comtech Telecommunications Corp. announced a maintenance renewal agreement worth over $5.6 million for messaging application support.

How much is the new contract awarded to Comtech Telecommunications Corp. worth?

The new contract is worth over $5.6 million.

What is the focus of Comtech's Trusted Location group?

The Trusted Location group specializes in precise location, mapping, and messaging solutions for public safety and mobile network operators.

When was the maintenance renewal agreement announced by Comtech?

The maintenance renewal agreement was announced on October 7, 2021.

What does Comtech Telecommunications Corp. provide?

Comtech provides next-generation 911 emergency systems and secure wireless communications technologies.