Comtech Telecommunications Corp. Awarded $1.1 Million of Funding to Support City of Baltimore

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $1.1 million funding award to continue its IT staffing and support services for various agencies in the City of Baltimore during Q1 fiscal 2022. This contract includes critical web-based and database development and network security implementation for local and wide area networks. CEO Fred Kornberg emphasized the importance of this extension in aiding Baltimore's technology infrastructure. Comtech is recognized for its innovations in 911 emergency systems and secure wireless communications.

Positive

• Secured a $1.1 million funding contract extension for IT services in Baltimore.
• Continues support for critical technology infrastructure for Baltimore City agencies.

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• None.

MELVILLE, N.Y.--(BUSINESS WIRE)-- October 12, 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 its first quarter of fiscal 2022, it was awarded $1.1 million of funding to continue to provide critical Information Technology (“IT”) staffing and support to multiple agencies within the City of Baltimore, including, but not limited to the Baltimore City Information & Technology (“BCIT”) and the Baltimore City Police Department.

"We are pleased that this contract extension allows us to continue to provide key web-based and database development, network security implementation and related network and IT support for the City of Baltimore's local and wide area networks,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

Comtech Telecommunications Corp. is a leading global 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. 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/20211012005655/en/

Comtech Investor Relations:

631-962-7005

investors@comtech.com

Source: Comtech Telecommunications Corp.

FAQ

What is the recent funding announcement from Comtech Telecommunications Corp.?

Comtech announced a $1.1 million funding award for IT staffing and support services for Baltimore City agencies.

How does the funding impact Comtech's services in Baltimore?

The funding allows Comtech to continue providing key IT services, including web development and network security for Baltimore's local and wide area networks.

When was the funding awarded to Comtech?

The funding was awarded during the first quarter of fiscal 2022.

What is Comtech Telecommunications Corp. known for?

Comtech is known for its next-generation 911 emergency systems and secure wireless communications technologies.

What is the stock symbol for Comtech Telecommunications Corp.?

The stock symbol for Comtech is CMTL.