Comtech Telecommunications Corp. Awarded $1.3 Million Contract Renewal with a U.S. Tier-One Carrier

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $1.3 million contract renewal with a U.S. tier-one mobile network operator during its first quarter of fiscal 2022. This contract focuses on precise location services utilizing their Position Determining Engine (PDE), enhancing features like turn-by-turn navigation and remote workforce management. The Trusted Location group, which secured this contract, is known for advanced location, mapping, and messaging solutions for public safety and enterprises worldwide.

Positive

• Secured a $1.3 million contract renewal, indicating strong market demand.
• Enhancements in location services will benefit user experience and customer satisfaction.

Negative

• None.

MELVILLE, N.Y.--(BUSINESS WIRE)-- November 23, 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 a $1.3 million contract renewal with a U.S. tier-one mobile network operator for precise location services.

“We believe our Position Determining Engine (“PDE”) to be the best available on a large scale,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “This customer’s end users will continue to benefit greatly from turn-by-turn navigation, family finder, and remote workforce management. They have come to rely on Comtech for this precise location information.”

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, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

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/20211123005494/en/

Comtech Investor Relations:

631-962-7005

investors@comtech.com

Source: Comtech Telecommunications Corp.

FAQ

What recent contract did Comtech Telecommunications Corp. secure?

Comtech Telecommunications Corp. secured a $1.3 million contract renewal with a U.S. tier-one mobile network operator.

What services are included in Comtech's new contract?

The contract includes precise location services utilizing their Position Determining Engine.

When was the contract awarded to Comtech?

The contract was announced on November 23, 2021, during the first quarter of fiscal 2022.

What is the significance of Comtech's Position Determining Engine?

The Position Determining Engine enhances features such as turn-by-turn navigation and remote workforce management.

What segment of customers does Comtech serve?

Comtech serves commercial and government customers worldwide, focusing on public safety and mobile network operators.