Comtech Telecommunications Corp. Awarded $1.3 Million Contract Renewal with Tier-One Mobile Network Operator

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) has secured a $1.3 million contract renewal during Q3 of fiscal 2021 for its Location Technologies group, which supports messaging services. This customer has utilized Comtech's services for over 20 years, emphasizing a robust relationship. Comtech specializes in secure wireless communication technologies and offers location and messaging solutions for various sectors, including public safety and mobile network operators. The company serves over 1,000 global clients, demonstrating its extensive market presence.

Positive

• Secured a $1.3 million contract renewal, reflecting customer trust.
• Established relationship with a tier-one mobile network operator for over 20 years.

Negative

• None.

April 8, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communications technologies, announced today, that during its third quarter of fiscal 2021, its Location Technologies group, a division of Comtech’s Commercial Solutions segment, was awarded a $1.3 million contract renewal to support messaging services.

“This valued customer has relied on Comtech for over 20 years for short message service center support,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “We have a proven track record with this tier-one mobile network operator and our messaging technology serves as the mainstay for its customer offering.”

The Location Technologies 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.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. 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/20210408005172/en/

FAQ

What was the value of the contract Comtech Telecommunications Corp. received on April 8, 2021?

Comtech Telecommunications Corp. received a $1.3 million contract renewal.

What division of Comtech Telecommunications Corp. announced the contract renewal?

The contract renewal was announced by the Location Technologies group.

How long has Comtech Telecommunications Corp. supported messaging services for its customer?

Comtech has supported messaging services for over 20 years.

What technologies does Comtech Telecommunications Corp. specialize in?

Comtech specializes in secure wireless communication technologies, including location and messaging solutions.

What sector does the Location Technologies group of Comtech serve?

The Location Technologies group serves public safety, mobile network operators, and enterprise solutions.