Comtech Telecommunications Corp. Awarded $3.1 Million in Orders for Statewide Next Generation 911 Technologies and Services

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced an additional $3.1 million in funding under a statewide contract for Next Generation 911 (NG911) services in South Carolina. The total contract value is now up to $54 million, with $20 million funded to date. This funding enhances the state's emergency communication system, facilitating better emergency services for local 911 centers. The company highlights the successful handling of over five million 911 calls monthly, reinforcing its commitment to reliable emergency solutions.

Positive

• Incremental funding of $3.1 million received, increasing total contract value to $54 million.
• Contract supports critical emergency communication enhancements in South Carolina.
• Demonstrates Comtech's capability to handle over five million 911 calls per month.

Negative

• None.

March 10, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable communication technologies, announced today, that during its second quarter of fiscal 2021, its Safety & Security Technologies group, which is part of Comtech’s Commercial Solutions segment, was awarded $3.1 million of additional funding on a previously announced statewide contract to design, deploy, and operate Next Generation 911 (“NG911”) services for the State of South Carolina. With these incremental orders, the contract which is valued at up to $54.0 million has now been funded $20.0 million to date.

The original contract award, which was won during the fourth quarter of fiscal 2020, is for implementation of Comtech’s NG911 services that will provide citizens with advanced communication capabilities when calling for emergency services, including police, fire and emergency medical services. These incremental orders, through use of Comtech’s Next Generation Core Services (“NGCS”), will enable the State of South Carolina to offer a seamless, coordinated and efficient NG911 system to this initial group of the state’s local 911 centers. In addition, a portion of this new funding represents certain of these centers purchasing state-of-the-art Solacom NG911 call handling solutions.

“These orders reinforce our partnership in providing the highest performance and reliability standards to support South Carolina with mission-critical emergency services and equipment,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

Comtech’s highly reliable technologies enable the successful handling of over five million 911 calls and texts each month. For more information about Comtech’s 911 products and services, visit www.comtech911.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/20210310005173/en/

FAQ

What recent contract did Comtech Telecommunications Corp. secure for NG911 services?

Comtech secured an additional $3.1 million in funding under a statewide NG911 services contract for South Carolina.

What is the total value of the contract for Comtech's NG911 services in South Carolina?

The total contract value for Comtech's NG911 services in South Carolina is now $54 million.

How much funding has Comtech received to date for the NG911 contract in South Carolina?

Comtech has received $20 million in funding to date for the NG911 contract.

What capabilities will the NG911 services provide to South Carolina?

The NG911 services will offer advanced communication capabilities for emergency services like police, fire, and medical assistance.

How does Comtech support emergency services with its technology?

Comtech's technology enables the handling of over five million 911 calls and texts each month, enhancing emergency response.