Comtech Telecommunications Corp. Awarded $3.7 Million of Funding to Support State of Maryland Department of Human Services with IT Services

Rhea-AI Summary

On November 16, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) announced it secured $3.7 million in funding from the State of Maryland Department of Human Services (DHS) for statewide Technical Operations Support Services. This contract highlights Comtech's commitment to providing high-quality IT services, establishing a trusted partnership with the DHS, which serves over one million individuals annually. The company aims to enhance support for the DHS’s IT needs, reflecting its role in delivering critical services to Maryland's social service landscape.

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• Awarded $3.7 million in funding from the Maryland DHS for Technical Operations Support Services.
• Strengthens partnership with Maryland DHS, a key social service provider reaching over one million people annually.

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• None.

MELVILLE, N.Y.--(BUSINESS WIRE)-- November 16, 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 $3.7 million of funding to provide the State of Maryland Department of Human Services (“DHS”) with statewide Technical Operations Support Services (“TOSS”). Comtech and its experienced team members work directly with the personnel of DHS to develop, maintain and support the IT needs of DHS.

“Through our provisioning of high quality IT services on a consistent basis, we’ve become a trusted partner to the State of Maryland DHS. We look forward to continuing to provide service at an optimal level to all state agencies included in this extension of the contract,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

The Maryland DHS is the state’s primary social service provider, annually reaching more than one million people. Through its 24 local departments of social services, the agency pursues opportunities to assist people in economic need, provide preventive services, and protect vulnerable children and adults in each of Maryland’s 23 counties and Baltimore City. Additional information may be found at dhs.maryland.gov.

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/20211116005333/en/

Comtech Investor Relations:

631-962-7005

investors@comtech.com

Source: Comtech Telecommunications Corp.

FAQ

What contract did Comtech Telecommunications Corp. secure on November 16, 2021?

Comtech Telecommunications Corp. secured a $3.7 million contract with the State of Maryland DHS for Technical Operations Support Services.

How does Comtech Telecommunications Corp. support the Maryland DHS?

Comtech provides IT services to support DHS, enhancing its capabilities to assist over one million Maryland residents.

What is the significance of the contract for Comtech Telecommunications Corp.?

The contract solidifies Comtech's role as a trusted partner in delivering essential IT services to the Maryland DHS.

What is Comtech's stock symbol?

Comtech Telecommunications Corp. trades under the stock symbol CMTL on NASDAQ.