Comtech Telecommunications Corp. Awarded $4.7 Million Contract with Channel Partner

Rhea-AI Summary

On August 18, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a contract worth up to $4.7 million with a channel partner. This contract involves supplying software updates for messaging applications to a U.S. tier-one mobile network operator. Fred Kornberg, CEO, emphasized the long-term relationship with this customer and the enhancements in messaging performance expected over the next two years. The contract is part of Comtech's Trusted Location group, which specializes in precise location and messaging solutions for public safety and mobile networks.

Positive

• Awarded a contract valued at up to $4.7 million, enhancing revenue potential.
• Continues long-term partnership with a tier-one mobile operator, indicating reliability of services.
• Software updates expected to improve messaging performance for the next two years.

Negative

• None.

August 18, 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 fourth quarter of fiscal 2021, it was awarded a contract valued at up to $4.7 million with a channel partner to supply new releases to messaging application software for a U.S. tier-one mobile network operator.

“This long-time customer has depended on Comtech for reliable messaging services for decades,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “These software release updates will ensure their end users are provided with exceptional performance and consistent world class messaging services for the next two years.”

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 to 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/20210818005135/en/

FAQ

What is the contract value announced by Comtech Telecommunications Corp.?

Comtech announced a contract valued at up to $4.7 million.

Who is the contract with and what is its purpose?

The contract is with a channel partner to supply messaging application software updates for a U.S. tier-one mobile network operator.

What is Comtech's role in this contract?

Comtech will provide new releases to messaging application software for enhanced service performance.

What is the expected impact of the software updates?

The updates will ensure exceptional performance and consistent messaging services for the next two years.

Which group within Comtech is responsible for this contract?

The contract was awarded to Comtech's Trusted Location group.