Comtech Telecommunications Corp. Awarded 5G Contract with Canadian Wireless Network Operator

Rhea-AI Summary

On August 19, 2021, Comtech Telecommunications Corp. (CMTL) announced a significant contract award from a Canadian tier-one mobile operator to provide 5G location services. This contract enhances Comtech's international expansion and strengthens its 5G offerings, aiding innovation in public safety and other sectors. Comtech’s Trusted Location group, known for precise device location and mapping solutions, will fulfill the contract. The company operates globally, serving over 100 countries with its advanced secure wireless technologies.

Positive

• Awarded a contract for 5G location services from a Canadian tier-one mobile operator, indicating business growth.
• Expansion into international markets supports the enhancement of Comtech's 5G service offerings.
• Reinforcement of Comtech's capabilities in public safety and other business sectors through advanced technology solutions.

Negative

• None.

August 19, 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 with a Canadian tier-one mobile network operator to supply 5G location services.

“Comtech is honored to announce this further international expansion of our 5G service offerings. We continue to expand our 5G footprint globally in support of the larger capacity and faster speeds it provides to end users, supporting innovation in public safety and other businesses,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp.

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/20210819005190/en/

FAQ

What recent contract did Comtech Telecommunications Corp. (CMTL) win?

Comtech Telecommunications Corp. was awarded a contract to supply 5G location services to a Canadian tier-one mobile network operator.

How does Comtech's new contract impact its 5G service offering?

The contract enhances Comtech's international expansion and strengthens its 5G offerings, benefiting public safety and other sectors.

What is the significance of Comtech’s Trusted Location group?

Comtech’s Trusted Location group provides precise device location and mapping solutions, critical for public safety and mobile network operators.

When was the contract awarded to Comtech Telecommunications Corp?

The contract was awarded on August 19, 2021.