Comtech Telecommunications Corp. Awarded 5G Contract with Canadian Tier-One Carrier

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a contract award for its Gateway Mobile Location Center and Location Management Function solutions during its first quarter of fiscal 2022. This contract, aimed at enhancing positioning technologies for a Canadian tier-one mobile operator’s 5G network, highlights Comtech’s role in advancing 5G telecom infrastructure. The Trusted Location group will provide solutions for mobile operators and government agencies worldwide, securing Comtech's position as a leader in wireless communications technology.

Positive

• Awarded contract for 5G solutions to a major Canadian mobile operator.
• Strengthens Comtech's position in next-gen telecom infrastructure.
• Innovative offerings from Trusted Location group enhance device location technology.

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• None.

MELVILLE, N.Y.--(BUSINESS WIRE)-- November 30, 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 a contract to provide Gateway Mobile Location Center and Location Management Function solutions which enable new positioning technologies for a Canadian tier-one mobile network operator’s 5G network.

“5G is the next generation of telecom infrastructure,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “Comtech’s 5G innovations will bring more and faster services to this Canadian carrier. We are proud to be at the forefront of this pioneering technology.”

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. 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/20211130005291/en/

Comtech Investor Relations:

631-962-7005

investors@comtech.com

Source: Comtech Telecommunications Corp.

FAQ

What contract was awarded to Comtech Telecommunications Corp. in Q1 2022?

Comtech was awarded a contract for its Gateway Mobile Location Center and Location Management Function solutions for a Canadian tier-one mobile network operator.

How does Comtech's technology impact the 5G network?

Comtech's technology enables new positioning capabilities, enhancing the performance and services of 5G networks.

When was the press release regarding Comtech's contract issued?

The press release was issued on November 30, 2021.

What is the stock symbol for Comtech Telecommunications Corp.?

The stock symbol for Comtech Telecommunications Corp. is CMTL.