Comtech Telecommunications Corp. Awarded Orders Totaling $3.8 Million with Tier-One Mobile Network Operator

Rhea-AI Summary

On April 14, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) announced over $3.8 million in orders from a tier-one mobile network operator for its Location Technologies group. These orders enhance Comtech’s Virtual Mobility Location Center platform with additional capabilities, including Kubernetes for automated application management.

These developments strengthen Comtech's long-standing partnership with the carrier, emphasizing the company's role as a key provider of location-based solutions for public safety and mobile networks.

Positive

• Secured over $3.8 million in orders from a tier-one mobile network operator.
• Strengthened existing partnership with a major U.S.-based carrier.
• Enhanced product offerings with advanced capabilities like Kubernetes.

Negative

• None.

April 14, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communication technologies, announced today, that during its third quarter of fiscal 2021, its Location Technologies group, a division of Comtech’s Commercial Solutions segment, has finalized orders aggregating over $3.8 million with a tier-one mobile network operator. These orders are for additional capabilities on Comtech’s Virtual Mobility Location Center platform including Kubernetes, which provides a system for automating deployment, scaling, and operations of application containers across clusters of hosts.

“This key tier-one mobile network operator has been a Comtech customer for many years, using a variety of location-based platforms, producing valuable results for their end customers,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “These orders reinforce our partnership with this major U.S.-based carrier, deepening our lengthy existing relationship.”

The Location Technologies group of Comtech Telecommunications Corp. is 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 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/20210414005168/en/

FAQ

What recent orders did Comtech Telecommunications announce on April 14, 2021?

Comtech announced over $3.8 million in orders with a tier-one mobile network operator for capabilities on its Virtual Mobility Location Center platform.

How does the new technology benefit Comtech Telecommunications?

The new technology, including Kubernetes, automates deployment and improves operational efficiency for Comtech’s location-based solutions.

What is the significance of the partnership with the tier-one mobile operator?

This partnership reinforces Comtech's long-standing relationship with the carrier, securing their role as a key provider in location technologies.

What is the stock symbol for Comtech Telecommunications Corporation?

The stock symbol for Comtech Telecommunications Corporation is CMTL.