Comtech Welcomes Sirqul as New EVOKE Technology Partner

Rhea-AI Summary

Comtech (NASDAQ: CMTL) announced its first EVOKE technology partner, Sirqul, on Feb. 1, 2023. This partnership aims to leverage Sirqul's IoT platform and modular services to facilitate 'Smart Operations' through real-time data analytics. Comtech's Chief Growth Officer emphasized the collaboration's potential to enhance communications solutions, integrating satellite and terrestrial infrastructures. Sirqul’s notable features like 605 APIs and 93 microservices will further empower businesses to deploy innovative IoT solutions. This partnership aligns with Comtech's strategic goals for expanding capabilities in the rapidly evolving technology landscape.

Positive

• Partnership with Sirqul enhances Comtech's IoT capabilities, potentially increasing market reach.
• Sirqul's platform includes 605 APIs and 93 microservices, allowing for innovative IoT applications.
• Collaboration focuses on 'Smart Operations' to optimize business decisions through real-time data.

Negative

• None.

EVOKE is Comtech’s Innovation Foundry Dedicated to Pushing the Boundaries of Innovation to Create and Accelerate Change Across the Global Technology Landscape

MELVILLE, N.Y.--(BUSINESS WIRE)-- Feb. 1, 2023-- Comtech (NASDAQ: CMTL) announced today that Sirqul will become the Company’s first publicly announced EVOKE technology partner.

EVOKE is Comtech’s Innovation Foundry, which is led by the company’s Chief Growth Officer and is dedicated to creating and accelerating transformational changes across the global technology landscape. EVOKE engages with customers, partners, and suppliers to push the boundaries of technologies that will lay the foundation of connectivity and shape future societies and ecosystems. As the first publicly announced EVOKE technology partner, Sirqul will work jointly with Comtech on a unified focus of achieving “Smart Operations,” where enterprises will be able to make business decisions with real time Internet of Things (IoT) data to develop actionable business insights and improve operations, creating unprecedented customer value in uniquely innovative ways.

“As one of our EVOKE partners, Sirqul brings industry leading expertise and differentiated technologies that will enable us to collaborate to address our customers most difficult challenges and bring forward solutions that democratize communications access for all,” said Ken Peterman, president and CEO, Comtech. “Together, we will build interoperable, game-changing capabilities that support the convergence of satellite and terrestrial communications infrastructures, next generation location-based services, and cloud native IoT applications powering the Fourth Industrial Revolution.”

Sirqul is an IoT platform with over 80 modular services and over 400 application programming interfaces (APIs), it calls ingredients, empowering companies and organizations of all sizes to deploy IoT solutions in the cloud, on-premise, hybrid, and at the edge. By working together, Comtech and Sirqul will bring robust mobile, web, social, voice, IoT, and digital-twin offerings, and other technologies to a variety of global markets.

“We are very honored to be chosen as the first publicly announced EVOKE technology partner and have already started the ideation process for this amazing opportunity with the global leader in this space,” said Robert Frederick, founder and CEO, Sirqul. “By working with the Comtech team, we believe that we will be able to enhance each company’s capabilities and provide our worldwide customers with a combination of features, services, and solutions that we could not do on our own, while expanding partnership and business development opportunities for 2023 and beyond.”

Yesterday, Sirqul announced Comtech will also join its Strategic Alliance Program to integrate its best-in-class communications solutions, precision location-based services, and cloud native technologies with Sirqul’s Engagement-as-a-Service (Eaas) IoT Platform. Sirqul has been building its unique capabilities with its Strategic Alliance Partners since 2012 and chooses only a few companies to add to the Alliance each year based on in-depth assessments of technologies that will significantly enhance consumer and business experiences across global markets.

About Comtech

Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions. For more information, please visit www.comtech.com.

About Sirqul, Inc

Sirqul (http://sirqul.com) provides an Engagement-as-a-Service Augmented Intelligence of Things Platform that drives engagement, operational efficiency, predictive visualizations, rapid innovation, and new revenue streams for businesses of any size. At the foundation of Sirqul’s platform are 605 APIs, 93 microservices, 3 distinct IoT hardware product offerings, and 30+ customizable native application templates that companies can use to get started on the platform. Sirqul is device, protocol, and cloud-agnostic – fostering an interoperable system for building future-proof API-powered solutions for retail, smart cities, new construction, mobility, logistics, campuses, buildings, entertainment, sports, and more. Books have been written about Sirqul’s mission to make it possible for anyone to quickly build web, mobile, and IoT Applications using their platform and are available upon request.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance 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/20230131006157/en/

Investor Relations

Robert Samuels

631-962-7102

robert.samuels@comtech.com

Media Contact

Jamie Clegg

480-532-2523

jamie.clegg@comtech.com

Source: Comtech Telecommunications Corp.

FAQ

What is the significance of Comtech's partnership with Sirqul?

The partnership is significant as it enhances Comtech's IoT capabilities and aims to drive 'Smart Operations' in various sectors.

When was the partnership between Comtech and Sirqul announced?

The partnership was announced on February 1, 2023.

What technologies will Comtech and Sirqul develop together?

They will develop IoT solutions focusing on real-time data analytics to improve business operations and enhance communication services.

What does Sirqul bring to the partnership with Comtech?

Sirqul brings an advanced IoT platform featuring over 605 APIs and various modular services to enable innovative solutions.

How does the partnership align with Comtech's strategic goals?

The partnership aligns with Comtech's goals by expanding its technological capabilities and addressing complex challenges in the global market.