Comtech Awarded Multi-Million Dollar Contracts to Enhance the Connected Car and E-Commerce Customer Experiences
March 30, 2016 at 10:00 AM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
March 30, 2016--Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that it has signed multi-million dollar contracts to
provide location, navigation and messaging capability to enhance the
connected car experience for two Fortune 100 customers.
In commenting on the deployments, Dr. Stanton Sloane, President and
Chief Executive Officer of Comtech Telecommunications Corp., said, "We
are pleased that these Fortune 100 companies selected our Look4TM
and Cloud Messaging Center platforms to manage their logistics and
transportation requirements and direct communication experience. These
contract awards demonstrate demand for our location and messaging
platforms that provide for advanced capabilities and ease of
For one of the Fortune 100 customers, Comtech is providing navigation
point-to-point routing and geocoding. The location-centric platform
works with or without an Internet connection and integrates real-time
traffic to ensure the most efficient routing. For the other Fortune 100
customer, Comtech's Family Locator will allow their consumers to keep
connected with family members. Consumers can locate family members'
devices and receive location alerts about the devices. Consumers can
view location in bird's eye, satellite or standard map views.
Comtech's Look 4TM platform allows end customers to create a
highly scalable, global system that can be used for precise and trusted
location across a variety of industries, such as hospitality, medical,
logistics, transportation, asset management and more.
Comtech's Cloud Messaging platform, which handles more than 700 billion
messages per year, is able to provide enterprise customers a reliable
and cost-effective system to deliver critical messages to their end
customers. By using this advanced messaging platform, notification and
messaging group size can be virtually limitless and the platform's
message throttling function protects networks from overload and lost
In addition to these multi-million dollar contracts with these two
Fortune 100 companies, Comtech's location-based services, navigation and
mapping platforms have been deployed by a number of large companies in
the telecommunications, automotive, and consumer electronics industries.
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company sells products to a diverse customer base in the
global commercial and government communications markets. The Company
believes it is a leader in most of the market segments that it serves.
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.