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Comtech Renews Messaging Service Contracts Worth $19.5 Million for Global Telecom Organization

MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 14, 2018-- August 14, 2018-– Comtech Telecommunications Corp. (Nasdaq: CMTL), announced today that its Enterprise Technologies group, which is part of Comtech’s Commercial Solutions segment, has been awarded multi-year contract renewals worth $19.5 million for various services and applications related to its virtual short messaging service center (vSMSC), of which $14.2 million was received during its fourth quarter of fiscal 2018. The renewals were secured through a global telecom partner.

“We are pleased to continue this longstanding partnership that allows us to provide highly reliable and differentiated messaging services and applications for global mobile operators,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “Mobile messaging continues to be one of the most frequently used features among today’s consumer. It’s therefore important that the vSMSC provide the best possible experience operator messaging can offer, to influence subscriber loyalty and satisfaction.”

Established through our global channel partnership, Comtech’s vSMSC provides a high-capacity, operator-grade, multiprotocol SMS delivery application to support both traditional networks, as well as new IMS/LTE networks. The application is highly interoperable and serves as the inter-carrier messaging foundation for a wide variety of applications and technologies.

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.

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.


Source: Comtech Telecommunications Corp.

Michael D. Porcelain, Senior Vice President and Chief Financial Officer