Comtech Telecommunications Corp. Announces Contract Renewal Worth $5.0 Million with Fortune 100 Customer
January 17, 2017 at 10:00 AM EST
MELVILLE, N.Y.--(BUSINESS WIRE)--
January 17, 2017-- Comtech Telecommunications Corp. (Nasdaq: CMTL)
announced today that during its second quarter of fiscal 2017, the
Company's Commercial Solutions segment has received a funded order worth
approximately $5.0 million from a key Fortune 100 customer renewing the
licensing of the Company's next-generation tracking and geo-fencing
solution.
"We are very pleased to extend this contract and collaboration that will
continue to generate new revenue streams for this long-time customer
while creating value-added services for their customer base," said Fred
Kornberg, President and Chief Executive Officer of Comtech
Telecommunications Corp.
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.