Comtech Telecommunications Corp. Receives $3.6 Million Renewal from Fortune 500 Company for Advanced Location Platform
MELVILLE, N.Y.--(BUSINESS WIRE)--December 17, 2018-- Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today, that during its second quarter of fiscal 2019, its Enterprise Technologies group, which is part of Comtech’s Commercial Solutions segment, has received a two-year renewal agreement worth $3.6 million for use of its Location-Based Services (LBS) platform for a Fortune 500 company doing business in the telecom industry.
Comtech's location technology allows authorized users to locate and track mobile devices and monitor specific areas of interest. The LBS platform can be used to support a wide variety of use cases including location accuracy testing, public safety, network optimization and big data analytics.
“We are happy to extend this contract for another two years, providing continued access to accurate and secure location-based services for a number of mobile applications,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “This customer is a highly valued industry partner and we look forward to continuing our long and fruitful collaboration.”
The Enterprise Technologies group of Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging 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.comtechenterprise.com.
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.