US: Comtech Telecommunications Corp. (CMTL) announced that during the second quarter of fiscal 2017, its Commercial Solutions segment has received a contractual agreement from a global mobile network operator worth $3.3 million for maintenance and support services that will address a range of location-based services (LBS) platforms.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, “As we continue into the new year, Comtech continues to move projects forward and engage in new business opportunities. We are pleased to announce this agreement, and anticipate rising demand for advanced and reliable end-to-end LBS applications as the proliferation of mobile and the IoT increases.”
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.