Comtech Telecommunications Announces $1.0 Million Contract for Shortstop Amplifiers.Business & Telecommunications Editors MELVILLE, N.Y.--(BUSINESS WIRE)--April 23, 2002 Comtech Telecommunications Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning ) announced today that is has received a third follow-on contract valued at approximately $1.0 million for the production of solid state amplifiers used in the Condor Systems, Inc. Shortstop Electronic Protection System (SEPS SEPS Subfascial Endoscopic perforator Surgery SEPS Shortstop Electronic Protection System SEPS Styrene-Ethylene-Propylene-Styrene SEPS Southeastern Pharmacology Society SEPS Standard Electronic Processing System SEPS Sprint Email Protection Services ). Condor awarded the contract to Comtech's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Comtech PST PST Paroxysmal supraventricular tachycardia, see there Corp. It is the fourth award resulting from a 1998 joint development agreement between Condor and Comtech. Awards to date associated with the joint development agreement total approximately $5.1 million and additional awards are anticipated for the next three to five years. Shortstop is a portable and silent system that creates an electronic signal that causes rocket artillery Rocket artillery is a type of artillery equipped with rocket launchers instead of conventional guns or mortars. Types of rocket artillery pieces include multiple rocket launchers and ballistic missiles. shells and mortar fitted with proximity fuses, to explode prematurely by falsely signaling that they have reached their target. The U.S. Army, for urgent field deployments, for the last three years has used the Shortstop System. The Army and other government agencies have requested additional production which, if funded, would continue for three to five years at $5 million per year. Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications, said the follow-on awards demonstrate the synergistic benefits of the 1998 joint venture agreement. "Participation in this program allows Comtech to showcase its technical capabilities," Mr. Kornberg said. Condor Systems, Inc., is a privately held defense electronics firm headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , and is a world leader in intelligence and electronic warfare systems and products. Comtech PST Corp.(www.comtechpst.com) is a leading independent supplier of broadband high power high performance RF microwave amplifiers for use in a broad spectrum of applications including high power instrumentation, defense, medical, and satellite communications systems. Comtech Telecommunications Corp. (www.comtechtel.com) is an innovative player in the domestic and global high-technology markets. Through its operating units, Comtech pursues opportunities in three interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in market segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications services. In each of these segments, growth is driven by increasing demand for telecommunications infrastructure and network and messaging services. The Company's specialties include the design and manufacture of advanced products and networks used for transmission of voice, data and video using satellite, over-the-horizon microwave, terrestrial line of sight and other wireless communications systems. More than 275 distinct Comtech products are in service in more than 100 countries. To learn more about the Company, please visit the Company's website at www.comtechtel.com. 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. |
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