Comtech Telecommunications Corp. Receives $5.9 Million of Movement Tracking System Orders for Mobile Satellite Equipment and Technical Support Services.MELVILLE, N.Y. -- 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 its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received orders totaling $5.9 million under its Movement Tracking System, or MTS contract, with the U.S. Army. Total orders received to date against the $463.2 million MTS contract increased to $404.7 million. The orders are for the supply of Comtech's MT-2012 mobile satellite transceivers, installation kits, technical support services and satellite network bandwidth to support ongoing MTS Program activities in the United States and abroad. Comtech's Model MT-2012 mobile satellite transceivers feature embedded Radio Frequency Identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) technology, including Savi Technology's ISO-compliant EchoPoint RFID Reader, as well as secure Global Positioning System Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. (GPS) capabilities. Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are proud of our continuing participation in the MTS Program. We look forward to supporting the MTS Program and its ongoing communications requirements." Comtech Mobile Datacom Corporation, a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services through the use of advanced communication and network technology. To learn more about Comtech Mobile Datacom, please visit the company's website at www.comtechmobile.com. Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves. Savi Technology is a leading provider of supply chain management and security solutions leveraging software and Automatic Identification and Data Collection (AIDC) technologies, including Radio Frequency Identification (RFID). Savi Technology is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Lockheed Martin Corporation (NYSE NYSE See: New York Stock Exchange : LMT LMT left mentotransverse (position of fetus). ). 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. PCMTL PCMTL Progressive Cars Montreal (Montreal, Canada) |
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