Comtech Telecommunications Receives Contract for Satellite Equipment for Latin American Project; Total Value Expected to Exceed $1.2 Million.Business & Technology Editors MELVILLE, N.Y.--(BUSINESS WIRE)--Sept. 11, 2001 Covers Equipment for Country-wide Air Traffic Control System Comtech Telecommunications Corp. (Nasdaq: CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning ) announced today that it has received a contract from a leading European corporation to provide equipment for use in the country-wide satellite air traffic control system of a major Latin American country. The contract has an initial value of $750,000, but additional requirements that have already been identified are expected to increase its eventual total value to more than $1.2 million. It was awarded to the company's Florida-based Comtech Systems subsidiary and involves satellite equipment produced by the Comtech EF Data subsidiary in Arizona. Equipment to be supplied under the contract includes Comtech's field-proven CSAT-5060 satellite transceivers and CSWT 2500 redundancy switches. This equipment integrated into the air traffic control system will enable the user country to greatly improve its aeronautical aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer o·nau control and coverage. Fred Kornberg, chairman and chief executive officer of Comtech Telecommunications, said the company's equipment was chosen for the satellite project because of its worldwide reputation for high performance and reliability. Comtech's ability to meet tight deadlines was another important factor, he said. The equipment covered by the new contract will be delivered within 90 days. "Our success in winning this important contract is fresh evidence of the value of Comtech EF Data's ability to provide customers with a one-stop shopping source of satellite ground station products," Mr. Kornberg said. "It's also gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to win a contract for an application in which reliability and performance are such important requirements. This shows once again that we really have achieved leadership in key markets. This newest win also shows once again the value of the synergistic relationship between our satellite equipment and systems divisions." Comtech Systems Inc., (www.comtechsystems.com) an Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. based company, specializes in system design, integration, and system services; including supply and commissioning of turnkey communication systems including satellite, over-the-horizon microwave troposcatter and line of sight microwave. Comtech Telecommunications Corp.(www.comtechtel.com) is an innovative player in the domestic and global high-technology markets. Through its operating units 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 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 data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. 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 wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. systems. More than 275 distinct Comtech products are in service in more than 100 countries. Certain information contained herein contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including but not limited to, information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future performance and financial condition of the Company, the plans and objectives of the Company's management and the Company's assumptions regarding such performance and plans that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. Included among the factors which might cause such results to differ are: among others, the Company's mobile data communications business being in a developmental stage; our inability to keep pace with rapid technological changes; the highly competitive nature of our markets; our dependence on international sales; and other risk factors detailed in the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other cautionary statements contained in the Company's Securities and Exchange Commission filings. |
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