Comtech Telecommunications Receives First International Order for Mobile Data Communications System.Business Editors/High-Tech Writers MELVILLE, N.Y.--(BUSINESS WIRE)--May 15, 2001 Comtech Telecommunications (Nasdaq:CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning ): -- Customer Is Value-Added Reseller in Venezuela -- Order Includes 500 Mobile Earth Terminals To Be Used By Truckers Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today it has received a major international order for the 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. system that the company has developed for the U.S. Army and commercial markets. The order was placed with the company's Maryland subsidiary, Mobile Datacom Corp. by a value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. (VAR) based in Venezuela. It includes 500 mobile earth terminals to be mounted on commercial trucks to enable the trucks to be tracked and for the location information to be communicated to the customers' facilities via satellite. Also included in the order is a Comtech Antenna Systems, Inc. antenna-system installed at the VAR's facility in Caracas, satellite access, and a variety of support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . First-year revenues from the sale are expected to exceed $1 million. The mobile data communications system permits operators of trucks, aircraft, ships and other mobile units to monitor the movements of their vehicles and communicate with them on a real-time basis. Deliveries will begin almost immediately and will be completed this summer. Comtech is assisting in the installation of a Venezuelan data center that will backed up by Comtech's gateway facility in Germantown, Maryland. Fred Kornberg, chairman and chief executive officer of Comtech Telecommunications, said the security made possible by the company's mobile data communications system is a major reason why it was selected for use in Venezuela. "The application of our system in Venezuela is quite remarkable," Mr. Kornberg said. "On three occasions, vehicles with our tracking and messaging technology were stolen, and all three were quickly recovered. Our system was used in each instance and on two occasions the thieves that stole the trucks were arrested. It is quite rewarding to see just how much our customers can benefit from our system, and I am pleased by their decision to award us this new contract." Joel Alper, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Comtech Mobile Datacom Corp. unit added "The Venezuelan system uses our standard product in a very unique way. This new contract is a testimonial to how valuable the service is for our customers, and it highlights how our equipment and services can be adapted to meet the requirements of a variety of applications and environments." Comtech Mobile Datacom Corp. (www.comtechmobile.com) (301-428-2100) a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and services for the land transportation, remote sensing Deriving digital models of an area on the earth. Using special cameras from airplanes or satellites, either the sun's reflections or the earth's temperature is turned into digital maps of the area. , utility and aviation markets. 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 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 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion