Globecomm Systems Receives $13.1 Million Notice of Award from NATO for Additional Systems Supporting a GPS-Based Force Tracking System.HAUPPAUGE, N.Y. -- Globecomm Systems Inc. (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 : GCOM GCOM General Council on Ministries (United Methodist Church) GCOM Graphic Communications (course) GCOM Global Change Observation Mission ), a global provider of end-to-end value-added satellite-based communications solutions, announced today that the Company has received a $13.1 million notice of award from NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. to provide additional systems in support of a multi-national global positioning satellite-based (GPS) friendly force tracking system (FTS FTS facteur thymique sérique. ). Globecomm previously announced a $7.8 million contract from NATO to design and install a GPS FTS, bringing the combined contract value to $20.9 million. The FTS provides NATO with high levels of tracking data and messaging traffic. It enables NATO to identify where its personnel are located at all times, identify other multi-national forces and have the ability to do so in routine and operational situations. This is critical in assisting with the identification of friendly versus enemy forces and helps prevent fratricide frat·ri·cide n. 1. The killing of one's brother or sister. 2. One who has killed one's brother or sister. [Middle English, from Old French, from Latin or "blue-on-blue" incidents. The system is operational and the Company will now expand the system's reach into hundreds of additional vehicles. David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said, "We are thrilled to have demonstrated the broad range of systems integration capabilities to NATO and very excited about this expansion of the system. NATO is an important customer and this is a very critical project. Globecomm intends to assure that they continue to recognize the high quality of work and professionalism the Company possesses. The Company intends to vigorously pursue additional NATO opportunities we have identified." About Globecomm Systems Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. The products and services Globecomm offers include pre-engineered systems, systems design and integration services, managed network services and life cycle support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Globecomm's customers include communications service providers, commercial enterprises, broadcast and other media and content providers and government and government-related entities. Based in Hauppauge, New York Hauppauge (pronounced /hɔpɔg/) is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. , Globecomm Systems also maintains offices in Washington, DC, Hong Kong, the United Kingdom, the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. and Afghanistan. Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters include risks and other factors detailed, from time to time, in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on 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. , its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which the Company urges investors to consider. These risks and other factors include, but are not limited to general and political and economic instability in the United States and abroad, including the hostilities in Iraq and Afghanistan. |
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