MELVILLE, N.Y.–(BUSINESS WIRE)– December 18, 2017–Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that during its second quarter of fiscal 2018, its Enterprise Technologies group, which is part of Comtech’s Commercial Solutions segment, received a professional services renewal agreement worth $1.4 million from a leading automotive market provider for various navigation and telematics services.
“Our connected navigation solutions represent more than 10 years of industry experience delivering superior in-car navigation solutions, supporting embedded navigation applications and providing data analytics services that continue to meet emerging industry expectations for content while addressing consumer safety and security requirements,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp. “We are very pleased to continue this relationship, growing our footprint in the automotive industry while enabling the improvement of the driver experience and development of next-generation vehicles.”
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.
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 Commissionfilings 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.
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
Source: Comtech Telecommunications Corp.