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Comtech Telecommunications Corp. Receives $26.3 Million
of Movement Tracking System Orders
MELVILLE, N.Y., May 11, 2010 (GlobeNewswire
via COMTEX News Network) -- Comtech Telecommunications
Corp. (Nasdaq:CMTL) announced today that its Maryland-based
subsidiary, Comtech Mobile Datacom Corporation, received
orders totaling $26.3 million under its Movement Tracking
System or MTS contract with the U.S. Army. Total orders
received to date against the $672.4 million MTS contract
increased to $621.3 million. This order follows Comtech's
May 5, 2010 announcement that it received a $67.3 million
ceiling increase to its MTS contract.
The multiple equipment
orders provide for the supply of Comtech's MT-2012
mobile satellite transceivers, as well as V2 and control
station systems, both of which include the MT-2012.
Comtech's MT-2012 transceiver features the Savi Technology's
ISO-compliant EchoPoint RFID Reader integrated with
an encrypted GPS module. Other orders included in this
announcement provide for miscellaneous equipment items,
engineering support and software upgrades to support
the Army's move towards full adoption of the RFID ISO
18000-7 standard.
Fred Kornberg, President and Chief
Executive Officer of Comtech Telecommunications Corp.,
said, "We
are pleased to receive these latest MTS orders which
demonstrate the continued demand by the Army to field
MTS units for its soldiers. This equipment provides
U.S. Army logisticians with the latest RFID capabilities
required by today's military and we look forward to
supporting the future communication requirements of
the MTS Program and other critical Department of Defense
programs."
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,
inefficient or too expensive. 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 of Lockheed
Martin Corporation (NYSE:LMT).
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
This news release was distributed by GlobeNewswire,
www.globenewswire.com
SOURCE: Comtech Telecommunications Corp.
CONTACT: Comtech Telecommunications Corp.
MEDIA CONTACTS:
Michael D. Porcelain, Senior Vice President
and Chief Financial Officer
Jerome Kapelus, Senior Vice President,
Strategy and Business Development
(631) 962-7000
Info@comtechtel.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights
reserved.
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