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Globecomm Systems Awarded Multiple Contracts From a U.S. Government Agency Valued At $16.9 Million

Posted on: Monday, 31 March 2008, 15:00 CDT

Globecomm Systems Inc. (NASDAQ:GCOM), a leading provider of satellite-based communications infrastructure solutions and services on a global basis, today announced that the Company has been awarded multiple contracts from a U.S. Government agency valued at $16.9 million.

Pursuant to the first contract, valued at $13.7 million, Globecomm will provide the customer with several tactical portable satellite terminals (C and Ku band) and AxxSys Orion monitor and control software for network monitoring of several facilities. The second contract, valued at $3.2 million, is for Ku and X-band Auto Explorer terminals.

Mike Plourde, Vice President Government Programs, said, "Demand for the Company's portable satellite communications line of terminals remains strong. Globecomm's R&D investment in X-band products is starting to generate new business, providing another variant to the Auto-Explorer product line. We intend to continue this investment in research and development as the Government begins to move towards the growing use X and Ka band frequencies."

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. 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, Globecomm Systems also maintains offices in Washington, DC, Maryland, Hong Kong, the United Kingdom, the United Arab Emirates and Afghanistan.

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are based on management's current expectations and observations. You should not place undue reliance on our forward-looking statements because the matters they describe are subject to certain risks, uncertainties and assumptions that are difficult to predict. Our forward-looking statements are based on the information currently available to us and speak only as of the date of this press release. Over time, our actual results, performance or achievements may differ from those expressed or implied by our forward-looking statements, and such difference might be significant and materially adverse to our security holders.

We have identified some of the important factors that could cause future events to differ from our current expectations and they are described in our most recent Annual Report on Form 10-K, including without limitation under the captions ''Risk Factors'' and ''Management's Discussion and Analysis of Financial Condition and Results of Operations,'' and in other documents that we may file with the SEC, all of which you should review carefully. Please consider our forward-looking statements in light of those risks as you read this press release.

Source: Business Wire

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