Comtech Telecommunications Corp. Receives $4.3 Million of Movement Tracking System Orders for Mobile Satellite Terminal Equipment and Support Services
Posted on: Tuesday, 29 August 2006, 09:00 CDT
Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received orders totaling $4.3 million in support of ongoing Movement Tracking System Program activities. The orders were received on the Company's Movement Tracking System, or MTS, contract with the U.S. Army. Total orders received to date against the $418.2 million MTS contract increased to $324.2 million.
The orders are for the supply of Comtech's next generation Model MT-2012 mobile satellite transceivers, which feature embedded Radio Frequency Identification (RFID) and secure Global Positioning System (GPS) capabilities, along with both ruggedized and control station computers, installation kits and support services. Comtech's Model MT-2012 Transceiver features Savi Technology's ISO-compliant EchoPoint RFID Reader, which Savi also has deployed in the U.S. Department of Defense's In-Transit Visibility (ITV) network.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, "We are pleased to have received the most recent orders for our MTS products and services. The continuing MTS order flow is an indication of the importance of this critical program."
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 conducts its business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company offers niche products, systems and services where it believes it has technological, engineering, systems design or other expertise that differentiate its product offerings.
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).
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
Source: Business Wire
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