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Globecomm Systems Awarded Multiple Contracts From Two United States Government Prime Contractors Valued at Approximately $4.2 Million

Posted on: Tuesday, 4 January 2005, 09:00 CST

Globecomm Systems Inc. (NASDAQ: GCOM-News), a global provider of end-to-end satellite-based communications solutions, today announced that it has been awarded multiple contracts from two United States Government prime contractors ("the two contractors") valued at approximately $4.2 million.

Pursuant to the contracts with the two contractors, Globecomm will provide a turnkey network solution for a United States Government agency, which includes $1.6 million in satellite hardware infrastructure and a related thirteen-month $2.6 million satellite services contract. Globecomm will design, install and maintain the satellite infrastructure requirements. Once the network is complete, the Company's wholly-owned subsidiary Globecomm Network Services Corporation, will provide network and bandwidth management services.

David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said, "Globecomm is emerging as the integrator of choice for an array of network requirements. Customers find compelling value in outsourcing their network to a single company who is able to take total end-to-end ownership of the communication solution. We continue to gain traction in the Government market as both a subcontractor to the major U.S. Government prime contractors and as a direct prime. We continue to invest in multiple emerging technologies that are the network components of choice for certain government agencies. Our approach to open standard network architecture allows the Company to stay on the cutting edge, while providing Globecomm's customers with customized solutions satisfying their network requirements."

About Globecomm Systems

Globecomm Systems Inc. provides end-to-end value-added satellite-based communication solutions by leveraging its core satellite ground segment systems and network capabilities, with satellite communication services capabilities. The solutions Globecomm offers include general contracted complex communications networks, militarized commercial off the shelf products and services, voice over Internet Protocol (VOIP), video broadcast, business recovery, satellite-based terrestrial restoral, content delivery and other networks on a global basis. Globecomm's customers include communications service providers, commercial enterprises, Internet Service Providers, content providers and government entities.

Based in Hauppauge, New York, Globecomm Systems also maintains offices in Washington D.C., Hong Kong, the United Kingdom and the United Arab Emirates.

Globecomm Systems Inc., 45 Oser Avenue, Hauppauge, NY 11788-3816, USA. TEL: 631 231-9800, FAX: 631 231-1557; Email: ir@globecommsystems.com; Web: www.globecommsystems.com.

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 for the year ended June 30, 2004 and its Quarterly Reports on Form 10-Q, which the Company urges investors to consider. These risks and other factors include, but are not limited to general political and economic instability in the United States and abroad, including the hostilities in Iraq and Afghanistan, increasing reliance on government contracts and the Company's ability to penetrate emerging markets.

Source: Business Wire

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