Globecomm Systems Awarded Satellite Infrastructure Contract From a U.S. Government Customer Valued at $6.7 Million
Posted on: Friday, 29 July 2005, 09:00 CDT
Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end satellite-based communications solutions, today announced that the Company has been awarded a satellite infrastructure contract from a U.S. Government customer valued at $6.7 million.
Pursuant to the contract, Globecomm will provide satellite up-linking infrastructure supporting the customer's requirements.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said, "This U.S. Government customer continues to turn to Globecomm for their satellite infrastructure needs. Over the past two years, Globecomm has worked diligently to position us for greater success in the Government marketplace. We believe that our strategy is working and look forward to building on this success."
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 Hong Kong, the United Kingdom and the United Arab Emirates.
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 Reports for the year ended June 30, 2004 on Form 10-K 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 and political and economic instability in the United States and abroad, including the hostilities in Iraq and Afghanistan.
Source: Business Wire
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