Globecomm Systems Awarded Contract Valued at $1.3 Million to Build-Out IPTV Infrastructure Enabling the Delivery of IP Video Services
Posted on: Monday, 15 May 2006, 12:05 CDT
Globecomm Systems Inc. (NASDAQ: GCOM), a global provider of end-to-end value-added satellite-based communications solutions, today announced that the Company has received a $1.3 million contract to build-out IPTV infrastructure enabling the delivery of IP video services.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: "Telecom companies are pushing IP-based video to the top of their next-generation service agendas. IPTV infrastructure build-out is being accelerated by competition from the cable industry, which is successfully eroding the telecom operators voice subscriber base with multi-service offerings of their own. Globecomm has announced multiple contracts awards supporting the build-out of IPTV infrastructure since September 2005. Investing in the personnel, laboratories and marketing efforts supporting IPTV infrastructure build-out is a major priority for the Company at this time."
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 satellite-based "next generation" 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 and government-related entities.
Based in Hauppauge, New York, Globecomm Systems also maintains offices in Washington, DC, 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, 2005 on Form 10-K and its Quarterly Reports on Form 10-Q for the quarter ended December 31, 2005, 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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