Globecomm Systems Awarded $1.0 Million Infrastructure Contract; Gateway to Be Utilized for the Transport of International Telephony, Data Traffic and Digital TV Reception
Posted on: Friday, 7 July 2006, 12:00 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 been awarded a $1.0 million infrastructure contract to be installed in a country in Western Africa.
Pursuant to the contract, Globecomm will design, test and install a 9.3 Meter satellite earth station and all the related subsystems. The customer, an existing PTT in the country, will utilize this new gateway for the delivery of international telephony, IP-based data traffic and digital television reception.
David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said, "PTTs in emerging growth nations are key customers to the continued growth of Globecomm. Many of these customers are in the early adoption phases of next generation technologies. This gives Globecomm the opportunity to be a key supplier as they expand their networks."
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 Report for the year ended June 30, 2005 on Form 10-K and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2006, 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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