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Globecomm Systems Awarded Satellite Terminal Infrastructure Contracts Valued At $7.7 Million

Posted on: Thursday, 5 August 2004, 06:00 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 two satellite infrastructure contracts valued at $7.7 million. Both of the contracts are from repeat customers in the United States.

The first contract is from a U.S. Government customer and the second is from a Direct-To-Home service provider. Under the terms of both contracts, Globecomm will provide satellite up-linking infrastructure supporting the customer's requirements.

David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said, "Globecomm's positioning in the U.S. Government marketplace continues to pay dividends and fuel the Company's turnaround. Furthermore, the Company is also seeing demand for satellite ground segment infrastructure, as evidenced by this contract from a repeat customer in the Direct-to-Home satellite service provider space. Globecomm is well positioned to continue to capitalize on these trends."

About Globecomm Systems

Globecomm Systems Inc. is an end-to-end satellite-based communications solutions provider. The Company's core business provides end-to-end value-added satellite-based communications solutions. This business supplies ground segment systems and networks for satellite-based communications, including hardware and software to support a wide range of satellite systems. Its wholly-owned subsidiary, NetSat Express, Inc., provides end-to-end satellite-based Internet solutions, including network connectivity, broadband connectivity to end users, Internet connectivity, intranet extension, media distribution and other network services on a global basis. Both Globecomm Systems' and NetSat Express' customers include communication service providers, multinational corporations, 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 on Form 10-K and its Quarterly Reports on Form 10-Q, which the Company urges investors to consider.

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