Press release
Comtech Files New Investor Presentation
Highlights transformative actions Comtech’s Board and management team have taken to create leader in wireless technology sector Enumerates reasons
About this update from Comtech Telecommunications Corp.
[{"type":"text","content":"\nHighlights transformative actions Comtech’s Board and management team have taken to create leader in wireless technology sector\n\n Enumerates reasons Outerbridge’s nominees are unqualified to serve as directors at Comtech\n\n Strongly recommends stockholders vote “FOR” all of Comtech’s highly qualified and experienced director nominees on the BLUE proxy card\n\n MELVILLE, N.Y.--(BUSINESS WIRE)--\nNovember 24, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it has filed an investor presentation with the Securities and Exchange Commission (“SEC”) in connection with its upcoming Fiscal 2021 Annual Meeting of Stockholders. The presentation is available under the stockholder materials section of https://comtechcreates.com.\n\nThe investor presentation highlights the transformative actions that Comtech’s Board of Directors and management team have taken over the past five years to enhance the Company’s leadership position in attractive growth markets and accelerate growth and profitability. The presentation also outlines the actions the Board has taken to add new directors who bring a strong mix of skills, experience, diversity and fresh viewpoints for the benefit of Comtech shareholders.\n\nAdditionally, the presentation illustrates in greater depth why Comtech’s Board opposes Outerbridge Capital Management’s efforts to replace two highly experienced directors with its own nominees, who lack the relevant skills and experience necessary to create shareholder value.\n\nHighlights of the presentation include:\n\nComtech’s Strategic Transformation and Growth Trajectory\n\nWith the addition of new Board members starting in 2015, Comtech has spent the past five years repositioning its portfolio for sustained growth and profitability:\n\n\nExecuted a thoughtful M&A strategy to reorient Comtech’s portfolio around two high-growth end markets – satellite communications and 911 public safety – that are at the beginning of a sustained investment and renewal cycle expected to persist for years;\n\n\nSecured significant cross-segment business wins under the leadership of incoming CEO Michael Porcelain, including $200 million in multi-year next-generation 911 contracts and a new, large multi-year satell...