Press release
Comtech Secures Multi-Million Dollar Contracts for its ELEVATE Platform to Deliver Enhanced Connectivity in Global Markets
MELVILLE, N.Y.--(BUSINESS WIRE)-- March 13, 2023--Comtech (NASDAQ: CMTL) recently secured multiple multi-million-dollar contracts for its ELEVATE platform to
About this update from Comtech Telecommunications Corp.
[{"type":"text","content":" MELVILLE, N.Y.--(BUSINESS WIRE)--\nMarch 13, 2023--Comtech (NASDAQ: CMTL) recently secured multiple multi-million-dollar contracts for its ELEVATE platform to provide commercial and government customers with satellite cellular backhaul as well as telemetry data and video services over Low Earth Orbit and Geostationary Orbit constellations.\n\nUnder the contracts, Comtech will deliver up to 1,000 ELEVATE terminals this year to customers in six countries. Comtech ELEVATE is a platform designed to support multi-orbit constellations as well as the convergence of communications infrastructures.\n\n“Comtech ELEVATE is one of the unique end-to-end technologies and services we are delivering to customers that will usher in a new era of democratized access to global connectivity,” said Ken Peterman, President and CEO, Comtech. “These contracts demonstrate the strong and growing demand for secure, adaptable, and scalable solutions that will be needed to close the digital divide and empower people across the globe with access to new technologies.”\n\nComtech ELEVATE provides connectivity over satellite as well as access over high capacity wireless networks. ELEVATE’s versatility can support emerging use cases that will enable the convergence of space-based applications in the United States as well as international markets.\n\nAbout Comtech\n\nComtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions. For more information, please visit www.comtech.com.\n\nForward-Looking Statements\n\nCertain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance could differ materially from such forward-looking information. The Com...