MELVILLE, N.Y.--(EON: Enhanced Online News)--December 1, 2016-– Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that during its second quarter of fiscal 2017, the Company’s Commercial Solutions segment has received a renewal agreement worth $2.8 million for use of its Xypoint® Location Platform (XLP), providing precise location for a major mobile network operator.
“We are pleased to announce this renewal that will support the continued roll out of services during the remainder of this three year agreement”
“We are pleased to announce this renewal that will support the continued roll out of services during the remainder of this three year agreement,” said Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp.
XLP is a standards-based solution suite that enables wireless carriers to launch a variety of location-based services.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.