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Globecomm Receives a $7.9 Million Increased Scope Under a Multi-Year Contract with a Major U.S. Government Prime Contractor

^{Published on 2010-05-26 06:25:30 - Market Wire}
 

HAUPPAUGE, N.Y.--([ BUSINESS WIRE ])--[ Globecomm Systems Inc. (NASDAQ: GCOM), ] a leading global provider of satellite-based communications infrastructure solutions and services, announced today that the Companya™s wholly-owned subsidiary, Globecomm Services Maryland, has received a $7.9 million increase in the total value of a four-year contract from a major U.S. Government prime contractor. This contract is part of the [ four-year contract ] originally signed on January 2, 2008.

"This demonstrates another opportunity for Globecomm to leverage our global infrastructure and support network to serve our government customers."

Globecomm will provide satellite earth stations and services that leverage the Companya™s global service network by providing voice, video, and data services in the Companya™s rapidly growing [ managed network service businesses ].

As a valued added offering, Globecomm will offer the customer life cycle services supported by a global network of qualified technicians enabling a highly professional, technical and responsive support handling activities such as implementation, preventive, and corrective maintenance, and a full range of 24 x 7 technical support services. These services include engineering support, equipment, complete with installation and maintenance to multiple locations in the Middle East, Africa, Asia, and certain Pacific and Caribbean Islands.

Bill Raney, Senior Vice President of Globecomm Systems Inc., said: aThis demonstrates another opportunity for Globecomm to leverage our global infrastructure and support network to serve our government customers.a

Keith Hall, President and Chief Operating Officer of Globecomm Systems Inc., said: aWe remained focused on providing our customers a high level of customer care through reliable and secure communication services. The increased scope on this contract represents another example of our recent success not only renewing contracts but driving expansion through them. Customer expansion continues to fuel of recurring services growth. We very much appreciate the opportunity to grow with our customers providing our full suite of end to end managed service capabilities.a

About Globecomm Systems

Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. The products and services Globecomm offers include pre-engineered systems, systems design and integration services, managed network services and life cycle support services. Globecomm's customers include communications service providers, commercial enterprises, broadcast and other media and content providers and government and government-related entities.

Based in Hauppauge, New York, Globecomm Systems also maintains offices in Washington, DC, Maryland, New Jersey, the Netherlands, South Africa, Hong Kong, Germany, Singapore, the United Arab Emirates and Afghanistan.

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are based on management's current expectations and observations. You should not place undue reliance on our forward-looking statements because the matters they describe are subject to certain risks, uncertainties and assumptions that are difficult to predict. Our forward-looking statements are based on the information currently available to us and speak only as of the date of this press release. Over time, our actual results, performance or achievements may differ from those expressed or implied by our forward-looking statements, and such differences might be significant and materially adverse to our security holders.

We have identified some of the important factors that could cause future events to differ from our current expectations and they are described in our most recent Annual Report on Form 10-K and most recent Quarterly Report of Form 10-Q, including without limitation under the captions ''Risk Factors'' and ''Management's Discussion and Analysis of Financial Condition and Results of Operations,'' and in other documents that we may file with the SEC, all of which you should review carefully. Please consider our forward-looking statements in light of those risks as you read this press release.