Science & Technology
Science and Technology
Science and Technology
Fri, July 16, 2010
Thu, July 15, 2010
Globecomm Awarded Ka-Band Infrastructure Contract from a Foreign Government Valued at $8.7 Million
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 Company has been awarded an infrastructure contract from a foreign government valued at $8.7 million.
"We are very proud to be selected by this customer for the expansion of its infrastructure. Globecomma™s experience with developing Ka band systems, coupled with our ability to deliver a high quality product, provides significant value to our government customers."
Under the terms set forth in the contract, Globecomm will design and install multiple Ka band antennas and related subsystems. The contract scope includes a turnkey RF electronics install for fixed and vehicle mounted Ka band terminal systems, monitoring & control software which will control all subsystems and allow remote monitoring and control from distant operational centers and life cycle support. Globecomm anticipates the completion of this contract in the Companya™s fiscal year 2012 second quarter ending December 31, 2011.
Dov Cydulkin, Vice President of Asia Pacific, said: "We are very proud to be selected by this customer for the expansion of its infrastructure. Globecomma™s experience with developing Ka band systems, coupled with our ability to deliver a high quality product, provides significant value to our government customers.a
Thomas Coyle, Senior Vice President of Infrastructure, said: aThis is an important win for Globecomm based on our Summit Earth Station and Explorer Transportable Terminals product lines. This supports our strategy of expanding our Ka Band system products and solution offerings for the government and commercial markets.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.
