Globecomm Awarded Multiple Contracts from a US Government Agency Valued up to $7.8 Million & Receives Third Extension For US ...
August 20 2012 - 10:30AM
Business Wire
Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider
of communications solutions and services, announced today that the
Company has been awarded multiple contracts from a US Government
agency valued at $5.0 million. The contracts include options which
if exercised would bring the combined value of the contracts up to
$7.8 million.
Mike Plourde, Globecomm’s Vice President of System Products,
said: “We are proud to have been selected and entrusted with the
provisioning of mission-critical equipment in support of a host of
Warfighters via these Task Orders. We take pride in always
providing quality, cost-effective solutions to all of our
customers, but there is no higher honor to support the men and
women out there on the front lines.”
In addition, Globecomm has agreed to a third period of
performance completion date extension to its U.S. Army World-Wide
Satellite Systems (WWSS) Indefinite Delivery Indefinite Quantity
(IDIQ) contract. Initially issued as a five-year, $5 billion
multiple awards contract in 2006, the period of performance
completion date was last extended through July 27, 2013 and is now
extended to March 31, 2014.
The WWSS program is managed by the Project Manager Warfighter
Information Network-Tactical (PM WIN-T) Program Management Office.
Globecomm will continue to offer its systems integration and
product development services providing turn-key communications
solutions worldwide in support of a wide variety of US Army
missions.
Dwight Hunsicker, Globecomm’s Vice President of Government
Business, said: “This period of performance completion date
extension provides Globecomm with the ability to continue providing
much-needed equipment to PM WIN-T in support a wide variety of
mission requirements required of their End-Users until other
contract vehicles like Global Tactical Advanced Communications
Systems (GTACS) are awarded.”
About Globecomm Systems
Globecomm Systems Inc., or Globecomm, is a leading global
provider of satellite-based managed network solutions. Employing
our expertise in emerging communication technologies we are able to
offer a comprehensive suite of system integration, system products,
and network services enabling a complete end-to-end solution for
our customers. We believe our integrated approach of in-house
design and engineering expertise combined with a world-class global
network and our 24 by 7 network operating centers provides us a
unique competitive advantage. We are now taking this value
proposition to selective vertical markets, including government,
wireless, media, enterprise, and maritime. As a network solution
provider we leverage our global network to provide customers
managed access services to the United States Internet backbone,
video content, the public switched telephone network or their
corporate headquarters, or government offices. We currently have
customers for which we are providing such services in the United
States, Europe, South America, Africa, the Middle East, and
Asia.
Based in Hauppauge, New York, Globecomm Systems also maintains
offices in Maryland, New Jersey, Virginia, 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 difference 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.
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