Globecomm Awarded Various Infrastructure Contracts Valued at $5.3 Million
June 19 2013 - 10:15AM
Business Wire
Globecomm Systems Inc. (NASDAQ: GCOM), a leading communications
solutions provider, today announced that the Company has been
awarded various infrastructure contracts valued at $5.3
million.
Under the terms set forth in the contracts, Globecomm will
provide a Direct-To-Home (DTH) uplink system for a major Asian DTH
operator and a disaster recovery system for a foreign government
customer. Globecomm anticipates the completion of these contracts
by the Company's fiscal year 2014 second quarter ending December
31, 2013.
Dov Cydulkin, Globecomm Vice President of Asia Pacific, said:
“We are pleased and honored to be part of these important
expansions. In addition, these repeat customers continue to put
trust in Globecomm’s high quality engineering, excellent support
and on time delivery.”
About Globecomm Systems
Globecomm Systems Inc., (“we”, “our”, “us” or “Globecomm”), is a
leading global communications solutions provider. Employing our
expertise in emerging communication technologies, including
satellite and other transport mediums, 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 focus this value proposition to
selective vertical markets, including government, wireless, media,
enterprise, and maritime. As a communications solutions 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,
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.
For Globecomm Investor Relations information:Matthew
Byron631-457-1301Senior Vice President, Corporate
Officeir@globecommsystems.comorFor Globecomm Public Relations
information:pr@globecommsystems.comorCompany
Information:Globecomm Systems Inc.45 Oser AvenueHauppauge, NY
11788Phone: 631-231-9800; Fax: 631-231-1557Web:
http://www.globecommsystems.com
Globecomm Systems (NASDAQ:GCOM)
Historical Stock Chart
From Oct 2024 to Nov 2024
Globecomm Systems (NASDAQ:GCOM)
Historical Stock Chart
From Nov 2023 to Nov 2024