Globecomm Receives Combined Infrastructure & Services Contract Valued at Approximately $12.4 Million from a Major US Broadcas...
July 15 2013 - 9:54AM
Business Wire
Globecomm Systems Inc. (NASDAQ: GCOM), a leading communications
solutions provider, announced today that the Company has received a
combined infrastructure and services contract from a major US
Broadcaster valued at approximately $12.4 million to design,
implement and provide 3 years of life cycle support services for
their affiliate exchange network.
Pursuant to the terms of the contract, Globecomm will upgrade
the customer’s existing affiliate exchange network in order to
accommodate the future newsgathering needs of their news division
and their news channel affiliated stations.
This state-of-the-art network will utilize hybrid satellite and
terrestrial-based technologies to transport live and stored
(recorded) newsgathering content from affiliate stations and news
bureaus to their news headquarters. There is also a planned future
expansion to include the broadcaster’s fleet of satellite news
gathering vehicles onto this cutting-edge network.
The network will utilize proprietary, custom-designed software
to dynamically manage transport technologies as well as the
broadcaster’s current and newly-provided Globecomm equipment
platforms to achieve cost-saving efficiencies across the
network.
Gerard Johnston, Vice President – Americas, said: “Globecomm’s
compelling ability to blend complex network design with around the
clock operational support and field services brings significant
value to our customers.”
Paul Scardino, Vice President Corporate Sales and Marketing for
Globecomm, said: “We are very excited to be working with a
world-class broadcaster to design, implement and support this state
of the art solution. This network demonstrates Globecomm’s ability
to couple innovation and service to produce positive business
results for our customers and furthers Globecomm’s efforts to
provide the market with Media solutions, global connectivity,
managed services, best of breed design, integration and life cycle
support services.”
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
and Quarterly Report on 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.
For Globecomm Investor Relations:Matthew Byron,
631-457-1301Senior Vice President, Corporate
Officeir@globecommsystems.comorFor Globecomm Public
Relations:pr@globecommsystems.comorGlobecomm Systems Inc.Phone:
631-231-9800Fax: 631-231-1557http://www.globecommsystems.com
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