Globecomm Receives Contract from NATO Valued at $8.8 Million for GPS-Based
Force Tracking System Upgrade
HAUPPAUGE, N.Y. -- January 28, 2013
Globecomm Systems Inc. (NASDAQ:GCOM), a leading communications solutions
provider, announced today that the Company has received a contract from NATO
Communications and Information Agency (NCI Agency) valued at $8.8 million to
upgrade the Company’s previously deployed GPS-Based Force tracking System
(FTS) to handle additional capacity and add additional features.
Globecomm previously announced approximately $65.8 million in contracts from
NATO for this project to design and install a GPS FTS, bringing the combined
contract value to approximately $74.6 million. The FTS provides NATO with high
levels of tracking data and messaging traffic. It enables NATO to identify
where its personnel are located at all times, identify other multi-national
forces and have the ability to do so in routine and operational situations.
This is critical in assisting with the identification of friendly forces and
helps prevent fratricide or “blue-on-blue” incidents.
Paul Knudsen, Vice President of Globecomm’s Eastern Atlantic Team, said:
“Globecomm is pleased to receive this contract extension. Our system and
people on the ground continue to provide a vital service to NATO. We look
forward to continuing to support NATO to enhance the safety of the troops in
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.
Globecomm Systems Inc.
Matthew Byron, 631-457-1301
Senior Vice President, Corporate Office
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