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|Globecomm Awarded Various Contracts from US Government Agencies Valued at $4.0 Million|
HAUPPAUGE, N.Y., Sep 27, 2010 (BUSINESS WIRE) --
Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of satellite-based communications infrastructure solutions and services, today announced that the Company has been awarded various contracts from US Government Agencies valued at $4.0 million.
Under the terms set forth in the contract, Globecomm will supply its Network Management Software (NMS) product, AxxSys(R) Orion, and associated engineering support services. The AxxSys(R) Orion NMS will support the global operations of several large entry earth stations as well as numerous smaller fixed and portable satellite systems.
AxxSys(R) Orion distributed architecture allows government personnel to manage each terminal asset from their desktop, thereby reducing ongoing maintenance and support costs. Several features of the AxxSys(R) Orion product are ideal for global network management. These include the low bandwidth demands of the AxxSys(R) Orion Multiprotocol Processors as well as centralized configuration management, enhanced security, and a powerful aggregation data model.
Scott Herschander, Vice President of Information Technology, said: "Globecomm continues to invest R&D resources into the AxxSys(R) Orion product in order to expand the boundaries of network management with regards to features and performance. These new orders demonstrate our commitment to provide our core customer base with a true global enterprise solution that is easy to use, robust, highly scalable, and extremely reliable."
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, access services, hosted services and lifecycle support services. Globecomm's customers include government, enterprises, media, maritime and wireless service providers.
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 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, 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.
SOURCE: Globecomm Systems Inc.
Globecomm provides specialized communications products to support its global service offerings for media, wireless, government, maritime and enterprise customers.
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