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|Globecomm Receives a $2.5 Million Increased Scope Under a Multi-Year Contract with a Major U.S. Government Prime Contractor|
HAUPPAUGE, N.Y., Oct 01, 2010 (BUSINESS WIRE) --
Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of satellite-based communications infrastructure solutions and services, announced today that the Company's wholly-owned subsidiary, Globecomm Services Maryland, has received a $2.5 million increase in the total value of a four-year contract from a major U.S. Government prime contractor. This contract is part of the four-year contract originally signed on January 2, 2008.
Globecomm will provide satellite earth stations and services that leverage the Company's global service network by providing voice, video, and data services in the Company's rapidly growing managed network service businesses.
As a valued added offering, Globecomm will offer the customer life cycle services supported by a global network of qualified technicians enabling a highly professional, technical and responsive support handling activities such as implementation, preventive, and corrective maintenance, and a full range of 24 x 7 technical support services. These services include engineering support, equipment, complete with installation and maintenance to multiple locations in the Middle East, Africa, Asia, and certain Pacific and Caribbean Islands.
About Globecomm Systems
Globecomm Systems Inc. provides end-to-end value-added 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. The services and products Globecomm offers include access services, hosted services, lifecycle support services, pre-engineered products, systems design and integration products. 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.
For Globecomm Government information:
Globecomm provides specialized communications products to support its global service offerings for media, wireless, government, maritime and enterprise customers.
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