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 SystemsGlobecomm 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts