Globecomm Systems Inc. (NASDAQ: GCOM), a leading global provider of communications solutions and service, announced today that as a Cisco Service Provider Video Technology Partner, it has been selected to deliver an enhanced communications distribution infrastructure for the Navy’s newest nuclear supercarrier, Gerald R. Ford (CVN78). The contract, valued at $3.5 million, represents a significant technological upgrade to the Navy’s existing analog system for video acquisition and onboard content delivery. As a turnkey solutions provider / systems integration (SI) subcontractor to Huntington Ingalls Industries’ Newport News Shipbuilding operation, the Globecomm/Cisco team has employed best-in-class solutions from Cisco’s digital media suite. The design consists of a multi-functional, satellite-based entertainment system for a ship under construction—the first of the new Ford-class supercarrier. The new enhanced SITE TV—the first IP video system for the U.S. Navy fleet—will provide tremendous cost savings, along with enhanced quality, scalability, and flexibility to add new capabilities and services in the future. Globecomm and Cisco will document the architecture for publication to potential customers illustrating the enticing business case of enhanced services and the potential for OPEX reductions. A 10G Cisco backbone will support the system as well as the ship’s video surveillance capabilities, providing sailors with access to live streaming media options, multimedia programming access while at sea, as well as pier-side cable services. It will also provide an interface to the ship’s onboard video production studio where live or pre-recorded broadcasts can be accessed and viewed. Other capabilities include video on demand (VoD), digital signage and collaborative access via Cisco’s Show and Share webcasting and video sharing application. Keith Hall, President and Chief Operating Officer of Globecomm Systems, said: “Highly individualized system design and a proactive approach to future-proof infrastructures are at the heart of Globecomm’s expertise in the design, implementation and integration of content delivery systems and mobile technologies. Globecomm’s designation as an Authorized Service Provider Video Partner required extensive training and program prerequisites to sell, deploy and support Cisco’s solutions. As a Cisco silver partner, we believe that Cisco’s advanced digital media capabilities provide the highest quality solution for this important installation and we will continue to identify opportunities to implement innovative solutions for projects with similar requirements to SITE TV.”
Bart Spriester, Director of IP Video Systems, Cisco Service Provider Video Technology Group, said: “This SITE TV project represents a first of its kind video entertainment system that can impact tens of thousands of sailors and officers across the Navy fleet. As one of the most complex deployments of the Cisco Digital Media System, it is truly a new application of existing technologies, encompassing Cisco CAST and Show-and-Share applications, along with Cisco encoding technology.”About Globecomm Systems Globecomm Systems Inc., or Globecomm, is a leading global provider of 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. 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 are now taking this value proposition to selective vertical markets, including government, wireless, media, enterprise, and maritime. As a network solution 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 around the world. 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 most recent Quarterly Report of 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.|
|45 Oser Avenue|
|Hauppauge, NY 11788|
|Phone: 631-231-9800; Fax: 631-231-1557|