Systems Inc. (NASDAQ: GCOM), a leading global provider of
communications solutions and services, announced today that the Company
has been awarded two Global Tactical Advanced Communications Systems
(GTACS) contracts from the US Army's Program Executive Office - Command,
Control and Communications - Tactical (PEO-C3T). Globecomm was awarded
contracts for both the Unrestricted Suite of Contracts and for the Small
Business Restricted Suite of Contracts (for requirements of $4.5M and
less). This multiple award, indefinite delivery / indefinite quantity
contract vehicle has a term of five years and a ceiling of $10 billion.
David Hershberg, Chief Executive Officer and Chairman of Globecomm
Systems Inc., said: "We are proud to have been selected and entrusted to
compete for the future provisioning of mission-critical turn-key
communications systems and equipment in support of a host of our
Warfighters needs via this contract vehicle. We take pride in always
providing quality, cost-effective solutions to all of our customers, but
there is no higher honor than to support the men and women out there on
the front lines of our Nation's defense."
Dwight Hunsicker, Globecomm's Vice President of Government Business
Development, added: "This is a great win for us as well as al of our
Teammates who joined Globecomm in the pursuit of this contract. It will
be the primary means of the US Army procuring advanced communications
solutions for its mission needs as well as for those needs of the
National Guard, various Joint Task Forces, and other civilian agencies."
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 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 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.
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