GCOM - - Globecomm Systems Receives Contract From Lucent Technologies for System Upgrades in Saudi Arabia
February 23, 1999 08:32
HAUPPAUGE, N.Y., Feb. 23 /PRNewswire/ -- Globecomm Systems Inc. (Nasdaq: GCOM), a leading global supplier of satellite earth stations and networks, has been awarded a contract by Lucent Technologies, Inc. (NYSE: LU) for participation in the upgrading of television, voice and data networks in Saudi Arabia.
Under the terms of the contract, Globecomm Systems will provide TF High-Power Amplifiers (HPAs), Low Noise Amplifiers (LNAs), and Monitor and Control Interface Cabling, as well as documentation, training, installation and support for Lucent's JED-08 amplifier upgrade. The installation is scheduled to be completed in July 1999. Once operational, the upgrades are expected to make the public telephone network in Saudi Arabia more reliable and easier to maintain, and users should enjoy improved service.
According to David Hershberg, Chairman and CEO of Globecomm Systems, "Being chosen to partner with Lucent Technologies on this project reflects the reputation we have earned for providing quick response with the highest levels of quality and reliability. In addition, our knowledge of local, regional and national requirements and customs in Saudi Arabia enables us to effectively facilitate this project. This represents our first project with Lucent and further demonstrates our ability to successfully partner with some of the world's largest and most well-respected communications companies."
Globecomm Systems designs, assembles and installs ground segment systems and networks which support a wide range of satellite communications applications, including fixed, mobile and direct broadcast services as well as military applications. The Company's customers include prime communications infrastructure contractors, government-owned PTTs, other telecommunications carriers, producers and distributors of news and entertainment content and other corporations.
Through its subsidiary, NetSat Express, Inc., the Company also offers Internet access by satellite for businesses and organizations, corporate Intranets, and data communication services in developing countries. In addition to its 122,000 square-foot headquarters facility in Hauppauge, N.Y., U.S.A., Globecomm Systems also maintains offices in Atlanta, Ga., U.S.A. and in Hong Kong.
For more information, contact Globecomm Systems Inc., 45 Oser Avenue, Hauppauge, NY 11788-3816, USA. Tel: 516-231-9800, Fax: 516-231-1557, EMAIL: info@globecommsystems.com or visit their website at globecommsystems.com
Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters are the risks and other factors detailed, from time to time, in the Company's reports with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.
SOURCE Globecomm Systems Inc.
/CONTACT: David E. Hershberg, Chairman and CEO, Globecomm Systems Inc.,
516-231-9800; Robert Schaefer, Robert Schaefer Inc., 516-643-5466, email,
schaefer@specdata.com; or Analyst Info., Jordan Darrow, General Info., Glenn
Sapadin, or Financial Media, Claudine Cornelis, all of the Financial Relations
Board, 212-661-8030/
(GCOM LU)
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