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Globecomm Systems Awarded $3.1 Million Contract from a Leading Provider of Telecommunications Services in Asia


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© Business Wire 2008
2008-06-09 23:32:34 -

www.globecommsystems.com - Globecomm Systems Inc. (NASDAQ: GCOM), a leading provider of satellite-based communications infrastructure solutions and services on a global basis, announced today that the Company has been awarded a contract to build and install a new Ku band earth station valued at $3.1 million from an existing telecommunications customer in Asia (the customer).

Globecomm with provide the customer

with a Ku frequency band earth station to be utilized as a diversity site for a network currently being installed by the Company, providing the customer with the ability to improve service availability and overcome outages due to severe rainstorms. The Company's proprietary software will detect severe rain fade conditions and direct the traffic from the main facility to the diversity facility during high rain periods.

On June 8, 2007, the Company announced a $16.1 million contract award from the customer to design and install a next generation media-processing center, which was a follow on from a previously announced $3.5 million contract, bringing the total value of this project to $19.6 million at that time. This contract award now brings the total value of the network build-out for the customer to $22.7 million.

David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: "The Company is proud that this customer continues to rely on Globecomm as they upgrade and expand their network capabilities. Globecomm's extensive experience and our track record in building and supporting network infrastructure position us well to capitalize on future growth in the broadcast marketplace."

About Globecomm Systems

Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. The products and services Globecomm offers include pre-engineered systems, systems design and integration services, managed network services and life cycle support services. Globecomm's customers include communications service providers, commercial enterprises, broadcast and other media and content providers and government and government-related entities.

Based in Hauppauge, New York, Globecomm Systems also maintains offices in Washington, D.C., Maryland, Hong Kong, the United Kingdom, 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.
David Hershberg, Chairman and Chief Executive Officer
631-231-9800
or
Matthew Byron, Investor Relations
631-457-1301
or
Globecomm Systems Inc.
Tel: 631-231-9800
Fax: 631-231-1557
Email: ir@globecommsystems.com
Web: www.globecommsystems.com


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