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Comtech Telecommunications Corp. Receives $1.7 Million in Orders from Government Entity in Asia

October 14, 2020– Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., which is part of Comtech’s Commercial Solutions segment, received an aggregate of $1.7 million in orders for Up and Down Frequency Converters and Low Noise Amplifiers (“LNAs”) from a large government entity in Asia.

After a competitive request for proposal process and vendor evaluation, the government entity selected Comtech EF Data’s Frequency Converters and LNAs to support a significant network upgrade. The Comtech equipment will replace a mix of vendors’ installed equipment. The enhanced network infrastructure will support critical voice, data, and video applications, as well as inter-branch office communications.

Comtech EF Data has developed and manufactured an extensive line-up of Frequency Conversion and Amplifier solutions for over 25 years, with L-, C-, X-, Ku- and Ka-Band offerings. The indoor and outdoor products are field-proven, cost-effective and provide the reliability and performance needed to support fixed and mobile/transportable applications for commercial and government customers. The industry-leading Frequency Converters feature high gain and low phase noise performance along with a patented Daisy Chain Redundancy system that fits within minimum rack space.

“I am pleased that Comtech was selected to supply equipment for this government network,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “This customer’s decision to exclusively utilize Comtech products is a testament to our demonstrated performance and quality.”

Comtech EF Data Corp. is a leading supplier of communications equipment with a focus on satellite bandwidth efficiency and link optimization. The high-performance satellite communications ground equipment is deployed globally to support mission-critical and demanding applications for government, mobile backhaul, premium enterprise and mobility. Service providers, satellite operators, governments and commercial users wanting to optimize communications, increase throughput and delight customers, are leveraging the performance and flexibility of the Comtech brand. The solutions are facilitating fixed and mobile networks in 160+ countries and across every ocean. For more information, visit www.comtechefdata.com.

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20201014005209/en/

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Media Contact:
Michael D. Porcelain, President and Chief Operating Officer
631-962-7000
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Danish government orders death of a million minks due to COVID-19 outbreak

The Danish government has ordered mink farms to cull over 1 million animals due to reported outbreaks of coronavirus among the species, prized for its fur.

The outbreak among the mink population was detected in late June after a COVID-19 patient was linked to a mink farm in North Jutland, the U.S. Department of Agriculture’s Foreign Agricultural Service said in a report.

 

As of this month, mink on around 60 farms in North Jutland have tested positive for coronavirus, and an additional 46 farms are under suspicion, Mogens Jensen, the Danish minister of Food, Agriculture and Fisheries, told CNN.

“We have continuously launched initiatives to manage and contain the spread of infection,” Jensen said in a statement.

“In view of the recent large increase, we must unfortunately state that it has not been sufficient to prevent continued spread of infection among the North Jutland mink herds,” he added.

The order mandates that mink farms within five miles of a farm or herd that is confirmed or suspected to be infected with the coronavirus must be culled.

“It is a difficult decision that the government has made, but we fully support it,” said Tage Pedersen, chairman of the Danish Mink Breeders Association.

In Utah, cases of COVID-19 have also been detected among mink farm populations, with state officials reporting that over 10,000 animals have died from the virus.

While officials in Utah said, “research indicates there hasn’t been a spread from mink to humans,” state veterinarian Dean Taylor noted the mink suffered from respiratory issues, similar to human symptoms.

The Danish Veterinary and Food Administration and the Danish Emergency Management Agency will handle the process of culling mink in Denmark.

Mink breeders will be compensated for the cost of losing their herd and other operating losses.

Denmark is the world’s largest producer of mink skins, the Danish Agriculture and Food Council reported.

The country has nearly 1,500 Danish fur farmers that produce around 19 million mink skins per year.

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Cue Health awarded $481 million to scale up production of COVID-19 test: HHS

(Reuters) – The U.S. government has awarded diagnostic testing company Cue Health Inc $481 million to scale up the production of rapid COVID-19 molecular test, the Department of Health and Human Services said on Tuesday.



Coronavirus disease (COVID-19) outbreak, in New York


© Reuters/Lucas Jackson
Coronavirus disease (COVID-19) outbreak, in New York

The company will raise the domestic production of COVID-19 test kits to 100,000 per day by March 2021 under the deal and deliver 6 million tests and 30,000 instruments to the government to support its response to the pandemic, the health agency said.

The point-of-care test can detect the novel coronavirus in about 20 minutes with nasal swab samples collected using a Sample Wand from the lower part of the nose, the HHS said.

The system also allows results to be sent to a mobile phone via an app.

The company’s test kit was approved by the U.S. Food and Drug Administration (FDA) in June for emergency use in patient care settings under the supervision of qualified medical personnel.

The development of the company’s health platform was supported by funding from the Biomedical Advanced Research and Development Authority (BARDA) for a molecular influenza test, starting in 2018, the department said.

BARDA later expanded the collaboration with the company to include the development of Cue’s COVID-19 test, it added.

(Reporting By Mrinalika Roy and Vishwadha Chander in Bengaluru; Editing by Anil D’Silva)

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A Chinese city is handing out $1.5 million in digital ‘red envelopes’ to lottery winners to trial a cashless society



a view of a city with tall buildings in the background: Futian district in Shenzhen, China. A different district, Luhou, took part in the digital currency pilot. Prisma by Dukas/Universal Images Group via Getty Images


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Futian district in Shenzhen, China. A different district, Luhou, took part in the digital currency pilot. Prisma by Dukas/Universal Images Group via Getty Images

  • Authorities in Shenzhen, southern China, have handed out $1.5 million of a new digital currency as part of a trial of a cashless society.
  • Last Friday authorities gave 50,000 lottery winners the equivalent of $30 each to spend digitally by October 16, the state-run China Daily reported Monday.
  • The digital currency is not like a cryptocurrency, and is issued and controlled by China’s central bank, the People’s Bank of China.
  • The PBoC said it plans to formally launch the digital payment system in late 2020, according to the BBC.
  • Visit Business Insider’s homepage for more stories.

A Chinese city has handed out 10 million yuan, or $1.5 million, in digital currency to trial what citizens would do in a cashless society.

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On Friday, 50,000 people living in the Luhou district of Shenzhen were given digital “red envelopes,” each containing around 200 yuan ($30) worth of the digital currency, the state-run China Daily reported Monday.

The digital currency not a cryptocurrency, like bitcoin or ethereum, but a digitized version of the country’s renminbi currency that is run by China’s central bank, the People’s Bank of China.

The country’s four largest state-owned banks are taking part in the Shenzhen trial, China Daily reported.

The trial requires people to download the government’s digital currency app and spend their money between October 12 and October 16 in 3,000 participating stores in the district, CNBC and China Daily reported. One of those participating stores is Walmart, CNBC reported, citing the Shenzhen government.



a statue in front of a building: A pedestrian walks past the headquarters of the People's Bank of China in Beijing on February 3, 2020. The PBoC is in charge of issuing the digital currency. Reuters


© Reuters
A pedestrian walks past the headquarters of the People’s Bank of China in Beijing on February 3, 2020. The PBoC is in charge of issuing the digital currency. Reuters

So far, around 113,300 such digital currency apps — or “digital currency wallets” — have been set up in various pilot programs across China, with more than 1.1 billion yuan ($163 million) of transactions carried out so far, Fan Yifei, the PBoC’s deputy governor, told China Daily.

The Shenzhen pilot scheme appears to be the country’s largest so far, according to CNBC. Shenzhen is China’s tech hub, and home to companies like Tencent and Huawei.

According to The Guardian, some 2 million people in Luhou had applied to be part of the trial before 50,000 were selected.

The PBoC said it will formally launch the digital currency late this year, the BBC reported, but is yet to confirm a date.

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