-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SdvTkhdXBXpmlrEdYA/MLT9N1BcvfeMYh6npWoW363F9y+q0eJvqmo37qNoy5+Xm m8Q6CcH0jKafi4kwvoPW5g== 0000023197-08-000012.txt : 20080721 0000023197-08-000012.hdr.sgml : 20080721 20080721160131 ACCESSION NUMBER: 0000023197-08-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080721 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080721 DATE AS OF CHANGE: 20080721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMTECH TELECOMMUNICATIONS CORP /DE/ CENTRAL INDEX KEY: 0000023197 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 112139466 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07928 FILM NUMBER: 08961371 BUSINESS ADDRESS: STREET 1: 68 SOUTH SERVICE ROAD STREET 2: SUITE 230 CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 6319627000 MAIL ADDRESS: STREET 1: 68 SOUTH SERVICE ROAD STREET 2: SUITE 230 CITY: MELVILLE STATE: NY ZIP: 11747 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH INC DATE OF NAME CHANGE: 19870503 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH TELECOMMUNICATIONS CORP DATE OF NAME CHANGE: 19831215 FORMER COMPANY: FORMER CONFORMED NAME: COMTECH LABORATORIES INC DATE OF NAME CHANGE: 19780425 8-K 1 form8-k.htm FORM 8-K form8-k.htm


United States
Securities and Exchange Commission
Washington, D.C. 20549
 
 
 
FORM 8-K
 

 
Current Report
pursuant to section 13 or 15(d) of the
Securities Exchange Act of 1934

 
July 21, 2008
 
0-7928
Date of Report
(Date of earliest event reported)
 
Commission File Number

 
 
 
(Exact name of registrant as specified in its charter)
 

Delaware
 
11-2139466
(State or other jurisdiction of
incorporation or organization)
 
 
(I.R.S. Employer Identification Number)

 

 
68 South Service Road, Suite 230
Melville, New York  11747
 
 
  (Address of Principal Executive Offices) (Zip Code)
 
     
     
 
(631) 962-7000
 
 
(Registrant’s telephone number, including area code)
 
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 


 
 

 
 
Item 8.01      Other Events.

On July 21, 2008, Comtech Telecommunications Corp. (the “Registrant”) issued a press release announcing that it acquired the network backhaul assets and the NetPerformer and AccessGate product lines of Verso Technologies for approximately $3.9 million.  The acquired assets and product lines cater to enterprises and mobile carriers, and will be merged with Comtech EF Data’s subsidiary, Memotec, Inc.

Attached hereto and incorporated by reference herein as Exhibit 99.1 is a copy of such press release.

Item 9.01      Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed herewith:

 

 
 

 

SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, Comtech Telecommunications Corp. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
                                  COMTECH TELECOMMUNICATIONS CORP.
 
Dated:  July 21, 2008   
   
By:      /s/ Michael D. Porcelain            
   Name:  Michael D. Porcelain
   Title:    Senior Vice President and
                Chief Financial Officer
 
 
 

 



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EXHIBIT 99.1
 
Comtech Telecommunications Corp. Announces the Acquisition
of Verso Technologies’ Network Backhaul Assets and Product Lines

Melville, New York, July 21, 2008 – Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., acquired the network backhaul assets and the NetPerformer and AccessGate product lines of Verso Technologies for approximately $3.9 million.  The acquired assets and product lines cater to enterprises and mobile carriers, and will be merged with Comtech EF Data’s subsidiary, Memotec, Inc.

The NetPerformer products combine the functionality of a voice gateway and data routers, enabling enterprises to create digitally converged networks.  NetPerformer’s voice and data compression over a single wide area network enable users to bypass the PSTN on calls between locations, eliminating toll costs.

AccessGate is a family of radio access network (RAN) optimization systems that reduce operating costs and enable the rapid expansion and migration of mobile wireless networks.  AccessGate employs a unique, patented set of aggregation and bandwidth optimization techniques that enable operators to maximize network utilization, resulting in a significant reduction in recurring leased line, microwave and VSAT satellite backhaul expenses.

The acquisition includes a solid set of intellectual property rights and technology assets that will expand on Memotec’s current CX, CX-U and CX-UA product offerings for enterprise, satellite and terrestrial backhaul markets.

Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., commented, “The acquisition allows us to provide a broader range of solutions that reduce network operating expenses in two areas: voice and data routers serving governments and enterprises, such as ministry of foreign affairs, air traffic control and oil and gas companies, and mobile backhaul focused on terrestrial leased line and microwave-based radio access networks.”

Memotec, Inc., a subsidiary of Comtech EF Data, is an innovative supplier of optimization solutions for cellular backhaul networks. Its flagship product, the CX Series, enables enterprises, GSM, CDMA and 3G operators to dramatically reduce network operating expenses by cutting transmission costs and extending the service capabilities for evolving networks. Memotec’s solutions are proven globally with equipment deployed in over 1,000 operational cellular sites throughout Latin America, the Middle East, Africa and Asia. Please visit www.memotec.com for more information.

Comtech EF Data Corp. manufactures a broad spectrum of satellite communications products, including Satellite Modems, Bandwidth & Capacity Management, TCP/IP Performance Enhancement Proxies, Encapsulators, Receivers, Converters, Amplifiers, Transceivers and Terminals.  All products meet or exceed the standards published by worldwide and regional satellite networks. Please visit www.comtechefdata.com for more information.

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.

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.

Media Contacts:
Michael Porcelain, Senior Vice President and Chief Financial Officer
Jerome Kapelus, Senior Vice President, Strategy and Business Development


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