Comtech Telecommunications Corp. Has Posted an Updated Investor Presentation Related to Comtech’s Planned Acquisition of TeleCommunication Systems, Inc.

MELVILLE, N.Y.–(BUSINESS WIRE)–January 29, 2016 Comtech Telecommunications
Corp. (Nasdaq:CMTL) announced today that an updated investor
presentation has been posted to Comtech’s website at www.comtechtel.com
and has been filed with the Securities & Exchange Commission.

The investor presentation is intended to be used from time to time in
connection with presentations to various audiences. The presentation
provides information related to Comtech’s planned acquisition of
TeleCommunication Systems, Inc., highlights the strategic benefits of
the acquisition, and illustrates the anticipated combined organizational
structure and future segment reporting. The transaction is expected to
close in mid-to-late February, but no later than March 22, 2016.

About Comtech Telecommunications Corp.

Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. Comtech sells products to a diverse customer base in the
global commercial and government communications markets. Comtech
believes it is a leader in most of the market segments that it serves.

About TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc., headquartered in Annapolis, Maryland,
is a world leader in secure and highly reliable wireless communications.
TCS’ patented solutions, global presence, operational support and
engineering talent enable 911, commercial location-based services and
deployable wireless infrastructure; cybersecurity; defense and aerospace
components; and applications for mobile location-based services and
messaging. TCS’ principal customers are wireless network operators,
defense and public safety government agencies, and Fortune 150
enterprises requiring high reliability and security.

Additional Information

This news release and the description contained herein is for
informational purposes only and is not an offer to buy or the
solicitation of an offer to sell any shares of TCS. Comtech and its
wholly owned subsidiary, Typhoon Acquisition Corp., have filed with the
Securities and Exchange Commission (the “SEC”) a Tender Offer Statement
on Schedule TO containing an offer to purchase, a form of letter of
transmittal and other documents relating to the tender offer, and TCS
has also filed a Solicitation/Recommendation Statement on Schedule 14D-9
with respect to the tender offer. Comtech, Typhoon Acquisition Corp. and
TCS have mailed these documents to the stockholders of TCS. THESE
DOCUMENTS, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME,
CONTAIN IMPORTANT INFORMATION ABOUT THE TENDER OFFER AND TCS
STOCKHOLDERS ARE URGED TO READ THEM CAREFULLY. Stockholders of TCS may
obtain a free copy of these documents and other documents filed by TCS,
Comtech or Typhoon Acquisition Corp. with the SEC at the website
maintained by the SEC at www.sec.gov.
In addition, stockholders may obtain a free copy of these documents by
contacting Innisfree M&A Incorporated, the information agent for the
tender offer, toll-free at (888) 750-5834 or (212) 750-5833 for banks
and brokers.

Cautionary Statement Regarding Forward-Looking
Statements

Certain information in this press release contains forward-looking
statements regarding Comtech, including but not limited to, information
relating to Comtech’s future performance and financial condition, plans
and objectives of Comtech’s management and Comtech’s assumptions
regarding such future performance, financial condition, plans and
objectives that involve certain significant known and unknown risks and
uncertainties and other factors not under Comtech’s control which may
cause actual results, future performance and financial condition, and
achievement of plans and objectives of Comtech’s management to be
materially different from the results, performance or other expectations
implied by these forward-looking statements. These factors include,
among other things: the risk that the acquisition of TCS may not be
consummated for reasons including that the conditions precedent to the
completion of the acquisition may not be satisfied or the occurrence of
any event, change or circumstance that could give rise to the
termination of the merger agreement; the possibility that the expected
synergies from the proposed merger will not be realized, or will not be
realized within the anticipated time period; the risk that Comtech’s and
TCS’ businesses will not be integrated successfully; the risk that
requisite regulatory approvals will not be obtained; the possibility of
disruption from the merger making it more difficult to maintain business
and operational relationships or retain key personnel; any actions taken
by either of the companies, including but not limited to, restructuring
or strategic initiatives (including capital investments or asset
acquisitions or dispositions); the timing of receipt of, and Comtech’s
performance on, new orders that can cause significant fluctuations in
net sales and operating results; the timing and funding of government
contracts; adjustments to gross profits on long-term contracts; risks
associated with international sales, rapid technological change,
evolving industry standards, frequent new product announcements and
enhancements, changing customer demands, and changes in prevailing
economic and political conditions; risks associated with Comtech’s legal
proceedings and other matters; risks associated with Comtech’s
obligations under its revolving credit facility; and other factors
described in Comtech’s and TCS’ filings with the SEC.

PCMTL


Contacts

Media
Comtech
Telecommunications Corp.
:
Michael D. Porcelain,
Senior Vice President and Chief Financial Officer
631-962-7103
[email protected]