Comtech Releases Inaugural Corporate Social Responsibility Report

Fiscal Year 2024 report shares Company’s progress on environmental impact, workforce development, community investment, and more

November 26, 2024-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global technology leader, today released its Fiscal Year 2024 (“FY24”) Corporate Social Responsibility (“CSR”) Report. The report highlights the Company’s progress in environmental impact, workforce development, community investment, and more.

“With FY24 serving as a transformational year for us, I am pleased to share our FY24 CSR Report as it presents a great opportunity to outline what Comtech stands for, and how our investments in our team and responsible business practices drive momentum,” said John Ratigan, President and CEO of Comtech. “We recognize the value in driving CSR within our organization, throughout our supplier network, and in our communities.”

The report details progress and new initiatives in critical areas for FY24, including:

• Health and Safety: In FY24, Comtech developed a comprehensive Environmental, Health, and Safety Management System to better engage with employees at all levels of the organization to further prevent work-related injuries and illnesses, environmental impacts, and foster a culture of continuous improvement.

• Professional Growth: In FY24, the Company launched Comtech University, to foster the professional development and continuous learning paths for our employees. This system serves two purposes: managers can identify growth opportunities for their talent and employees have the ability to self-select training to promote their own professional learning development.

• Environmental Impact: As part of Comtech’s sustainability strategy, the Company prioritized completing its first company-wide greenhouse gas emissions inventory. In FY24, Comtech partnered with a solutions provider for carbon accounting software and services, allowing the Company to more thoroughly quantify, monitor, and manage its operational carbon footprint.
  
  
  
  Additionally, Comtech completed its first climate change report to CDP, which includes a baseline greenhouse gas inventory for company-wide Scope 1 and 2 emissions. This inventory enables data-based decision-making to develop targeted carbon reduction projects and establish emissions reduction goals.

• Community Investment: With the move of Comtech’s global headquarters to Chandler, Arizona, the Company sponsored and participated in the annual Chandler Innovation Fair, which offers unique opportunities for attendees to explore the discoveries and importance of science by showcasing local engineering projects as well as concepts that are taught in Chandler Unified schools.
  
  
  
  Beyond community initiatives in Arizona, Comtech created new opportunities for employees to support a number of local nonprofits and implement new employee-driven volunteer initiatives.

Click here for the full report and more information on Comtech’s corporate social responsibility progress.

About Comtech

Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions. For more information, please visit www.comtech.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance 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.

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