NEW YORK--(BUSINESS WIRE)--Outerbridge Capital Management, LLC (“Outerbridge”), a beneficial owner of approximately 4.9% of Comtech Telecommunications Corp.’s (NASDAQ: CMTL) (“Comtech” or the “Company”) outstanding shares of common stock, today issued an investor presentation refuting the false and misleading claims contained in Comtech’s recent public materials. Outerbridge has nominated two highly qualified director candidates – Wendi Carpenter and Sidney “Sid” Fuchs – for election to the Comtech Board of Directors (the “Board”) at the upcoming 2021 Annual Meeting of Stockholders (the “Annual Meeting”) scheduled for December 17, 2021.

The presentation is available here and additional materials are available at: https://www.restorecomtech.com/stockholder-materials.

The presentation highlights the following:

• Change is urgently needed to bring critical relevant experience to the boardroom. Despite Comtech’s misleading and false claims of business momentum, the Board has in fact overseen significant shareholder value destruction, is cherry-picking data in its characterization of total shareholder return (“TSR”), and has made disastrous capital allocation decisions.

• Comtech’s Board is riddled with conflicts and focused on entrenchment. The Company’s sham CEO succession process appears to be focused on keeping Chairman and CEO Fred Kornberg and incoming CEO Michael Porcelain, a long-time underperforming Comtech executive, in control. This speaks to the Board’s lack of...

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