Tier 1 International Communications Operator Expands Multi-Year Contract With Cartesian
(Thomson Reuters ONE) -
Increases Estimated Contract Revenue by 240% to $34 Million
OVERLAND PARK, Kan., May 12, 2015 (GLOBE NEWSWIRE) -- Cartesian(TM)
(Nasdaq:CRTN), a specialist provider of consulting services and managed
solutions to the global communications, technology and digital media industries,
today announced that it has been awarded an expansion of its 2014 three-year
services agreement with an international Tier 1 communications operator,
increasing the potential contract revenue by nearly 2.4 times the original
value.
Cartesian is helping the Tier 1 operator deliver a number of major
transformation programs as the operator expands its investment in the
communications infrastructure of one of its major national markets. Based on
projected program requirements and including the minimum contract commitment,
total contract revenue is forecasted to run up to approximately $34 million,
with approximately $28 million coming in 2015 and 2016.
The operator has a long-standing partnership with Cartesian, built on
collaboration on a number of previous technology-based initiatives aimed at
improving service delivery to the operator's customer base.
Don Klumb, Cartesian's CEO, said, "We are thrilled to grow our role in
delivering exciting technology and transformation programs that advance and
expand services for our client's customers. This contract builds upon a strong
established partnership, and we look forward to continuing to support their key
strategic initiatives."
About Cartesian, Inc.
Cartesian, Inc. (Nasdaq:CRTN) is a specialist provider of consulting services
and managed solutions to leaders in the global communications, technology and
digital media industries. Cartesian provides consulting in strategy, execution
and managed solutions to clients worldwide. The company has offices in Boston,
Kansas City, London, New York and Washington.
The Cartesian logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=23353
Cautionary Statement Regarding Forward Looking Information
This release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. In particular, any statements
that do not relate to historical or current facts constitute forward-looking
statements, including any statements contained herein regarding expectations
with respect to the Company's future business, financial condition and results
of operations. Forward-looking statements are subject to known and unknown
risks, uncertainties, and contingencies, many of which are beyond the Company's
control, which may cause actual results, performance, or achievements to differ
materially from those projected or implied in such forward-looking statements.
Factors that might affect actual results, performance, or achievements include
the risks described in its periodic reports filed with the SEC, including, but
not limited to, "Cautionary Statement Regarding Forward Looking Information"
under Part I of its Annual Report on Form 10-K for the fiscal year ended January
3, 2015 and subsequent periodic reports containing updated disclosures of such
risks. These filings are available at the SEC's web site at www.sec.gov. Any
forward-looking statements made in this release speak only as of the date of
this release. Cartesian does not intend to update these forward-looking
statements and undertakes no duty to any person to provide any such update under
any circumstances.
CONTACT: Brainerd Communicators, Inc.
Ray Yeung (Media)
yeung(at)braincomm.com
Corey Kinger (Investors)
kinger(at)braincomm.com
212.986.6667
--------------------------------------------------------------------------------
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Source: Cartesian, Inc. via GlobeNewswire
[HUG#1921219]
Datum: 12.05.2015 - 20:19 Uhr
Sprache: Deutsch
News-ID 392833
Anzahl Zeichen: 4672
contact information:
Town:
Overland Park
Kategorie:
Business News
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