Here are the facts: we are at the beginning of a generational tech-renewal cycle in our core satellite communications and next-generation 911 markets. Not only did we achieve $581.7 million of revenue in fiscal 2021 during a challenging COVID business environment, our current bookings and backlog provide clear visibility to $1 billion in revenue and potentially hundreds of millions more from a large new customer for our next-generation satellite technology. And third-party experts recognize our tech solutions as among the very best in the industry.

If you understand Comtech’s business, over the past year, our decisions, actions and achievements provide a meaningful basis for appreciating the Company’s ability to drive long-term value going forward. We have new oversight, new leadership and new capital to deploy in service of our historic opportunity set.

Outerbridge doesn’t understand Comtech’s business. They have uninformed opinions, not solutions. The only real solution they have offered is an opportunistic sale of the Company. They have made clear on multiple occasions that their primary interest is bolstering their reputation as an activist and aid fundraising efforts for an activist-dedicated investment vehicle.

Outerbridge’s interests are not aligned with other shareholders. They hold a substantial portion of their “ownership” position in short-dated options that benefit from near-term spikes regardless of what happens to the stock price over the longer term. Outerbridge has consistently traded in and out of our stock over the past year – trading approximately 1.7 million shares of common stock as well as more than 2 million short-term, high strike price options while regularly rolling forward their option position to the next month as current options approached expiration.

In fairness, Outerbridge made it clear from the beginning that they were interested in their reputation, not what happens to the business. Outerbridge has only criticized the company, while trading in and out of our stock and offering an ever-changing selection of Director candidates, whom they did not permit Comtech to properly meet or vet.

Before we ever heard of Outerbridge, Comtech was acting. Transforming our leadership, Board and balance sheet. The Comtech Board and management know Comtech and they have real, forward-facing plans to unlock long-term capital appreciation, not just uninformed opinions.

We urge you to read our stockholder materials. Vote BLUE for the future Comtech is creating.

Your Vote is Very Important!

To ensure your shares are represented, please follow the easy instructions on the BLUE proxy card to vote by telephone, by internet or by signing, dating and returning the BLUE proxy card in the postage-paid envelope provided  If you received your proxy materials by email, you may also vote by pressing the BLUE “VOTE NOW” button in the email.

Please simply disregard any White proxy card you may receive from Outerbridge.

If you have any questions or require any assistance with voting your shares, please call Comtech’s proxy solicitor, Innisfree M&A Incorporated:

Toll-Free: (877) 750-8198 (from the U.S. and Canada)

Or: (412) 232-3651 (from other locations)

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