In its last fiscal year, which ended on June 30, Globecomm posted new orders valued at over $215 million for products and services used by governments, telecommunication carriers, business, oil and gas and the media. Globecomm’s new projects for the U.S. government include fixed and transportable satellite communication (SATCOM) terminals as well as VSAT broadcast and wireless services for disaster recovery, military and civilian operation.
As the industry prepares for the rollout of 5G, Globecomm has experienced an increased demand for its cellular backhaul services. The company’s award-winning Internet of Things (“IoT”) Platform for asset tracking solutions has also gained traction within the maritime and oil and gas markets. The company recently sold 10,000 tracking devices in the energy market and expects large multiples in the future where opportunities exist for hundreds of thousands of assets that need tracking.