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Globecomm Systems Awarded Follow-On Contract From a Global Multilateral Organization Valued at Approximately $1.5 Million

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--July 12, 2004--Globecomm Systems Inc. (NASDAQ:GCOM), a global provider of end-to-end satellite-based communications solutions, today announced that it has been awarded a follow-on contract from an existing customer valued at approximately $1.5 million.
On July 1, 2003, Globecomm announced the receipt of an $8.3 million contract from the customer, a global multilateral organization, for fixed and transportable earth station terminals, which included $26.7 million in follow-on options. Under the terms of that contract, the customer previously exercised $5.6 million in follow-on options, has now exercised an additional $1.5 million and has the right to exercise an additional $19.6 million.

About Globecomm Systems

Globecomm Systems Inc. is an end-to-end satellite-based communications solutions provider. The Company's core business provides end-to-end value-added satellite-based communications solutions. This business supplies ground segment systems and networks for satellite-based communications, including hardware and software to support a wide range of satellite systems. Its wholly-owned subsidiary, NetSat Express, Inc., provides end-to-end satellite-based Internet solutions, including network connectivity, broadband connectivity to end users, Internet connectivity, intranet extension, media distribution and other network services on a global basis. Both Globecomm Systems' and NetSat Express' customers include communication service providers, multinational corporations, Internet Service Providers, content providers and government entities.

Based in Hauppauge, New York, Globecomm Systems also maintains offices in Hong Kong, the United Kingdom and the United Arab Emirates.

Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters include risks and other factors detailed, from time to time, in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q, which the Company urges investors to consider.

Contacts


Globecomm Systems Inc., Hauppauge
David Hershberg, 631-231-9800
Investor Relations:
Matthew Byron, 631-457-1301
Fax: 631-231-1557
Email: ir@globecommsystems.com
Web: www.globecommsystems.com.

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