NEWSAT LIMITED
ASX Release
7 July 2014
Contract with a leading global systems integrator for coverage across Australasia
Three year contract with an option for a further two years
Commences once Jabiru-2 enters commercial service following launch
NewSat Limited (ASX: NWT, OTCQX: NWTLY), Australia's satellite company, is pleased to announce a new Jabiru-2 satellite capacity contract with a leading global satellite systems integrator. The new contract is for the supply of US$11.7 million of Jabiru-2 satellite transmission capacity over Australia, Papua New Guinea, Timor Leste and the Solomon Islands. NewSat's contract has a base period of three years with a further two year option term, which if exercised, has a total contract value of US$11.7 million.
The customer contract is with an existing NewSat teleport customer who is a significant supplier to mining, energy, maritime and industrial sectors around the world. The Jabiru-2 satellite capacity will enable the customer to enhance its existing enterprise-grade video, voice and data services, and strategically expand its service offering across Australasia.
Jabiru-2 is scheduled to launch in September 2014, with the customer contract to commence once the satellite has entered commercial service. For commercial reasons the customer details cannot be disclosed at this time and remain confidential.
"We are excited to secure this new Jabiru-2 contract with one of the world's largest satellite service providers, also a long term loyal customer of NewSat. We look forward to extending our already strong relationship and building new opportunities together across growth markets of Australasia."
"With Jabiru-2 scheduled for launch in September 2014, we look forward to keeping you informed on this exciting project. Jabiru-2 will enable NewSat to further deliver the high-quality, exceptional services our customers expect across resources, maritime, aeronautical, media, carrier-grade telecommunications and government verticals."
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NewSat is Australia's largest pure-play satellite communications company, delivering internet, voice, data and video communications via satellite. With award winning and unique-to-Australia teleport infrastructure, NewSat has a reputation as the partner of choice for enterprise and government customers around the world. Today, NewSat provides secure and reliable connectivity to 75% of the globe.
NewSat will be expanding its satellite capabilities with the Jabiru Satellite Program. Set to launch Australia 's first commercial Ka-band satellite, Jabiru-1 will provide high-powered, flexible capacity over the MENA and Jabiru-2, launching in 2014, will deliver highly targeted coverage across Australasia. For more information, please visit www.newsat.com
Adrian Ballintine, Founder & Chief Executive Officer
Michael Hewins, CFO & Company Secretary: +61 3 9674 4644
Merv Kuek, SVP Marketing & Corporate Communications
Kathryn Norton, Marketing & Communications Manager: +61 3 9674 4627
Media kit: www.newsat.com/mediakit
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