NewSat Ltd was featured in The Australian courtesy a report by James Dunn. In the newspaper, Dunn looks into the strategies of the company especially with the financing of the Jabiru Satellite Program. The project aims at launching Australia’s first independently owned commercial satellite, and progress on the first spacecraft, the Jabiru-1, has been within schedule after Lockheed Martin announced a few months back it had successfully completed the Preliminary Design Review.
Dunn also interview Adrian Ballintine, the Founder and CEO of NewSat Ltd. Mr. Ballintine explained how the company is acquiring several orbital slots to support its Jabiru Program, as well as meet the increasing demand for satellite capacity not only in Australia but also across the globe. NewSat Ltd has been enjoying increased revenues from its teleport services thanks to solid support from the mining and military sectors.
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16-17 October 2012
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NewSat’s Founder and CEO, Adrian Ballintine, will join the 3rd Annual Australian Microcap Investment Conference in Melbourne. The event will be a platform for some of the country’s 20 leading microcap CEO’s where they can discuss their strategies, insights, and business leanings, as well as talk about the emerging trends and challenges in their respective industries.
Australia’s largest satellite communications specialist is continually growing, with the Jabiru Satellite Program offering an exciting prospect to the company and to its customers.
Currently under construction is the Jabiru 1 Satellite, slated for a 2014 launch and capable of delivering high-powered ka band capacity as well as flexible payloads to the Middle East, Northern Africa, and South East Asia regions. The company has also secured several new teleport business contracts with enterprise customers from the resource industry.
Here are two press releases detailing NewSat’s recent announcement regarding increased revenues for their Teleport Businesses. The company attributes the growth to 306 new business contracts due to increased demand fro resource, mining, construction, military and government sectors.
Also included is a feature from IT Wire on the company’s contract with BAE system to provide offshore and onshore satellite communications for the Wheatstone project.
NewSat Limited (ASX: NWT), Australia’s satellite company, is pleased to announce that over the 2012 financial year, the Monthly Recurring Revenue of the teleport business has increased by 24% to US$3.1 million per month. The US$600,000 increase in Monthly Recurring Revenue is due to a significant number of new teleport customer contracts signed over the 2012 financial year. The 306 new teleport contracts signed are worth US$12.68 million of additional revenue and are incremental to the Company’s existing contract base.
The US$12.68 million of new teleport business contracts announced during the 12 month period include:
In commenting on the FY2012 new teleport sales, Adrian Ballintine, NewSat Founder and CEO said:
“Our internationally acclaimed teleport business continues its stellar global growth, as our blue chip customers continue to demand high quality communications to support their mission critical business activities. The US$12.68 million in new teleport contracts is incremental to our existing revenue base and has increased our monthly recurring revenues by 24% to US$3.1 million per month.”
“In addition to the commendable sales result for FY2012, the NewSat teleports were rated Top 3 in the world at the World Teleport Awards in March 2012, which reinforces their status as the best teleports in the Australasia region. FY2013 exhibits all the signs of being another exciting growth year for NewSat, as our teleport sales pipeline remains very solid. This continued growth potential is being driven by ongoing demand from Australasia, South Asia and the Middle East, and last week’s signing of the Wheatstone Project for a multi-million dollar contract was a great kick start to the current financial year.”
NewSat Limited (ASX: NWT), Australia’s satellite company, announces today the signing of a two year contract with its partner BAE Systems. The contract is worth US$8.59 million and is to provide hardware and satellite communications services through NewSat’s Perth based teleport to the Wheatstone Project. The project is one of the world’s largest liquid natural gas (LNG) developments located in the north western region of Western Australia.
The contract with BAE Systems will provide offshore satellite communications to enable high-speed connectivity between the customer’s Perth office, offshore platform and production facility in Onslow. The solution has been designed to withstand the cyclonic conditions unique to the region. This new contract expands NewSat’s satellite communication services to the entire Wheatstone Project, both offshore and onshore, to support the project’s construction, operations, administration and staff welfare.
The Wheatstone Project is expected to operate for approximately 40 years and is located in the remote region of Ashburton North, Western Australia, which is best serviced by enterprise-grade satellite communications.
In commenting on the new teleport contract, Adrian Ballintine, NewSat Founder and CEO said:
“The Wheatstone Project is a massive LNG project. We have been working with a range of our partners ontheir tenders and are very happy BAE Systems won the bid. BAE Systems is a global leader in technology solutions and systems and we are delighted to work with such a high calibre organisation. In partnership with BAE Systems, NewSat will deliver enterprise-grade satellite communications to yet another great resource project off the north-west coast of Australia.”
“This new US$8.59 million deal is our largest single teleport contract to date and kick starts our FY2013 year. Our core teleport business continues to grow as we secure large oil, gas and mining contracts around the world. With a promising teleport sales pipeline, NewSat is in great shape. Demand from our enterprise and government customers around the globe continues to grow, as they mandate high-grade communications everywhere and anytime.”
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