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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NewSat Limited (ASX: NWT), Australia’s satellite company, announces today the signing of a three year contract with a South Asian satellite reseller. The commitment is for the purchase of US$30.29 million of Jabiru satellite transmission capacity over Afghanistan. Payment in full has been agreed with the customer and is expected before the end of this month.
For commercial and competitive reasons the customer details cannot be disclosed at this time and remain confidential.
In commenting on the multi-million dollar contract, Adrian Ballintine, NewSat Founder and CEO said:
“Afghanistan continues to have an insatiable appetite for communications, and our high throughput Ka-band satellite capacity is obviously hitting a sweet spot with our customers in the region. The latest contract for US$30 million, takes the total of Jabiru pre-launch customer contracts to over US$600 million. Lockheed Martin is now six months into the Jabiru-1 satellite build and on schedule for a 2014 launch with Arianespace. Export credit debt funding continues to progress extremely well.”
On April 24, 2012, NewSat signed its recent satellite communications deal, bringing the total value of the Jabiru satellite contracts to $571 million, said CEO Adrian Ballintine. The pre-launch contract is for the purchase of satellite transmission capacity for a US satellite communications provider. NewSat said the contract was worth $13 million, but it refused to name the customer, citing competitive and commercial reasons.
NewSat Limited (ASX:NWT), Australia’s satellite company, announces today the signing of a contract with a leading US based satellite communications company. The commitment is for the purchase of US$13 million of Jabiru satellite transmission capacity over the Middle East.
The three year contract is with an existing NewSat teleport customer, who is a significant supplier to the US Government and large global enterprises. For commercial and competitive reasons the customer details cannot be disclosed at this time and remain confidential. In commenting on the multi-million dollar contract, Adrian Ballintine, NewSat Founder and CEO said:
“This new Jabiru contract takes the total of binding pre-‐launch contracts to US$571 million. It is with one of our existing long-‐term teleport customers whose business continues to grow exponentially across the Middle East. Satellite bandwidth is scarce across this region, and today they have secured a significant amount of Ka-‐band capacity to support their future growth requirements.”