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.
Download the article here
NewSat is pleased to announce that William Abbott has been appointed as Non-Executive Director of the company. He has served as Corporate Counsel to the company for two years and will retain the said position. Aside from his appointment to NewSat’s Board of Directors, he will still retain his position as Corporate Counsel to the company, one he has held since 2010, and continue serving as a consultant to HWL Ebsworth.
NewSat Chairman Richard Green commented in the appointment saying,
“Mr. Abbott brings extensive experience and satellite knowledge to the Board of Directors, at an exciting time of growth for the Company.”
Mr. Abbott has been practicing law for over 30 years in the corporate field, and prior to serving as Corporate Counsel, was an external lawyer for NewSat. He has extensive experience in international business transactions, and over the past 12 months, has been closely involved in commercial negotiations and contracts with vendors and customers of NewSat’s Jabiru Satellite Program.
Adrian Ballintine, NewSat Ltd’s Founder and CEO, attended the 3rd Annual Microcap Investment Conference held at the Sofitel Melbourne last October 16 to 17. Mr. Ballintine discussed the company’s present activities including the Jabiru Satellite Program, project funding, and the launch of the Ka band fleet.
If you would like to watch Mr. Ballintine’s presentation in full, click here.
Here are a list of news articles collected online reporting about NewSat’s FY2012 year-end result. According to CFO Adam Shapiro, this is the company’s best performing year to date and the FY2013 is promising, as it has already secured new high-profile teleport contracts, as well as funding for its Jabiru Satellite Program.
Check out the news links below:
Sydney Morning Herald
NewSat Ltd attended the Diggers & Dealers Mining Forum 2012 - a three-day event held at Kalgoorlie, Western Australia. The mining forum is one of the largest in the region and brings together mining industry professionals, equipment suppliers, engineers, and investors.
Australia’s satellite communications company NewSat was one of the hundreds of exhibitors at the forum. The company showcased its wide array of services for the mining industry, including Internet, data, voice and video conferencing technologies, as well as VSAT systems and wireless backhaul solutions perfect for remote mining locations.
NewSat has been strengthening its presence in the resource sector. It recently secured a teleport contract with Chevron’s Wheatstone Project, one of the largest LNG developments in Western Australia.
Australia’s leading satellite communications specialist, NewSat Ltd (ASX:NWT), is pleased to announce the company’s year end results for the financial year ending June 30 2012. To date this is the best performance from NewSat and the company’s CFO, Adam Shapiro, was pleased to discuss the Year End Results in detail, including an outlook for shareholders.
The company has continued to win new business contracts, including a prized deal to provide offshore and onshore communications to Chevron’s Wheatstone Project, the largest LNG development in Western Australia. The agreement is in partnership with BAE systems and will see the world class Perth teleport facility providing enterprise-grade satellite communications to the resource project.
NewSat’s Jabiru-1 satellite, presently under construction with Lockheed Martin, is within schedule for its 2014 launch. After successfully completing the Preliminary Design Review, the Ka-band satellite project also secured funding from the Ex-Im Bank.
NewSat’s Founder and CEO, Adrian Ballintine had this to say about the company’s FY2012 Year End Results:
The NewSat business is in a strong position. We have a profitable and award winning core teleport business which generates growing Monthly Recurring Revenues and kick-started the 2013 financial year with the largest ever single contract for the Wheatstone Project. Demand for satellite communications continues its resilient global growth. Our enterprise and government customers are increasingly demanding faster speeds, higher quality and secure communications to support their mission critical business activities. NewSat’s first satellite, Jabiru-‐1, is expected to generate more than US$3billion over the 15year life of the satellite at 70% utilisation, creating a step change in earnings and EBITDA margins.