NewSat Annouces
$5m of New
Teleport
Contracts
16 October 2013
NewSat Limited announced a number of significant teleport customer contracts signed during the first quarter of FY14. The new teleport business contracts, to provide satellite communication services across the Middle East and Australasia, are worth $5 million in additional revenue and are incremental to the Company’s existing customer base.
The $5
million of new
teleport
business
contract wins in
FY14 include:
1. $2.4 million
as a
sub-contractor
supporting a USG
systems
integrator to
provide
satellite
communication
services to a US
government
agency for a
communications
network in the
PACOM region.
NewSat’s
contract in
support of this
US Department of
Defense network
has a base
period along
with four
one-year option
terms, which if
exercised, have
a total contract
value of $2.4
million;
2. $2.1 million of new contracts with a US based systems integrator to provide satellite communications to US government personnel in the Middle East; and
3. Multiple new contracts with systems integrators to provide satellite communications to mining, oil, gas and construction customers across Australia and Papua New Guinea.
In commenting on the new teleport contracts, NewSat Founder and CEO, Adrian Ballintine said: “After last financial year’s solid result, these new contracts are further building blocks to cement a great start to the year for NewSat. The consistent growth in our base teleport business and the ongoing global demand for communications underpins NewSat’s strategic growth project, the Jabiru Satellite Program.”
“Supporting US government agencies in the harsh and remote Middle Eastern region is testament to our ability to provide secure services and quality support in a mission critical environment.”
“We are also
pleased to see a
significant
increase in
confidence in
the Australian
market, through
a positive
rebound in the
number of new
resource related
projects and
expansions on
the horizon.
This has
resulted in some
new contracts
and a healthy
sales pipeline
for the future.”