Orbit Selected as Satellite Communications Systems Supplier for one of the World’s Principal Navies; Order Valued at  $19 Million

 

August 4th, 2010

Orbit Technologies, has received a $19 million order to provide satellite communications systems to one of the world’s principal navies.   

Avi Cohen, Orbit’s president and CEO says, “Orbit is becoming a key player in the global marine environment, dramatically increasing its growth potential over the coming years.  We are proud to have been selected as the VSAT systems supplier for the future communications apparatus of this major navy customer.  This contract award is particularly significant, given the Navy’s two-year period of comprehensive and rigorous testing and evaluation of systems available on the market today.  This award is a vote of confidence in Orbit’s compelling  solutions, systems’ performance, technology superiority,  product reliability, customer service and a host of additional parameters.”   

Cohen goes on to say, “With this award, we anticipate a substantial growth in our revenues over the next two years.   I am confident in our ability to leverage this contract to receive additional orders from customers around the globe.  I wish to emphasize that though the satellite communications marketplace is experiencing a 30% annual growth, Orbit is growing even faster, while increasing its global market share.” 

This $19 million order comprises the supply of a large number of broadband satellite communications systems that includes Ku Band OrSat-G and C Band systems.  The order also includes a long term multi-year service contract.  Both the Ku and C Band system types are based on a unique technology which boasts the best footprint-to-performance ratio on the market.  This is significant as it allows for VSAT installations on tight-space platforms.