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MELBOURNE: 18th December 2008
NEWSAT SECURES MULTI-MILLION DOLLAR
COMMUNICATIONS DEAL
NewSat Limited (ASX:NWT) announced today that the company has been selected by
CapRock Communications for a five year multi-million US dollar telecommunications
deal.
Directors released details of NewSat’s substantial involvement in supplying CapRock
with new satellite bandwidth in Asia that CapRock clients will use for VoIP (Voice
over Internet Protocol), corporate network access, Internet access and other
communication services..
NewSat’s Perth teleport footprint will provision the communication services.
The NewSat contract also breaks fresh ground for the company by establishing a supply
link under a new alliance with Japanese satellite fleet operator JSAT on its latest JSAT
2A facility. This extends NewSat’s complement of contracting satellite connectivity to
five fleet operators and 13 satellites, the largest satellite supply array in Australia.
This agreement builds on an excellent channel partner arrangement with CapRock and
leverages the best from both companies; CapRock’s global status as a reliable satellite
service provider to remote and harsh environments and NewSat’s strong regional
technical and fixed asset presence.
The Board emphasised that this new contract further underlines the strong and
sustainable future of the company despite a depressed general economic and financial
environment. The longevity as much as the quantum of the agreement is very
encouraging as NewSat continues to build its annuity-based contract business model.
The news highlights the value proposition of teleport ownership and the leveraging of
assets to attract high-level satellite communications contracts. It also underlines the
international recognition by space leaders and users around the world that NewSat is a
highly desirable partner for long-term and major international communications
contracts. And finally this contract, and others like it, continue to build the robust
platform for sustainable results by NewSat.
Signed
John Walker
Chairman