Ann: NEWSAT FINALISES JABIRU-2 SATELLITE VENTURE , page-2

re: Ann: NEWSAT FINALISES JABIRU-2 SATELLITE ... ...
... ASX Release
... 20 February 2012 ......
NEWSAT FINALISES JABIRU-2 SATELLITE VENTURE WITH MEASAT
...
? Jabiru-2 scheduled to launch next year ....
? Capacity over PNG, Timor and Australia, targeting oil, gas, mining and government markets
? Expected to generate $110 million in revenue over 15 year life
? Enhances profitability of NewSat’s growing Teleport business
...
NewSat Limited (ASX: NWT), Australia’s satellite company, announces today the finalisation of an agreement with MEASAT Satellite Systems Sdn. Bhd. (MEASAT) for the lease of satellite capacity for Jabiru-2.
The agreement with MEASAT updates the previous agreement announced on 26 November 2010 with final technical and performance specifications.
The final agreement provides NewSat with multiple transponders of capacity covering Papua New Guinea, Timor Leste and high demand regions in and around Australia, including Pilbara, Kimberly, North West Shelf and Timor Gap for the 15 year life of the satellite.
...
Launching in 2013, Jabiru-2’s high-powered Ku-band capacity will provide oil, gas, mining and government customers with business-grade Internet, voice, data and video communication services, leveraging NewSat’s unique-to-Australia Teleport infrastructure in Perth and Adelaide.
...
The financial terms of the agreement are confidential and cannot be released at this date.
...
In commenting on the agreement, Adrian Ballintine, NewSat Founder and CEO said:
“This agreement further solidifies our relationship with MEASAT, Asia’s leading satellite operator. MEASAT has secured US$180 million of capacity on our Jabiru-1 satellite and now we have secured strategic capacity on their satellite, along with Jabiru-2 naming rights.”
“Oil, gas and mining customers have been starved of quality Ku-band capacity in the hot-spots around Australia. By committing long-term to Jabiru-2 capacity, we can provide the perfect solution for our “blue chip” customers across PNG, Timor, WA and far north Queensland, ensuring them quality service and enhancing the profitability of our core Teleport business.”
“The Jabiru Satellite Program continues its forward momentum. The Jabiru-1 satellite construction is progressing well with Lockheed Martin and on target to launch in 2014 with Arianespace. The Jabiru-2 satellite launches next year and is expected to deliver over $110 million in revenue over the 15 year life of the satellite.”
...
...
... ....... ende of announcement .....
...
...