2 December 2010NewSat announces $3 million of new contract...

2 December 2010
NewSat announces $3 million of new contract wins
Following up the 26 November 2010 announcement of the Jabiru-2 Satellite project, NewSat Limited (ASX:NWT) today announces a number of new significant contract wins signed during November.
The business contract wins are across several separate projects
(1) Four contracts worth a total of $1.4 million to $2.4 million of revenue providing communication services to the US Military troops in southern Afghanistan
(2) Multiple contracts worth over $600,000 of revenue providing communications for significant resource projects, such as Gorgon, in Australia and LNG in PNG.
All the contract wins are through existing NewSat partners with service delivery out of the NewSat Perth and Adelaide teleport facilities set to commence immediately.
During the current financial year the business has won over 100 new contracts totaling to over $5 million. This includes significant new contracts with Amstar Communications, the Australian Defence Force, Barrick Gold and Nixon Communications.
The operating business continues to track favourably against prior year results, internal sales forecasts and monthly recurring revenue growth targets.
The company also announced and displayed last Friday at the Annual General Meeting that NewSat has re-branded with a new logo (displaying the Jabiru stork), new updated corporate overview document and a new website. The strategic rebranding ushers in the start of a new era with the launching of the Jabiru Satellite Program. A number of further updates and developments on this groundbreaking project are expected over the next few months.
Adam Shapiro
CFO and Company Secretary
For further information:
Merv Kuek
VP Marketing
NewSat Limited
Tel: 03 9674 4644
About NewSat Limited
NewSat Limited is owned by over 8,000 shareholders and has evolved to become Australia?s largest specialist provider of satellite capacity delivering voice, data and video communications via satellite.
With the successful acquisition of the Perth and Adelaide teleports from SES Worldskies in 2005, NewSat positioned itself as a pure play satellite communications group and has since established a reputation as the partner of choice for governments, corporations and private enterprises.
NewSat provides its customers with access to an increasingly large and diverse range of satellites and has developed a world-renowned reputation for providing a full range of managed satellite communication services from its unique to Australia infrastructure in Perth and Adelaide. Today, NewSat has the ability to reach 75% of the globe including: Australia, Asia, the Middle East, Africa, across the Indian Ocean extending into Europe and across the Pacific Ocean, reaching into the west coast of the USA.
The company?s vision is to provide multiple solutions on multiple satellites across multiple platforms, enabling NewSat to provide cost-effective, timely and efficient satellite communications tailored to meet its customers? unique requirements.
NewSat will be furthering its satellite capabilities in 2013 with the Jabiru Satellite Program set to launch and operate Jabiru-1, Australia?s first independently owned commercial satellite. Jabiru-1, a large hybrid Ku- and Ka-band next generation satellite, will provide superior coverage over South East Asia, the Middle East and North Africa. Jabiru-2, also scheduled to commence in 2013, will deliver enhanced coverage over Australia, Papua New Guinea and Timor Leste. This fleet of next generation geostationary satellites will be Australia?s inaugural space program.