-- Same story, more just about Newsat, posted to show the PR machine is running?
NewSat on track for Jabiru-1 satellite launch
Also plans to pre-sell at least 50 per cent of next-gen satelite service transponders by June 30
NewSat is on track to launch the Jabiru-1 ?next generation satellite? in the last quarter of 2012.
Australian satellite communications company, NewSat (ASX: NWT), is on track to launch the Jabiru-1 ?next generation satellite? in the last quarter of 2012.
In an ASX statement, the company said it planned to undertake the telemetry, tracking and control for Jabiru-1 and would also be the sales and marketing arm for the satellite.
It also plans to have a minimum of 50 per cent of transponders pre-sold by 30 June 2010.
Jabiru-1 will provide satellite communication services coverage to Australia, South East Asia, the Middle East and parts of Africa.
NewSat also recently flagged that it is working to participate in the National Broadband Network (NBN ) to provide high speed communication links to the 10 per cent of the Australian population which will not be covered by the completed NBN.
NewSat chairman, Richard Green, said the company had been an active supporter of the Federal Government?s NBN policy, which included provisions to deliver two ?next generation? satellites and wireless services to up to 10 per cent of the Australian population.
?NewSat has invested over two years of development in a Ka band satellite strategy across Australia and understands the requirements,? Green said in a statement to the ASX. ?The company can ensure that these NBN focused satellites are launched and operating in the 2013-2014 calendar year, fully supported on Australian soil.?
The company is due to update the market on its full satellite strategy by June 30 this year.
In January, NewSat welcomed a $160 million Federal cash injection to supply remote areas with digital television and highlighted its plans to launch Australia?s first locally-owned satellite as a possible solution.
The company also announced it had won two new contracts worth $1 million each over 12 months.
