NewSat scores $AU7.5m in new deals
Mining boom helps drive satellite demand
Australian listed satellite company NewSat has secured a raft of new contracts across oil, gas, mining, construction, aviation and government sectors, totalling $AU7.5 million.
The new deals for Teleport services were signed during the first half of the 2012 financial year and will provide satellite communication services across Australasia and the Middle East.
The new contracts include providing satellite comms for the north-west shelf Wheatstone Project and Gorgon Projects off the Western Australia coast; supply of satellite communications for US Government personnel in the Middle East; and a new contract with an unnamed engineering and construction company to provide satellite communications for remote construction sites across Australia.
NewSat’s Teleports in Perth and Adelaide are accredited to supply services to the Australian Department of Defence (DRSS) and are recognised as highly secure global access points, supporting certified classified networks to ensure the transmission of vital and sensitive information for government clients.
“This is outstanding revenue growth for the first half of the year, setting us up for a fantastic 2012. Importantly, our Jabiru-1 satellite launch is tracking extremely well, as we continue to achieve key milestones. This is a ground-breaking time for NewSat as we successfully transform from a growing profitable teleport operator into a global satellite operator with a fleet of satellites,” said NewSat founder and CEO Adrian Ballintine.
NewSat is in the process of expanding its satellite capabilities with the Jabiru Satellite Program. The Jabiru-1, a large Ka-band next generation satellite, will provide coverage over South East Asia, the Middle East and North Africa. Jabiru-2, also scheduled, will deliver enhanced coverage in and around Australia. NewSat has rights to seven premium orbital slots and its fleet of next generation geostationary satellites. ®
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