[SatNews] This capacity contract will bring services to various areas within the Middle East...

NewSat Limited (ASX: NWT; OTC: NWTLY) has received a signed, three year satellite capacity contract from TrustComm Inc., a leading U.S. based global communications provider, for the purchase of at least US$105 million and up to US$114 million of transmission capacity on the Jabiru-1 satellite.  The commitment is for approximately US$28 million in the first year after launch and the balance over years two and three.  The contract is another important step in the progression of NewSat's Jabiru Satellite Project and validates the high level of market demand for the company’s Ka-band service offerings. The Jabiru-1 Ka-band satellite capacity purchased by TrustComm, Inc. will serve multiple high demand regions within the Middle East including Afghanistan, Iraq, Saudi Arabia, Yemen, Qatar and Pakistan. In commenting on the multimillion dollar contract with TrustComm, Inc. Adrian Ballintine, NewSat Founder and CEO, said, "This binding contract is another major step forward in our strategy to become a global leader of satellite services. It is tangible evidence of the step-change taking place in the NewSat business model as we move from being a reseller of satellite capacity to the owner of satellites. The Jabiru-1 satellite is the first of our fleet of geostationary satellites, and will be Australia’s first independently owned commercial satellite."