SpeedCast International Limited (ASX: SDA) and Beijing Marine Communications and Navigation Co. Ltd (‘MCN’) have signed a Memorandum of Understanding for Strategic Cooperation (‘MOU’).
Under the MOU, MCN and SpeedCast will form a strategic partnership by integrating MCN’s VSAT network in Asia Pacific and SpeedCast’s global VSAT networks to provide global connectivity to the maritime industry. This partnership will provide seamless connectivity for both MCN and SpeedCast customers wherever they are, as well as providing a wide portfolio of applications enhancing productivity, crew welfare and safety.
SpeedCast will assist MCN to expand its infrastructure to provide service coverage in the South China Sea, which will be integrated to SpeedCast’s global network. MCN will also be able to leverage SpeedCast’s extensive network of field engineers located in key ports around the world.
According to Mr. Pierre-Jean Beylier, the CEO of Speecast, this partnership may well expand into other mobility markets where both of these companies can leverage one another's particular market strengths.