As the year begins to close RigNet, Inc. (NASDAQ:RNET) announces a renewed multi-year contract with an international oil and gas service company in which RigNet will provide services for the customer’s energy maritime vessels operating in the Middle East.
The positive aspect of this is that the contract further strengthens RigNet’s position in maritime industry.
The customer’s sophisticated vessels will include RigNet’s managed communication solution using the latest VSAT technology which is equipped with stabilized antennas. Also, the solution allows for the improvement of bandwidth distribution among the fleet.
Steven Pickett, RigNet’s CEO and president stated, “This renewal demonstrates our commitment to provide quality service to one of our valued customers. Additionally, the contract award enables RigNet to continue to satisfy its strategic initiative to diversify.”