It pays to cooperate is the mantra for C2SAT [NGM Stock Market Exchange, C2ST] who has signed a frame agreement with Seanet Maritime Communications AB (publ) for the delivery of 60 stabilized VSAT antenna systems. Initially two antennas will be delivered to Seanet for immediate test installation on ships.

Seanet recently announced that the company will focus on maritime GSM services, and decided to cancel the antenna project C-Max. The decommissioning involves cost savings of around 300,000 SEK per month (approximately US$39,319), as well as the possibility to focus more time as a Maritime operator.

In connection with the framework agreement, C2SAT will take over some equipment from Seanet’s discontinued antenna project. “We welcome the cooperation with C2SAT. There are great synergies between our companies that address the same markets. The agreement provides us with the reliable antennas which significantly increase the level of service to our customers around our communications solutions to ships," says Klas Lundgren, CEO Seanet. “The agreement with Seanet gives us greater predictability in our antenna deliveries. Seanet’s client portfolio is impressive, and with our reliable antennas, their revenue per vessel will increase. The agreement also allows us to act jointly in sales efforts towards ships with a strong proposal," says Fredrik Hånell, CEO C2SAT Group.

To date, Seanet has a total of 23 contracts for communications solutions for ships of which 12 are now deployed. Seanet receives traffic revenue from deployed ships.