[SatNews] ...[the] contract has a base period of three years with a further two year option term, which if exercised, has a total contract value of US$11.7 million.
NewSat has secured a new Jabiru-2 satellite capacity contract with a leading global satellite systems integrator.
The new contract is for the supply of US$11.7 million of Jabiru-2 satellite transmission capacity over Australia, Papua New Guinea, Timor Leste and the Solomon Islands. NewSat’s contract has a base period of three years with a further two year option term, which if exercised, has a total contract value of US$11.7 million.
The customer contract is with an existing NewSat teleport customer who is a supplier to mining, energy, maritime and industrial sectors around the world. The Jabiru-2 satellite capacity will enable the customer to enhance its existing enterprise-grade video, voice and data services, and strategically expand its service offering across Australasia.
As NewSat’s SVP Global Sales, Andrew Matlock commented, “We are excited to secure this new Jabiru-2 contract with one of the world’s largest satellite service providers, also a long term loyal customer of NewSat. They are fantastic to work with and we look forward to extending our already strong relationship and building new opportunities together across growth markets of Australasia. Jabiru-2’s capacity will ensure our partners can continue to provide innovative end-user solutions.”
Jabiru-2 is scheduled to launch in September 2014, with the customer contract to commence once the satellite has entered commercial service. For commercial reasons the customer details cannot be disclosed at this time and remain confidential.
“With Jabiru-2 scheduled for launch in September 2014, we look forward to keeping you informed on this exciting project, providing additional targeted capacity over Australasia. Jabiru-2 will enable NewSat to further deliver the high-quality, exceptional services our customers expect across resources, maritime, aeronautical, media, carrier-grade telecommunications and government verticals.” Learn more here.