....MEASAT Satellite Systems Sdn. Bhd. (MEASAT) for the lease of satellite capacity for Jabiru-2. The agreement with MEASAT updates the previous agreement announced on November 26, 2010, with final technical and performance specifications. The final agreement provides NewSat with multiple transponders of capacity covering Papua New Guinea, Timor Leste and high demand regions in and around Australia, including Pilbara, Kimberly, North West Shelf and Timor Gap for the 15 year life of the satellite.

Launching in 2013, Jabiru-2’s high-powered Ku-band capacity will provide oil, gas, mining and government customers with business-grade Internet, voice, data and video communication services, leveraging NewSat’s unique-to-Australia Teleport infrastructure in Perth and Adelaide. The financial terms of the agreement are confidential and cannot be released at this date.

SS/L's rendition of the Jabiru-1 and -2 satellite, which the Company is building.

In commenting on the agreement, Adrian Ballintine, NewSat Founder and CEO, said, “This agreement further solidifies our relationship with MEASAT, Asia’s leading satellite operator. MEASAT has secured US$180 million of capacity on our Jabiru-1 satellite and now we have secured strategic capacity on their satellite, along with Jabiru-2 naming rights. Oil, gas and mining customers have been starved of quality Ku-band capacity in the hot-spots around Australia. By committing long-term to Jabiru-2 capacity, we can provide the perfect solution for our “blue chip” customers across PNG, Timor, WA and far north Queensland, ensuring them quality service and enhancing the profitability of our core Teleport business. The Jabiru Satellite Program continues its forward momentum. The Jabiru-1 satellite construction is progressing well with Lockheed Martin and on target to launch in 2014 with Arianespace. The Jabiru-2 satellite launches next year and is expected to deliver over $110 million in revenue over the 15 year life of the satellite.”