NewSat secures $1m in new satellite deals

Satellite operator NewSat (ASX:NWT) has announced $1m in new contracts, bringing its total wins for calendar 2011 to at least $3.8m

Satellite operator NewSat (ASX:NWT) has announced $1 million worth of newly-won transmission deals.

The company, which in February expanded its capacity by acquiring the rights to offer services via seven orbital slots covering every continent, said it had signed 30 high-grade new contracts since then.

These include several deals in oil, mining and gas exploration sites, NewSat said.

Including a number of new deals announced in January, this brings the total value of contracts NewSat has signed this year to at least $3.8 million.

The company also announced $3 million worth of agreements in early December last year.

“Calendar 2011 is shaping up to be a groundbreaking year for NewSat as we progress every phase of our Jabiru Satellite Program towards a 2013 launch,” NewSat chief executive, Adrian Ballantine, said.

NewSat last Thursday revealed that Ballantine had been named Teleport Executive of the Year by satellite group World Teleport Association.

NWT shares stayed flat on Tuesday at $0.007.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags businessNetworkingNewSattransmission deals

Show Comments