US Government Contract Win
June 25 2007 - 3:01AM
UK Regulatory
RNS Number:8920Y
SatCom Group Holdings plc
25 June 2007
Press Release 25 June 2007
SATCOM GROUP HOLDINGS PLC
("Satcom" or "the Company")
Satcom wins contract with US Government
SatCom Group Holdings plc (AIM: SGH), a reseller of mobile satellite
communications, is pleased to announce that it has been awarded a contract from
the US government to supply satellite airtime to the US Navy.
The contract, which is valued at an estimated US$10 million in the first year
and covers a five-year period, has been signed with O'Gara Satellite Systems Inc
("O'Gara"), a wholly-owned subsidiary of SatCom Group Holdings. O'Gara is one of
only five companies in the world to have been certified as a Defense Information
Technology Contracting Organization ("DITCO") Awardee and is accordingly one of
the only companies with the accreditation to tender for US government airtime
contracts. O'Gara has an existing agreement under DITCO to supply the US
Government with other satellite services.
Commenting on the contract win, Mark White, Chief Executive of SatCom Group
Holdings plc, said:
"This contract is an excellent endorsement for SatCom and adds significant scale
to the Company's operations. We are delighted to have been chosen to supply the
US Navy following this tender. Whilst the bid was competitive, the length of the
contract is significant as it gives SatCom the opportunity to work with this
prestigious customer".
- Ends -
For further information:
SatCom Group Holdings plc
Mark White, Chief Executive Officer Tel: +44 (0) 1722 439 206
mark.white@satcomgroup.com www.SatComgroup.com
Martin Ward, Chief Financial Officer Tel: +44 (0) 1722 439 201
martin.ward@satcomgroup.com www.SatComgroup.com
Teather & Greenwood Limited
Gareth Price, Corporate Finance Tel: +44 (0) 207 426 9000
Fred Walsh, Corporate Finance Tel: +44 (0) 207 426 9000
www.teathers.com
Media enquiries:
Abchurch
Chris Lane/ Georgina Bonham Tel: +44 (0) 20 7398 7700
georgina.bonham@abchurch-group.com www.abchurch-group.com
Note to Editors
SatCom is a global reseller of airtime services and satellite systems hardware
(mobile handsets and data terminals) for major satellite systems operators,
including Inmarsat, Thuraya and Iridium. SatCom's key target markets include
the US, Europe, Asia, Middle East and the maritime community worldwide.
SatCom is based in Salisbury in the UK, with further offices in the USA, Dubai
and throughout the Asia region. SatCom has established a robust customer base
in excess of 20,000 active terminals and is able to offer all communication
solutions.
Products range from small, handheld phones through to terminals such as the
Inmarsat B-GAN, a high speed satellite Internet Protocol modem operating at
speeds of up to 432 kbits/s. In addition, SatCom provides airtime services via
the three satellite operators to key customers including dealers, commercial
companies and Governments.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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