Thrane & Thrane Agreement
September 07 2007 - 3:01AM
UK Regulatory
RNS Number:4430D
SatCom Group Holdings plc
07 September 2007
Press Release 7 September 2007
SATCOM GROUP HOLDINGS PLC
("SatCom" or "the Group")
SatCom announces Master Distribution status agreement
with Thrane & Thrane
SatCom Group Holdings plc (AIM: SGH), a reseller of mobile satellite
communications, is pleased to announce that it's wholly-owned UAE-based
subsidiary, SatCom Global FZE ("SatCom Global"), has been selected as one of
only nine global Master Distributors for Thrane & Thrane, the leading
manufacturer of equipment and systems for global mobile communication based on
sophisticated satellite and radio technology.
Under the agreement SatCom Global will wholesale Thrane & Thrane products on a
global basis to bring Thrane & Thrane products to new vertical markets using the
Group's established global logistics capability, comprising four warehouses
situated in Asia, the Middle East, Europe and the USA, in addition to an
established Reseller Network in these regions.
The Group is also pleased to announce that another wholly-owned subsidiary of
SatCom, Horizon Mobile Communications ("HMC"), has been appointed as a Certified
Partner of Thrane & Thrane. HMC specialise in the provision of satellite
communications services to the maritime industry and will work with Thrane &
Thrane on the existing SAILOR(R) products and the next generation of Inmarsat
Fleet Broadband, continuing to provide satellite communications to seafarers
worldwide.
Commenting on the announcement, Mark White, Chief Executive of SatCom Group
Holdings, said: "We are delighted to have such a strong partnership with Thrane
& Thrane, confirming our leading position as a distributor of satellite
communications services and as a solution provider of choice to our important
maritime customers.
"This agreement demonstrates the strength and scale of SatCom's business model.
While SatCom Global will wholesale Thrane & Thrane products directly to other
hardware suppliers, we are also in a strong position whereby HMC can capitalise
on meeting market demand directly through their partnership with Thrane &
Thrane.
"This agreement will further increase the Group's stable and recurrent revenues
and subsequent profits derived from the maritime sector. We are confident of
further increasing our market share in this key vertical market."
Thrane & Thrane Kim Bille Gram, Regional Sales Director, South Asia and Pacific
Rim, said: "Thrane & Thrane have worked for many years with HMC bringing the
high quality Thrane product and the reputation of HMC to provide first class
customer service and product support."
- 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
Landsbanki Securities (UK) Limited
Gareth Price Tel: +44 (0) 207 426 9000
gareth.price@landsbanki.com www.landsbanki.com
Abchurch
Chris Lane / Georgina Bonham Tel: +44 (0) 20 7398 7700
georgina.bonham@abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRSSMFMMSWSESU
Satcom (LSE:SGH)
Historical Stock Chart
From Nov 2024 to Dec 2024
Satcom (LSE:SGH)
Historical Stock Chart
From Dec 2023 to Dec 2024