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ISAT Inmarsat Plc

544.40
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Inmarsat Plc LSE:ISAT London Ordinary Share GB00B09LSH68 ORD EUR0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 544.40 544.40 545.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Inmarsat PLC Satlink commits over 1,500 vessels to Fleet Xpress (7678W)

14/02/2017 7:00am

UK Regulatory


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TIDMISAT

RNS Number : 7678W

Inmarsat PLC

14 February 2017

Satlink Satellite Communications commits over 1,500 vessels to Fleet Xpress

Delivering significantly enhanced operational and crew welfare benefits is turning the concept of the 'connected ship' into a reality

14 February 2017: Satlink Satellite Communications Ltd, a world leader in satellite communication and technical services, has entered into a new agreement with Inmarsat (LSE: ISAT.L), the leading provider of global mobile satellite communication services, to integrate Fleet Xpress into Satlink's existing service portfolio. Through the agreement, Satlink will bring more than 1,500 vessels to the Fleet Xpress service over a five-year period.

Fleet Xpress, the Global Xpress maritime solution, sets a new standard for maritime global communications with crew welfare, regulatory and operational efficiency at its heart. The service, which is facilitating innovative 'connected ship' applications, delivers the highest levels of reliable, high-speed broadband connectivity and exceptional performance across all of the world's oceans, with continuous connectivity and guaranteed performance.

A member of the Tototheo Group, Satlink is one of the leaders in satellite communication and technical services in the maritime industry. Based in Cyprus, Satlink supply, service, integrate and install satellite communications equipment on-board. Its customers include merchant fleets, offshore, fishing and leisure vessels.

Commenting on the agreement, Ronald Spithout, President of Inmarsat Maritime said: "Satlink is a long-standing Inmarsat Maritime Partner and we are delighted to further strengthen our relationship with this significant agreement.

"We are seeing an unprecedented uptake of the Fleet Xpress service since its launch last year, and by working with Satlink, we are able to extend our global reach and expertise to the market. The connected ship is no longer a concept, but now rapidly becoming a reality. With our, world-leading, high-speed broadband connectivity and a dedicated partner network, together we are revolutionising the industry and delivering tangible benefits in terms of vessel performance, driving operational efficiencies and improving the wellbeing of the crew."

Socrates Theodossiou, Joint Managing Director of The Tototheo Group said: 'We are delighted to enhance our long cooperation with Inmarsat with this agreement. We have a global presence and have been committed to the maritime satellite communications industry for over 30 years. With this strategic alliance we look forward to utilising the innovative and dependable capabilities of Fleet Xpress for the increasing requirements of our customers in regards to broadband connectivity, and to enhance ship efficiency, crew welfare and the implementation of various 'connected ship' applications."

ENDS

For further information

   Jonathan Sinnatt                                    Socrates Theodossiou 
   Director of Corporate Communications        Managing Director 
   +44 (0)20 7728 1935                             +357 2556 9155 
   jonathan.sinnatt@inmarsat.com                socrates@tototheo.com.cy 

About Fleet Xpress

Fleet Xpress delivers a unique, fully integrated dual capability of high speed, high capacity services (Global Xpress) together with high reliability safety-level services (FleetBroadband) in a single commercial package which is available anywhere in the world. Fleet Xpress is further enriched by Inmarsat Gateway, a unique service enablement platform designed to provide ship owners, managers and operators with access to a new generation of value-added maritime applications, services and solutions.

Fleet Xpress will be taken to market through Inmarsat's powerful and committed direct and indirect sales channels. Inmarsat Maritime, Inmarsat's direct maritime sales arm, intends to transition more than 2,600 existing XpressLink installations to Fleet Xpress, and to convert its substantial committed XpressLink backlog, to Fleet Xpress over the next three years.

Inmarsat's maritime channel partners include all the leading maritime communications resellers, providing global reach, customer intimacy and value-added capabilities in support of Fleet Xpress, and a well-managed pathway for Inmarsat's current FleetBroadband customers to migrate over time up to Fleet Xpress.

About Inmarsat

Inmarsat plc is the leading provider of global mobile satellite communications services. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. Inmarsat operates in more than 60 locations around the world, with a presence in the major ports and centres of commerce on every continent. Inmarsat is listed on the London Stock Exchange (ISAT.L). For more information, please visit www.inmarsat.com.

The Inmarsat press release newsfeed and corporate updates are on @InmarsatGlobal.

About Satlink Satellite

A member of the Tototheo Group, Satlink Satellite Communications Limitedstarted its activities in the early 80s and has grown to become one of the leaders in satellite communication and technical services in the Maritime Industry. Satlink Satellite has a strong global presence with offices in Cyprus, Greece, Middle East and Singapore.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

February 14, 2017 02:00 ET (07:00 GMT)

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