Global Invacom Group Limited Appointment of Chief Technology Officer (9049P)

TIDMGINV

RNS Number : 9049P

Global Invacom Group Limited

01 June 2018

Global Invacom Group Limited

("Global Invacom" or the "Company")

Appointment of Chief Technology Officer

Executive Director Malcolm Burrell named as Chief Technology Officer Amidst New Opportunities in Global Sat Comms Sector

Singapore/London, 1(st) June, 2018 - Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment listed on the Singapore Exchange and the U.K. AIM Market, has appointed Malcolm Burrell as its Chief Technology Officer ("CTO") with immediate effect.

Mr Burrell, who is an Executive Director of the Group and Chief Risk Officer, already acts as the Technical Director responsible for Advanced Research and Development of Global Invacom and has a depth of knowledge covering the satellite industry. His additional role, managing the co-ordination of the Group's R&D teams, along with continued dialogue between the Board of Directors and sales teams, will ensure product development is being tailored to meet requirements and match demand in key markets.

Mr Burrell has over 36 years' experience in radio-frequency design, technical management and corporate management across the consumer electronics, satellite earth station and military communications sectors. A graduate in Electronic Engineering from the University of Southampton, U.K., he is a member of the Institution of Engineering and Technology.

The appointment comes amidst major industry-wide changes which provide new opportunities for Global Invacom, a leading global designer, manufacturer and innovator of satellite ground equipment for broadband and Direct-to-Home ("DTH") viewing via satellite and Very-Small-Aperture Terminal ("VSAT") equipment.

Global Invacom, which holds 71 patents and has 49 pending applications, intends to leverage on Mr Burrell's industry experience to expedite product development amidst increased global adoption of VSAT applications even as the industry undergoes a once-in-a-decade transition to Digital Channel Stacking Switch ("DCSS") technology.

Tony Taylor, Executive Chairman of Global Invacom, commented:

"We are delighted to appoint Malcolm as CTO of Global Invacom. He has been an Executive Director of the Group since 2010 and his first-class understanding of the technologies behind Sat Comms equipment has been instrumental in our ongoing R&D and will ensure that we continue to launch market-leading products to meet the demands and requirements of our customers.

Global Invacom has been improving internal efficiencies and its product pipeline amidst major changes in the operating environment. Even in remote areas, consumers want fast internet access and high-resolution content. To seize these opportunities decisively, we want to tap into the R&D and product leadership of a CTO with the calibre of Malcolm."

- End of release -

For further information, please contact:

 
 Global Invacom Group Limited                   www.globalinvacom.com 
 Matthew Garner, Chief Financial Officer        Tel: [phone] 
                                                 Tel: [phone] 
 
 finnCap Ltd (Nominated Adviser and Joint       www.finncap.com 
  Broker) 
 Christopher Raggett / Simon Hicks (Corporate   Tel: [phone] 
  Finance) 
 
 Mirabaud Securities LLP (Joint Broker)         www.mirabaud.com 
 Peter Krens (Equity Capital Markets)           Tel: [phone] 
 
 WeR1 Consultants Pte Ltd (Singapore Investor   www.wer1.net 
  Relations) 
 Ian Lau / Roshan Singh                         Tel: [phone] 
 [e-mail] / [e-mail] 
 
 Vigo Communications (UK Media & Investor       www.vigocomms.com 
  Relations) 
 Jeremy Garcia / Fiona Henson                   Tel: [phone] 
 [e-mail] 
 

About Global Invacom Group Limited

Global Invacom is a fully integrated satellite equipment provider with six manufacturing plants across China, Israel, Malaysia, U.K. and the U.S. Its customers include satellite broadcasters such as BSkyB of the U.K. and Dish Network of the U.S.A.

Global Invacom provides a full range of antennas, LNB receivers, fibre distribution equipment, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in military, medical, and consumer electronics industries. Following the acquisition in 2015 of Global Skyware, a leading US-based designer and supplier of satellite antennas products and services, the Company became the world's only full-service outdoor unit supplier.

Global Invacom is listed on the Mainboard of the Singapore Exchange Securities Trading Limited and its shares are admitted to trading on the AIM Market of the London Stock Exchange.

For more information, please refer to www.globalinvacom.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

BOAEASSFDEPPEFF

(END) Dow Jones Newswires

June 01, 2018 02:00 ET (06:00 GMT)