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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Global Invacom Group Limited | LSE:GINV | London | Ordinary Share | SG2E91982768 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.00 | 2.50 | 3.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGINV
Global Invacom Group Limited
11 May 2017
Foxcom, a Global Invacom Company, Ships World's First Iridium/GPS Repeater for Aircraft Hangars
London/Singapore, 11 May 2017 - Global Invacom Group Limited ("Global Invacom" or "the Group"), a satellite communications ("Sat Comms") equipment provider listed on the Singapore Exchange and the U.K. AIM Market, today announces that Foxcom, one of its R&D and manufacturing arms, will ship its low-cost iridium/GPS repeater to a leading international airline for installation in one of its aircraft hangars.
Foxcom will install the new fibre repeater in the airline's hangar at the end of May 2017. The repeater, which debuted in October 2016, is the latest solution for aircraft hangars in the highly successful range of iridium and GPS repeaters that Foxcom launched in 2013.
With the ability to provide Iridium/GPS satellite signals inside hangars, the airline can undertake avionics testing indoors at any time, regardless of the weather, without having to move aircraft in and out of the building. This greatly reduces aircraft-on-ground time, man-hours and overall maintenance costs, therefore providing an immediate return on investment.
Iridium satellite equipment is used worldwide but has traditionally been limited to outdoor use, as building structures block the satellite signals. Foxcom's Iridium and GPS repeater allows communication inside buildings, using fibre optic for a long distance between Outdoor Units ("ODU") and Indoor Units ("IDU"), or coax for a low-cost repeater solution where ODU and IDU that are just a few metres apart.
Beyond hangars, Iridium repeaters are used across a range of locations and industries. These include underground civil defence and military bunkers, oil rigs and ships, and large buildings.
Established in 1993, Foxcom specialises in radio frequency over fibre equipment. It is a top supplier to satellite operators, broadcasters and integrators worldwide, with products that offer high performance, bandwidth and reliability. For more information, visit: www.foxcom.com
**End of Press Release**
For media queries, please contact
Matthew Garner
Chief Financial Officer
Global Invacom Group Limited
8 Temasek Boulevard Freeman House #20-03 Suntec Tower John Roberts Business Three Park Singapore 038988 Canterbury CT5 3BJ +65 6884 3423 +44 203 053 3523
On behalf of Global Invacom Group Limited:
finnCap Ltd (Nominated Adviser and Joint Broker)
Christopher Raggett / Simon Hicks (Corporate Finance)
Rhys Williams (Corporate Broking and Sales)
+44 207 220 0500
Mirabaud Securities LLP (Joint Broker)
Peter Krens (Equity Capital Markets)
+44 207 878 3362
Bell Pottinger LLP (UK Financial PR)
David Rydell / Joanna Davidson
+44 203 772 2500
WeR1 Consultants Pte Ltd (Singapore Financial PR)
Grace Yew, graceyew@wer1.net
Wendy Sim, wendysim@wer1.net
+65 6737 4844
About Global Invacom Group Limited
Global Invacom Group Limited ("Global Invacom") is listed on the Singapore Exchange Securities Trading Limited Mainboard ("SGX-ST") and its shares are admitted to trading on the AIM Market of the London Stock Exchange in the U.K.
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.
On 24 August 2015, Global Invacom completed the acquisition of Global Skyware, a leading U.S.-based designer and supplier of satellite antennas products and services for C-band, Ku-band and Ka-band frequency platforms, positioning itself as the world's only full-service outdoor unit supplier.
Global Invacom provides a full range of dish antennas, LNB receivers, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in TV peripherals, computer peripherals, medical, and consumer electronics industries.
For more information, please refer to www.globalinvacom.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 11, 2017 02:01 ET (06:01 GMT)
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