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GINV Global Invacom Group Limited

3.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
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

Global Invacom Group Limited Launch of new Hangar Repeater Solution (3698U)

12/07/2018 7:00am

UK Regulatory


Global Invacom (LSE:GINV)
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RNS Number : 3698U

Global Invacom Group Limited

12 July 2018

Global Invacom Group Limited

("Global Invacom" or the "Company")

Launch of new Hangar Repeater Solution

Enables indoor avionics testing of Inmarsat, Iridium and GPS Satellite signals

Singapore/London, 12 July 2018 - Global Invacom (SGX: QS9, AIM: GINV), the global provider of satellite communications equipment, is pleased to announce the launch of an innovative solution enabling aircraft ground engineers to undertake 24/7 avionics testing of Inmarsat, Iridium and GPS satellite signals indoors.

The Hangar Repeater Solution ('the Solution'), developed in-house by Foxcom, a wholly owned subsidiary of Global Invacom, enables engineers involved in the maintenance, repair and overhaul (MRO) of aircraft to undertake testing 24/7 regardless of the weather and without having to move aircraft in and out of a hangar, as is the current practice.

Inmarsat and Iridium satellite equipment has been generally limited to outdoor use, as building structures block satellite signals. However, Foxcom's unique repeater technology enables communication inside buildings or underground without the need for a direct line of sight to the sky. Furthermore, existing Foxcom repeaters can be easily upgraded to add Inmarsat compatibility.

The Solution therefore greatly reduces aircraft-on-ground time, man-hours and overall maintenance costs, thereby providing a rapid return on investment for customers. This latest solution builds upon the successful range of repeaters first launched by Foxcom in 2013.

Beyond the aviation sector, GPS, Inmarsat and Iridium repeaters can be deployed across a range of locations and industries, such as underground civil defence and military bunkers, oil rigs and ships, and large buildings.

Tony Taylor, Executive Chairman of Global Invacom, commented:

"We're delighted to announce the launch of this unique testing solution, which is an excellent example of our ongoing commitment, innovation and investment.

As a business, we are always looking to provide our partners with industry leading devices that both simplify the running of their business but more importantly save them time and money - something that the Hangar Repeater Solution clearly does."

- End of Release -

For further information, please contact:

 
 Global Invacom Group Limited                   www.globalinvacom.com 
 Matthew Garner, Chief Financial Officer        Tel: +65 6431 0782 
                                                 Tel: +44 203 053 3523 
 
 finnCap Ltd (Nominated Adviser and Joint       www.finncap.com 
  Broker) 
 Christopher Raggett / Simon Hicks (Corporate   Tel: +44 207 220 0500 
  Finance) 
 
 Mirabaud Securities LLP (Joint Broker)         www.mirabaud.com 
 Peter Krens (Equity Capital Markets)           Tel: +44 207 878 3362 
 
 WeR1 Consultants Pte Ltd (Singapore Investor   www.wer1.net 
  Relations) 
 Roshan Singh                                   Tel: +65 6737 4844 
 gigl@wer1.net 
 
 Vigo Communications (UK Media & Investor       www.vigocomms.com 
  Relations) 
 Jeremy Garcia / Fiona Henson                   Tel: +44 207 830 9701 
 ginv@vigocomms.com 
 

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.

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/hangar-repeaters.

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 rns@lseg.com or visit www.rns.com.

END

MSCEAKXFFELPEFF

(END) Dow Jones Newswires

July 12, 2018 02:00 ET (06:00 GMT)

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