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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Satcom Grp | LSE:SGH | London | Ordinary Share | GB00B0D66620 | ORD USD0.10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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
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