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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 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8920Y SatCom Group Holdings plc 25 June 2007 Press Release 25 June 2007 SATCOM GROUP HOLDINGS PLC ("Satcom" or "the Company") Satcom wins contract with US Government SatCom Group Holdings plc (AIM: SGH), a reseller of mobile satellite communications, is pleased to announce that it has been awarded a contract from the US government to supply satellite airtime to the US Navy. The contract, which is valued at an estimated US$10 million in the first year and covers a five-year period, has been signed with O'Gara Satellite Systems Inc ("O'Gara"), a wholly-owned subsidiary of SatCom Group Holdings. O'Gara is one of only five companies in the world to have been certified as a Defense Information Technology Contracting Organization ("DITCO") Awardee and is accordingly one of the only companies with the accreditation to tender for US government airtime contracts. O'Gara has an existing agreement under DITCO to supply the US Government with other satellite services. Commenting on the contract win, Mark White, Chief Executive of SatCom Group Holdings plc, said: "This contract is an excellent endorsement for SatCom and adds significant scale to the Company's operations. We are delighted to have been chosen to supply the US Navy following this tender. Whilst the bid was competitive, the length of the contract is significant as it gives SatCom the opportunity to work with this prestigious customer". - 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 Teather & Greenwood Limited Gareth Price, Corporate Finance Tel: +44 (0) 207 426 9000 Fred Walsh, Corporate Finance Tel: +44 (0) 207 426 9000 www.teathers.com Media enquiries: Abchurch Chris Lane/ Georgina Bonham Tel: +44 (0) 20 7398 7700 georgina.bonham@abchurch-group.com www.abchurch-group.com Note to Editors SatCom is a global reseller of airtime services and satellite systems hardware (mobile handsets and data terminals) for major satellite systems operators, including Inmarsat, Thuraya and Iridium. SatCom's key target markets include the US, Europe, Asia, Middle East and the maritime community worldwide. SatCom is based in Salisbury in the UK, with further offices in the USA, Dubai and throughout the Asia region. SatCom has established a robust customer base in excess of 20,000 active terminals and is able to offer all communication solutions. Products range from small, handheld phones through to terminals such as the Inmarsat B-GAN, a high speed satellite Internet Protocol modem operating at speeds of up to 432 kbits/s. In addition, SatCom provides airtime services via the three satellite operators to key customers including dealers, commercial companies and Governments. This information is provided by RNS The company news service from the London Stock Exchange END CNTILFVEREIFFID
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