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SGH Satcom Grp

9.00
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
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

US Government Contract Win

25/06/2007 8:01am

UK Regulatory


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

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