19 Oct 2016 10:15
Global Invacom Group Limited
Global Invacom Receives Approval for DCSS Generation LNB from Leading U.S. Equipment Provider
London, 19 October 2016 - 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 it has received approval for the supply of its new generation of Low Noise Block ("LNB") products from its largest customer ("the Customer"), a leading satellite equipment provider in the U.S.
The Group received formal approval from the Customer for the Eastern Arc Twin Generation 2 Hybrid ("EA Twin GenII"), which uses Digital Channel Stacking ("DCSS") technology. The EA Twin GenII is used within a 16-tuner system, which enables a simpler installation with less cabling than other systems. Global Invacom is one of two suppliers for this new generation of product to this customer.
The approval marks a significant achievement for the Group which has reported on its continued investment in the new generation LNB since 2014 and confirms Global Invacom as a leading supplier of the latest Sat Comms technology. The Group expects to deploy the DCSS technology across its range of new LNBs, benfitting those currently in design or awaiting approval, for other customers and territories.
Delivery of the new product will commence in November 2016.
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
**End of Press Release**
For media queries, please contact
Matthew Garner
Chief Financial Officer
Global Invacom Group Limited
8 Temasek Boulevard #20-03 Suntec Tower Three Singapore 038988 +65 6884 3423 | Freeman House John Roberts Business Park Canterbury CT5 3BJ +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 / Lucy Stewart
+44 203203 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 seven 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 Skyware Global, 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