7 May 2019 07:00
Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
Global Invacom Secures New Contracts for Direct-To-Home Satellite Outdoor Units
Contracts Worth US$6 Million with major Asian Satellite Service Provider
Singapore/London, 7 May 2019 - Global Invacom (SGX: QS9) (AIM: GINV) (the "Group"), a global provider of satellite communications equipment, is pleased to announce that its wholly owned Malaysian subsidiary, Global Invacom Sdn. Bhd. ("GISB"), has secured new contracts worth US$6 million to supply Direct-to-Home Satellite Outdoor Units to a major Asian Satellite Service Provider (the "Service Provider").
GISB will supply state-of-the-art equipment to enhance the infrastructure used to transmit high-definition satellite television for the Service Provider's subscribers throughout the entire territory covered by the service. The first contract is for equipment similar to that supplied by the Group previously, while the second is for equipment that had been previously supplied by the Group's only other competitor.
These contracts reflect the confidence and trust that customers put in Global Invacom's products and technical capabilities.
Both contracts will run for 24 months between the Group and the Service Provider with whom the Group secured its first contract in December 2012.
The two contracts are expected to contribute to the Group's financial performance for the financial year ending 31 December 2019.
Tony Taylor, Executive Chairman of Global Invacom, commented: "These contract wins underscore our partner's continued faith in our services and products. We value the strong relationship built up over the years with such a large Asian broadcaster. Global Invacom will continue to seek out similar opportunities to drive growth and enhance value for our shareholders."
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 Broker) | www.finncap.com |
Christopher Raggett / Matthew Radley (Corporate Finance) | Tel: +44 207 220 0500 |
Mirabaud Securities LLP (Joint Broker) | www.mirabaud.com |
Peter Krens (Equity Capital Markets) | Tel: +44 207 878 3362 |
WeR1 Consultants Pte Ltd (Singapore Investor Relations) | www.wer1.net |
Jordan Teo / Ryan del Agua | Tel: +65 6737 4844 |
ginv@wer1.net | |
Vigo Communications (UK Media & Investor Relations) | www.vigocomms.com |
Jeremy Garcia / Fiona Henson / Charlie Neish | Tel: +44 207 390 0238 |
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, UK and the US. Its customers include satellite broadcasters such as BSkyB of the UK and Dish Network of the USA and Data over Satellite providers including Hughes Network Systems, Viasat and Gilat Satellite Networks.
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.
For more information, please refer to www.globalinvacom.com