27 Apr 2021 10:20
Global Invacom Group Limited("Global Invacom", the "Company" or the "Group")
Response to Questions Received from a Shareholder
in Relation to the Annual General Meeting
Singapore/London, 27 April 2021 - The Board of Directors (the "Board") of Global Invacom would like to provide the following information in response to questions raised by a shareholder in relation to the Company's Annual General Meeting for the financial year ended 31 December 2020:
Question 1:
Is the Group contributing to the Starlink project in some form?
Company's Response:
We prefer not to comment on specific projects generally as they typically relate to product development and are subject to confidentiality. However, any material news regarding any and all projects will be announced in the normal manner.
Question 2:
Are manufacturing operations back at full capacity since COVID-19 struck?
Company's Response:
After initial COVID-19 lockdowns in many countries, we are largely back to work in our factories and design centres. We are however not working at full capacity in our factories as there is a worldwide shortage of electronic components (mainly semiconductors) castings, printed circuit boards, transport (shipping and trucks) and labour (given that some governments are funding employees to stay at home).
Question 3:
Are there any future growth areas aside from DOS and DTH that may be promising for the Company?
Company's Response:
There is so much going on in Space industry-related technology at the moment. As a result, we find ourselves constantly appraising new opportunities that build on our core competencies.
For further information, please contact:
Global Invacom Group Limited | www.globalinvacom.com |
Tony Taylor, Executive Chairman
| via Vigo Communications |
Strand Hanson Limited (Nominated Adviser and Broker) | www.strandhanson.co.uk |
James Harris / Rob Patrick / Ned Foulkes | Tel: +44 20 7409 3494
|
Vigo Communications (Media & Investor Relations) | www.vigocomms.com |
Jeremy Garcia / Charlie Neish | Tel: +44 20 7390 0238 |
ginv@vigocomms.com |
About Global Invacom Group Limited
Global Invacom is a fully integrated satellite equipment provider with sites across Singapore, China, Indonesia, Philippines, Malaysia, Israel, UK and the US. Its customers include satellite broadcasters such as Sky Group 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 satellite ground equipment including antennas, LNB receivers, transceivers, fibre distribution equipment, transmitters, switches, and video distribution components, as well as manufacturing services for the defence and healthcare sectors. The Group is 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.