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Norsat Enters Into First Maritime Service Agreement In Europe
Vancouver, Canada (SPX) May 19, 2009 Norsat International has announced that it has been selected by the Minister of Agriculture of Italy to manage the satellite based vessel monitoring system (VMS), also known as Blue Box. This is Norsat's initial entry into the maritime satellite space. The Blue Box program is critical for the Minister of Agriculture of Italy to ensure Italian fishing vessels are complying with international fishing boundaries. By using satellite communications, the location of each vessel is constantly updated and monitored by the Coast Guard of Italy. The program encompasses all Italian fishing vessels greater than 15 meters in length and provides Norsat the opportunity to service up to 2900 vessels. The potential revenue from individual annual subscription renewals is in excess of two million US dollars. "We are very pleased to have been selected to manage a national vessel monitoring system as part of a government program. This allows us to push into a new market vertical - maritime communications - and provides for the recurring revenue streams we are seeking," said Dr. Amiee Chan, president and CEO of Norsat International Inc. "It is exciting to note that we have already secured three hundred thousand dollars worth of contracts in this period of time. It is also important to point out that the same technology Share This Article With Planet Earth
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Astrium To Build Atlantic Bird 7Paris, France, (SPX) May 15, 2009 Eutelsat Communications, one of the world's leading satellite operators, announced today that it has selected Astrium to deliver its new satellite for 7 degrees West called Atlantic Bird 7. Scheduled for launch in 4th quarter 2011, the satellite will be located at a key neighbourhood for digital broadcasting markets in the Middle East and North Africa, which Eutelsat operates in close coll ... read more |
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