Newsat Limited
ASX:NWT ISIN:AU000000NWT0
Utilising the latest generation satellite and VSAT technology, NewSat offers end-toend, affordable, high-speed, two-way satellite broadband communication services, products and solutions to broadcasters, cable programmers, news agencies, telecommunication carriers, Internet service providers, corporations, governments and distance-learning networks. In addition, NewSat Networks operates multiple Broadband IP Services based on technologies developed by ViaSat, Gilat, Hughes, Comtech and iDirect.
Services are available on a wide range of satellites accessible from the Perth and Adelaide facilities. Antenna sizes ranging from 3.7 to 13m are available in addition to all the necessary RF and conversion equipment. Customers may co-locate equipment in these facilities, or NewSat can provide an end-to-end service.
News
During the first quarter of the 2010 financial year, NewSat Limited (ASX:NWT)(OTC:NWTLY) made several announcements documenting new contracts won and the performance by the sales team against the quarterly quota. With the books closed on the first quarter, the company reports on the financial progress.
NewSat Limited (ASX:NWT) Response to EWC's Corrective Announcement - EWC Payments Pty Ltd (EWC) yesterday released an announcement which corrected misleading statements made by EWC in earlier announcements dated 3 September 2009. In particular, EWC has now substantially reduced its claimed revenue and profit for the 2007 and 2008 calendar years.
NewSat Limited (ASX:NWT)(OTC:NWTLY) strong growth and quarterly success continues as the company announces it has overachieved aggressive first quarter sales targets. In a period when corporate Australia is struggling in the wake of the Global Financial Crisis, NewSat has gone from strength-to-strength in continuing to present an increase in quarterly results.
NewSat Limited (ASX:NWT)(OTC:NWTLY) has this morning received a letter dated 3 September 2009 from EWC Payments Pty Ltd, a copy of which was copied to ASX. This letter advises of a formal off-market scrip for scrip takeover offer to be made by that company for 100% of the shares of NewSat Ltd.
As a further update to the ASX, NewSat Limited (ASX:NWT)(OTC:NWTLY) today announced several new business contracts that were signed during the months of July and August. These new contracts have enabled continued new business growth, which has totalled A$3.5 million so far this financial year.
NewSat Limited (ASX:NWT)(PINK:NWTLY) this month celebrated 10 years as a listed company and today announced several significant initiatives as the Company moves to its next phase of development. Highlights include; new chairman of the board, the appointment of Lazard as its strategic advisor and a trading update.
As part of NewSat Limited's (ASX:NWT)(PINK:NWTLY) continuous disclosure obligations, the company advises the market of the following new developments The company has signed a 53 month contract to provide satellite communications out of the Adelaide Earth Station on a significant Liquefied Natural Gas (LNG) project. The committed contract value is over A$2 million for the term.
As part of NewSat Limited's (ASX:NWT)(PINK:NWTLY) continuous disclosure obligations, directors wish to advise shareholders of the company's ongoing progress. NewSat's growth over the past 12 months has been the strongest of any period in the history of the company.
NewSat Limited (ASX:NWT)(PINK:NWTLY) In response to many queries from shareholders on the subject of NBN, and following the release of Government policy, NewSat wishes to update all shareholders and the market of our position in relation to our plans to launch a satellite In November 2007, we announced our intentions to seriously pursue the opportunity to launch Australia's first non-government/non-foreign owned, predominantly Ka band geostationary satellite.
NewSat Limited (ASX:NWT)(PINK:NWTLY) has delivered another strong quarter for the period ending 31st March '09 with an increase in revenue of approximately 40% over the corresponding period last year, and exceeding this year's ambitious targets.
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