ASX-listed telecommunications vendor, NewSat has signed a partnership agreement with Linowave Solutions of Dubai to work together to market satellite-based telecommunications services throughout the Middle East and Europe.
The deal could net NewSat around $1,000,000 in revenue over five years plus scope for upside contingent on successful selling of services in the region as a result of the new partnership.
The deal was signed in Melbourne last week by Louay Sakka, vice President of engineering for Linowave and Mike Kenneally, vice president of sales for NewSat Limited.
According to Adrian Ballintine, CEO of NewSat Limited Linowave brings development and technical skills, local customer support and maintenance to the partnership while NewSat’s satellite expertise and technical infrastructure complements the agreement.
Both parties have agreed to synergistically and aggressively market the new services in the target markets particularly in the Middle East, North Africa and West Asia, he said.
“The deal is typical of arrangements NewSat is developing with others leaders in the telco industries. NewSat is also working on other projects with other industry leaders such as Verizon, NextGen, and Soul to offer clients complete and flexible technical solutions in telecommunications,” he said.
According to Ballintine, the deal builds on the existing partnership between Linowave and NewSat to develop fourth generation telecommunications solutions together, especially in the satellite services segment.
Linowave is headquartered in Dubai and has offices in Toronto, London, Doha, Jeddah
NewSat provides a full range of managed communication services, TT&C and carrier monitoring from its teleports in Perth and Adelaide to Australia/Oceania, Asia, the Middle East and Africa
In addition, NewSat operates multiple Broadband IP Services based on technologies developed by ViaSat, Gilat, Hughes, Comtech and iDirect.
NewSat has potential to net $1M revenue with new deal
By Lilia Guan on Jul 9, 2007 12:41PM