London, United Kingdom
London, United Kingdom

Inmarsat plc is a British satellite telecommunications company, offering global mobile services. It provides telephone and data services to users worldwide, via portable or mobile terminals which communicate to ground stations through eleven geostationary telecommunications satellites. Inmarsat's network provides communications services to a range of governments, aid agencies, media outlets and businesses with a need to communicate in remote regions or where there is no reliable terrestrial network. The company is listed on the London Stock Exchange, is a constituent of the FTSE 250 Index as of December 2011 and a financial sponsor of Télécoms Sans Frontières. Wikipedia.


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News Article | May 12, 2017
Site: co.newswire.com

The Thuraya WE is the world's first all-in-one dual mode satellite and LTE portable Wi-Fi Hotspot Beam Communications Pty Ltd (Beam), a wholly owned subsidiary of World Reach Limited (ASX: WWR), has designed, developed and manufactured the world’s first Satellite and LTE Wi-Fi hotspot product under an OEM arrangement with Thuraya Telecommunications Company of Dubai (Thuraya). Thuraya publicly launched the innovative new terminal, known as the Thuraya WE, at the 2017 Thuraya Partner Conference in Dubai in April. The product is the world’s first all-in-one dual mode Satellite and LTE portable Wi-Fi Hotspot. The terminal will enable users to access satellite internet at speeds up to 384kbps, as well as LTE speeds in the Megabits per second when used in Cellular LTE mode, which is auto-selected by the terminal when that service is available. “This is an exciting new product, the first Hotspot to offer the embedded dual mode functionality, and it’s a demonstration of Beam’s continuous focus on innovation,” said Michael Capocchi, President of Beam. Beam also developed a dedicated Thuraya WE App, for both iOS and Android devices that will enable simple and easy access to worldwide voice calls and SMS services, along with the use of all applications on a smartphone, tablet or desktop. This includes full support of services such as i-message®, Skype®, WhatsApp®, Viber®, YouTube, WeChat®, email services and any other internet-accessible content for up to 10 users simultaneously via a simple Wi-Fi connection. The terminal will also facilitate seamless roaming by Thuraya customers, from satellite to terrestrial LTE services via either a Thuraya SIM card or a standard GSM SIM card, enabling users to utilize the best option available. Thuraya has agreements with more than 395 GSM cellular roaming partners, particularly in the Middle East, Europe, Asia, Africa and Australia, that enable roaming from the cellular service across to the satellite service on the same SIM card. This will optimize the appeal of the Thuraya WE Hotspot, and early indications of likely demand have been very encouraging. “The timely delivery of the Thuraya WE is a great achievement and demonstrates Beam’s focus on technology development while fulfilling the growing needs of major satellite operators and customers,” said Davide Carpegna, VP of Product and Business Development at Beam. Beam will release early units for demonstrations and marketing activities soon, with the Thuraya WE commercial units available from Thuraya in the second half of 2017. Beam Communications Pty Ltd is a wholly owned subsidiary of World Reach Limited (ASX:WRR). Beam Communications designs, manufactures and distributes a wide range of Thuraya, Iridium & Inmarsat Satellite voice, data, tracking terminals and accessories for the global telecommunications market. Beam is a strategic partner to three of the four major Mobile Satellite Service operators and has an extensive global network of partner's reselling solutions that are deployed into a wide range of vertical markets including Maritime, Transport, Government, Defence, Mining, Global Traveler, Construction, Forestry, Emergency Services, Relief Aid, Telemetry and Rural Telephony. For more information, visit www.beamcommunications.com Thuraya Telecommunications Company is an industry-leading MSS operator and a global telecommunication provider offering innovative communications solutions to a variety of sectors including energy, broadcast media, maritime, military and humanitarian NGO. Thuraya’s superior network enables clear communications and uninterrupted coverage across two-thirds of the globe by satellite and across the whole planet through its unique GSM roaming capabilities. The company’s diverse range of technologically superior and highly reliable mobile satellite handsets and broadband devices provides ease of use, value, quality and efficiency. Thuraya remains committed to serving humanity through delivery of the essential tools for optimal connectivity, never leaving anyone out of reach. For more information, visit www.thuraya.com World Reach Limited is an Australian publicly listed company (ASX:WRR) with strategic ownership of companies involved in the design, manufacture and distribution of equipment, applications and services for the global needs of Information Communication & Technology markets. For more information, visit www.worldreach.com.au


News Article | May 12, 2017
Site: marketersmedia.com

The Thuraya WE is the world's first all-in-one dual mode satellite and LTE portable Wi-Fi Hotspot MELBOURNE, AUSTRALIA / ACCESSWIRE / May 12, 2017 / Beam Communications Pty Ltd (Beam), a wholly owned subsidiary of World Reach Limited (ASX: WWR), has designed, developed and manufactured the world's first Satellite and LTE Wi-Fi hotspot product under an OEM arrangement with Thuraya Telecommunications Company of Dubai (Thuraya). Thuraya publicly launched the innovative new terminal, known as the Thuraya WE, at the 2017 Thuraya Partner Conference in Dubai in April. The product is the world's first all-in-one dual mode Satellite and LTE portable Wi-Fi Hotspot. The terminal will enable users to access satellite internet at speeds up to 384kbps, as well as LTE speeds in the Megabits per second when used in Cellular LTE mode, which is auto-selected by the terminal when that service is available. "This is an exciting new product, the first Hotspot to offer the embedded dual mode functionality, and it's a demonstration of Beam's continuous focus on innovation," said Michael Capocchi, President of Beam. Beam also developed a dedicated Thuraya WE App, for both iOS and Android devices that will enable simple and easy access to worldwide voice calls and SMS services, along with the use of all applications on a smartphone, tablet or desktop. This includes full support of services such as i-message®, Skype®, WhatsApp®, Viber®, YouTube, WeChat®, email services and any other internet-accessible content for up to 10 users simultaneously via a simple Wi-Fi connection. The terminal will also facilitate seamless roaming by Thuraya customers, from satellite to terrestrial LTE services via either a Thuraya SIM card or a standard GSM SIM card, enabling users to utilize the best option available. Thuraya has agreements with more than 395 GSM cellular roaming partners, particularly in the Middle East, Europe, Asia, Africa and Australia, that enable roaming from the cellular service across to the satellite service on the same SIM card. This will optimize the appeal of the Thuraya WE Hotspot, and early indications of likely demand have been very encouraging. "The timely delivery of the Thuraya WE is a great achievement and demonstrates Beam's focus on technology development while fulfilling the growing needs of major satellite operators and customers," said Davide Carpegna, VP of Product and Business Development at Beam. Beam will release early units for demonstrations and marketing activities soon, with the Thuraya WE commercial units available from Thuraya in the second half of 2017. Beam Communications Pty Ltd is a wholly owned subsidiary of World Reach Limited (ASX:WRR). Beam Communications designs, manufactures and distributes a wide range of Thuraya, Iridium & Inmarsat Satellite voice, data, tracking terminals and accessories for the global telecommunications market. Beam is a strategic partner to three of the four major Mobile Satellite Service operators and has an extensive global network of partner's reselling solutions that are deployed into a wide range of vertical markets including Maritime, Transport, Government, Defence, Mining, Global Traveler, Construction, Forestry, Emergency Services, Relief Aid, Telemetry and Rural Telephony. For more information, visit www.beamcommunications.com. Thuraya Telecommunications Company is an industry-leading MSS operator and a global telecommunication provider offering innovative communications solutions to a variety of sectors including energy, broadcast media, maritime, military and humanitarian NGO. Thuraya's superior network enables clear communications and uninterrupted coverage across two-thirds of the globe by satellite and across the whole planet through its unique GSM roaming capabilities. The company's diverse range of technologically superior and highly reliable mobile satellite handsets and broadband devices provides ease of use, value, quality and efficiency. Thuraya remains committed to serving humanity through delivery of the essential tools for optimal connectivity, never leaving anyone out of reach. For more information, visit www.thuraya.com. World Reach Limited is an Australian publicly listed company (ASX:WRR) with strategic ownership of companies involved in the design, manufacture and distribution of equipment, applications and services for the global needs of Information Communication & Technology markets. For more information, visit www.worldreach.com.au. The Thuraya WE is the world's first all-in-one dual mode satellite and LTE portable Wi-Fi Hotspot MELBOURNE, AUSTRALIA / ACCESSWIRE / May 12, 2017 / Beam Communications Pty Ltd (Beam), a wholly owned subsidiary of World Reach Limited (ASX: WWR), has designed, developed and manufactured the world's first Satellite and LTE Wi-Fi hotspot product under an OEM arrangement with Thuraya Telecommunications Company of Dubai (Thuraya). Thuraya publicly launched the innovative new terminal, known as the Thuraya WE, at the 2017 Thuraya Partner Conference in Dubai in April. The product is the world's first all-in-one dual mode Satellite and LTE portable Wi-Fi Hotspot. The terminal will enable users to access satellite internet at speeds up to 384kbps, as well as LTE speeds in the Megabits per second when used in Cellular LTE mode, which is auto-selected by the terminal when that service is available. "This is an exciting new product, the first Hotspot to offer the embedded dual mode functionality, and it's a demonstration of Beam's continuous focus on innovation," said Michael Capocchi, President of Beam. Beam also developed a dedicated Thuraya WE App, for both iOS and Android devices that will enable simple and easy access to worldwide voice calls and SMS services, along with the use of all applications on a smartphone, tablet or desktop. This includes full support of services such as i-message®, Skype®, WhatsApp®, Viber®, YouTube, WeChat®, email services and any other internet-accessible content for up to 10 users simultaneously via a simple Wi-Fi connection. The terminal will also facilitate seamless roaming by Thuraya customers, from satellite to terrestrial LTE services via either a Thuraya SIM card or a standard GSM SIM card, enabling users to utilize the best option available. Thuraya has agreements with more than 395 GSM cellular roaming partners, particularly in the Middle East, Europe, Asia, Africa and Australia, that enable roaming from the cellular service across to the satellite service on the same SIM card. This will optimize the appeal of the Thuraya WE Hotspot, and early indications of likely demand have been very encouraging. "The timely delivery of the Thuraya WE is a great achievement and demonstrates Beam's focus on technology development while fulfilling the growing needs of major satellite operators and customers," said Davide Carpegna, VP of Product and Business Development at Beam. Beam will release early units for demonstrations and marketing activities soon, with the Thuraya WE commercial units available from Thuraya in the second half of 2017. Beam Communications Pty Ltd is a wholly owned subsidiary of World Reach Limited (ASX:WRR). Beam Communications designs, manufactures and distributes a wide range of Thuraya, Iridium & Inmarsat Satellite voice, data, tracking terminals and accessories for the global telecommunications market. Beam is a strategic partner to three of the four major Mobile Satellite Service operators and has an extensive global network of partner's reselling solutions that are deployed into a wide range of vertical markets including Maritime, Transport, Government, Defence, Mining, Global Traveler, Construction, Forestry, Emergency Services, Relief Aid, Telemetry and Rural Telephony. For more information, visit www.beamcommunications.com. Thuraya Telecommunications Company is an industry-leading MSS operator and a global telecommunication provider offering innovative communications solutions to a variety of sectors including energy, broadcast media, maritime, military and humanitarian NGO. Thuraya's superior network enables clear communications and uninterrupted coverage across two-thirds of the globe by satellite and across the whole planet through its unique GSM roaming capabilities. The company's diverse range of technologically superior and highly reliable mobile satellite handsets and broadband devices provides ease of use, value, quality and efficiency. Thuraya remains committed to serving humanity through delivery of the essential tools for optimal connectivity, never leaving anyone out of reach. For more information, visit www.thuraya.com. World Reach Limited is an Australian publicly listed company (ASX:WRR) with strategic ownership of companies involved in the design, manufacture and distribution of equipment, applications and services for the global needs of Information Communication & Technology markets. For more information, visit www.worldreach.com.au.


News Article | May 11, 2017
Site: www.prnewswire.com

The IMC plans to promote the finished RFPs among its 20,000 thousand rank-and-file members – mostly enterprise users and OEMs – as well as outside of its membership. The IMC has posted outline documents on its wiki (www.imcrfps.wikispaces.com), and information is also available at its website. Development of final documents is expected to take place over the next month, with validation of participating vendors to begin shortly thereafter. Publication of the final RFPs, complete with integrated lists of validated vendors, is expected in September. "The concept is to bring buyers and sellers of IoT solutions together with a common language and expectations. We feel that software platforms are a great place to start, given the state of the market, but we don't intend to stop there. We expect to begin work on RFP sets for connectivity services in the fall, followed quickly by various categories of hardware, integration services, and more," says Young. About IoT M2M Council (IMC) The London-based IMC is the largest and fastest-growing trade group dedicated to the global IoT/M2M sector – with over  20,000 members joining since February of 2014. Board Member-Companies include Aeris, Digi International, HPE, Ingenu, Inmarsat, Intel, KORE, MultiTech, ORBCOMM, PTC, Re-Teck, Semtech, SIGFOX, Telit, u-blox, Verizon, Vodafone, and Wipro. For more information, visit www.iotm2mcouncil.org. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/iot-open-source-project-crafts-software-rfps-validates-vendors-300455769.html


SYDNEY--(BUSINESS WIRE)--Speedcast International Limited (ASX: SDA), the world’s most trusted provider of highly reliable, fully managed, remote communication and IT solutions, today announced it has signed an agreement with leading government satellite connectivity provider COMSAT to establish a common global service offering of Ku-band very small aperture terminal (VSAT) services for the government and maritime markets. The combined network will leverage Speedcast’s greater than 8 GHz of global satellite capacity and COMSAT’s security-cleared teleports in the United States to deliver a robust, secure network for customers needing advanced, resilient connectivity for critical operations. “The opportunity for collaboration with COMSAT fits very well with Speedcast’s commitment to delivering robust, reliable, secure global communications solutions to government and military customers, no matter where operations take them,” said PJ Beylier, CEO, Speedcast. “COMSAT’s experience in the government segment combined with our unmatched capacity, global network and customer support enable us to offer highly reliable and secure solutions to our customers.” COMSAT will provide teleport and hosting services at their owned teleports in various U.S. sites, as well as hands-on technical and engineering assistance to help interconnect and migrate network segments. Through over 50 years of serving government customers requiring critical communications, COMSAT brings expertise in solution development, architecture design and service delivery support. “COMSAT has always been at the forefront of satcoms technology, innovating to provide enhanced services and support for our customers’ benefit,” said David Greenhill, president, COMSAT. “We recognize the same passion in the Speedcast team. This collaboration will allow us to mutually broaden our markets and better serve our customers.” Through this partnership, government customers will have access to the largest private iDirect Bandwidth network accessed from teleports and terrestrial nodes in NATO/Five Eyes nations. Support staff and facilities are Information Assurance (IA) certified and cleared, ensuring necessary security for government furnished equipment (GFE) baseband. Commercial customers will benefit from the cost and operational efficiencies of highly scalable service plans and access to the world’s largest iDirect network, combined with superior customer support and network security measures. With a direct lineage from the COMSAT organization created by the Communications Satellite Act of 1962, COMSAT has played an important role in the SATCOM industry from its inception to present day. Some of COMSAT’s key milestones include being a founding member of Intelsat operating the Marisat fleet network that provided the first mobile satellite communications services to the United States Navy. COMSAT also founded Inmarsat’s initial operating system from the company’s two earth stations. COMSAT delivers a full portfolio of satellite solutions in C-Band, Ku-Band, Ka-Band, X-Band and Ultra High Frequency (UHF) as well as Inmarsat, Thuraya and Iridium services to U.S. civilian and military agencies for their most critical missions. Headquartered in Herndon, Virginia, COMSAT is a trusted leader in the design and delivery of customized, secure, managed end-to-end (ME2E) satellite services for aeronautical, land, and maritime service environments. http://www.comsat.com/ Speedcast International Ltd (ASX: SDA) is the world’s most trusted provider of highly reliable, fully managed, end-to-end remote communication and IT solutions. The company utilizes an extensive worldwide footprint of local support, infrastructure and coverage to design, integrate, secure and optimize networks tailored to customer needs. With differentiated technology, an intense customer focus and a strong safety culture, Speedcast serves more than 2,000 customers in over 140 countries via 39 teleports, including offshore rigs and cruise ships, 10,000+ maritime vessels and 4,500+ terrestrial sites. Speedcast supports mission-critical applications in industries such as maritime, oil and gas, enterprise, media, cruise and government. Learn more at www.speedcast.com. Speedcast® is a trademark and registered trademark of Speedcast International Limited. All other brand names, product names, or trademarks belong to their respective owners. © 2017 Speedcast International Limited. All rights reserved.


News Article | May 23, 2017
Site: news.europawire.eu

Advanced global, high-speed inflight broadband service for business jets is now offered by Bombardier, Dassault, Embraer and Gulfstream to customers worldwide LONDON, 23-May-2017 — /EuropaWire/ — Inmarsat today announced a significant milestone for its Jet ConneX inflight broadband service, with four of the business aviation industry’s major private jet manufacturers now offering the next-generation solution to customers as a linefit option. Inmarsat achieved the power of four with the confirmation that Jet ConneX is now available as linefit on Dassault Falcon business jets and will also be linefit on Embraer Lineage 1000E executive jets from early 2018. Jet ConneX is already the preferred linefit option on Gulfstream and Bombardier aircraft. All four companies are connecting their aircraft to the Jet ConneX service using exclusive JetWave hardware produced by Inmarsat partner Honeywell. Jet ConneX is the only global, high-speed Wi-Fi option available for business jets today. It offers the same fast and reliable connectivity in the air that has previously only been available on the ground. Using Inmarsat’s advanced Ka-band satellite network, Jet ConneX offers data plans up to 15Mbps and consistent global coverage across 100 percent of major airline routes, providing a differentiator to do business wherever and whenever. Inmarsat designs, owns and operates its own satellite capacity, ensuring that high quality capacity is added ahead of demand; most recently through the launch of its fourth Ka-band satellite with SpaceX last week. Kurt Weidemeyer, Inmarsat’s Vice President of Business and General Aviation, said: “Inmarsat continues to see overwhelming demand for Jet ConneX, reinforcing our status as the number one connectivity provider to business aviation customers worldwide. We couldn’t be prouder to confirm Dassault and Embraer alongside Gulfstream and Bombardier as the latest of the big four private jet manufacturers to start linefit of Jet ConneX.” He continued: “Inmarsat has long led the way in connectivity for business jets. SwiftBroadband was the best in class when it was launched and Jet ConneX is a stellar upgrade. Reaching this milestone is testament to our strategy of listening and responding to what business aviation customers want. It’s also a great endorsement in our service from manufacturers. We look forward to continuing to build on this strategy and success in the coming months and years.” Warren Nechtman, Vice President of Connectivity Equipment, Honeywell Aerospace, said: “Business jet operators expect to have the same experience with in-flight Wi-Fi as they do at home or in the office and that is why four business jet manufacturers have selected JetWave and Jet ConneX for their customers. Together, Honeywell and Inmarsat are improving productivity, entertainment and comfort for business aviation with truly global, high-speed connectivity.” About Inmarsat Inmarsat plc is the leading provider of global mobile satellite communications services. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. Inmarsat operates around the world, with a presence in the major ports and centres of commerce on every continent. Inmarsat is listed on the London Stock Exchange (ISAT.L). The Inmarsat press release newsfeed and corporate updates are on @InmarsatGlobal.


News Article | May 8, 2017
Site: www.prnewswire.com

·         The oilfield communications market size is estimated to grow from USD 3.05 billion in 2017 to USD 4.46 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.9%. ·         Integration of departments in the oil and gas industry and increasing significance of cyber security are some of the driving factors of the oilfield communications market. ·         The M2M communication solution market is expected to be the fastest growing market in the oilfield communication market during the forecast period. ·         M2M communication solution is the fastest growing market that helps in driving the oilfield communications market during the forecast period. ·         On the basis of communication network technology, VSAT communication network is expected to hold the largest market share in the oilfield communications market during the forecast period. "Increase in integration of departments in the oil and gas industry is driving the oilfield communications market" The oilfield communications market size is estimated to grow from USD 3.05 billion in 2017 to USD 4.46 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.9%. Integration of departments in the oil and gas industry and increasing significance of cyber security are some of the driving factors of the oilfield communications market. However, stringent regulatory norms and perceived risk for inadequate data security, asset security, monitoring, and maintenance are some of the restraining factors that may hamper business critical functions in the oilfield communications market. "The M2M communication solution market is expected to be the fastest growing market in the oilfield communication market during the forecast period" M2M communication solution is the fastest growing market that helps in driving the oilfield communications market during the forecast period. This solution allows quick exchange of information without any data loss and also manages large volumes of data produced, transmitted, and stored in the digital oilfield environment. The fleet management communication solution is expected to hold the largest market share in the oilfield communications market during the forecast period. "On the basis of communication network technology, VSAT communication network is expected to hold the largest market share in the oilfield communications market during the forecast period" The VSAT communication network is expected to have the largest market share during the forecast period because of its ability to sustain in a harsh environment, cost-effectiveness, flexibility, high network performance, and large data broadcast capability. In VSAT communication network type, fixed VSAT network is expected to have the largest market share in the oilfield communications market during the forecast period. "Middle East & Africa (MEA) is expected to grow at the highest rate during the forecast period" With the development and discovery of new subsea oilfields, MEA is expected to grow at the highest CAGR during the forecast period, whereas, North America is expected to hold the largest market share in the oilfield communications market during the forecast period. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The breakup of profiles of primary participants is given below: - By Company: Tier 1: 27%, Tier 2: 28%, and Tier 3: 45% - By Designation: C level: 28%, Director level: 30%, and Others: 42% - By Region: North America: 38%, Europe :32%, and APAC: 30% The various key vendors profiled in the report are as follows: 1. Huawei Technologies Co. Ltd. 2. Siemens AG 3. SpeedCast International Limited 4. ABB Ltd. 5. CommScope 6. Inmarsat Plc 7. Tait Communications 8. Baker Hughes Incorporated 9. Alcatel-Lucent S.A. 10. Ceragon Networks Ltd. 11. RAD Data Communications, Inc. 12. RigNet Incorporated 13. Hughes Network Systems 14. Airspan Networks 15. Commtel Networks, Inc. Research Coverage The oilfield communication market has been segmented on the basis of solutions, communication network technologies, field sites, services, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overview, products and services, key strategies, new product launches, partnerships, agreements, collaborations, expansions, and competitive landscape associated with the oilfield communications market. Reasons to Buy the Report The report will help the market leaders/new entrants in this market in the following ways: - This report segments the oilfield communications market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different regions. - The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. - This report will help stakeholders to better understand the competitors and gain more insights to improve their position in the business. The competitive landscape section includes competitive ecosystem, new product developments, partnerships, and mergers & acquisitions. Read the full report: http://www.reportlinker.com/p04880609/Oilfield-Communications-Market-by-Solution-Communication-Network-Technology-Field-Site-Service-and-Region-Global-Forecast-to.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/oilfield-communications-market-is-expected-to-grow-to-usd-446-billion-by-2022-300453097.html


Amsterdam, 4 May 2017 — Castor Marine, the Netherlands based maritime communications and IT services provider, announces today that it has been awarded a multi-year contract with Wagenborg Shipping. The contract covers the delivery of 40+ new VSAT systems with satellite Internet based on Castor’s global VSAT network, Inmarsat Fleetbroadband as back-up for the VSAT service and IT support for the vessel LAN infrastructure. Castor Marine will provide an end-to-end solution including installation and onboard support worldwide. This setup enables Wagenborg Shipping to enhance crew welfare and ship to shore connectivity using Castor’s global Ku-band footprint. Theo Klimp, Fleet Director at Wagenborg Shipping, said: “Increasing business and crew demand for fast and reliable internet requires an integrated IT and communication solution from a proven satellite service provider. Castor Marine is not only a satellite network operator with its own teleport facilities, but also understands and supports our IT infrastructure onboard. They are able to provide a full end-to-end solution including hardware lease, VSAT bandwidth, Inmarsat Fleetbroadband airtime and installation and support. We found in Castor Marine a partner that has, and can further develop, services to support our IT requirements over time. Castor Marine has installed VSAT systems on 9 vessels already, and our crew members are very satisfied.” Ivo Veldkamp, CEO of Castor Marine, concluded: “We are honored that Wagenborg Shipping places their trust in us. This deal also underlines our unique selling points for the maritime market: Castor Marine not only offers highly reliable maritime Ku-band services as a network operator, but also designs and support the IT infrastructure to meet the needs of business and crew welfare applications of the most demanding customers, such as Wagenborg Shipping.” Note for editor For more information, you can contact: Jeanette Barbier, +31 88 646 0100 or jeannette.barbier@castormarine.com. About Castor Marine Castor Marine is a specialized maritime communication and IT service provider serving Superyachts, Offshore and Commercial vessels. Castor Marine provides maritime VSAT, Iridium Openport, Inmarsat Fleetbroadband, 3G/4G data services and a suite of value added services such as Telephony, Crew Calling and fully integrated IT solutions on board. All maritime communications solutions are backed by strong 24/7 NOC support, on-board installation and support capabilities. Castor Marine is a division of Castor Networks a leading global VSAT network operator and Teleport operator. As owner operator of both the teleport and VSAT platforms Castor Marine can truly guarantee its service levels and provide excellent support to its customers. For more information, visit http://www.castormarine.com


News Article | April 24, 2017
Site: www.prnewswire.com

'Prospects for Maritime Satellite Communications' provides an in-depth view of the sector dynamics, analysis and forecasts for the maritime satcom market. Five comprehensive sections give a detailed analysis of trends and prospects within the major addressable maritime market segments. In 2015 the global maritime satellite communications market reached close to 338,000 terminals, $953 million in revenue at the satellite operator level and $1.7 billion in revenue at the service provider level. The value of the maritime satcom market will continue to grow over the next decade, with a CAGR of 5% in terminals and revenue over the 10-year period. Ever-increasing data communications needs and the massive launch of new generation High Throughput Satellite (HTS) systems are expected to drive growth. 2016 was an important milestone for maritime satellite communications. It marked the entry into service of HTS satellites with a major maritime focus, with the entry into commercial operation of Inmarsat Global Xpress and Telenor's Thor 7 satellite, in addition to the launch of the first two Epic satellites. A number of additional HTS satellites will be launched in the coming years, with maritime satellite capacity expected to reach 680 Gbps by 2020. This will result in a significant decrease in capacity prices which, along with innovations at the antenna level with the entry into service of flat-panel antennas in 2017, will drive demand for more bandwidth-hungry applications such as big data analytics and video streaming applications. Strategic issues & forecasts: - Maritime satellite infrastructure revenues by technology - MSS terminals by application - VSAT terminals by frequency band - Service providers' revenues - Equipment sales - Satellite transponder usage - Available maritime Ku-band satellite resources Market dynamics & value chain: - Maritime satcom industry value chain - FSS & MSS operators - Maritime VSAT & MSS equipment manufacturers - Impact of international regulatory authorities Addressable maritime market analysis: - Merchant shipping - Fishing - Passenger ships - Leisure vessels - Offshore A must read for: - MSS & FSS satellite operators - Equipment manufacturers - Satellite manufacturers - Service providers - Banks & investors - Government agencies Key Topics Covered: 1. Strategic Issues & Forecasts - The maritime satellite communications market in 2015 - Maritime MSS: The legacy maritime services - Maritime VSAT as a major growth driver - Most of the shipping routes are now covered by satellite capacity - Large number of Ku- and Ka-band capacity will come online - Four types of applications to drive satcom usage in the future - Market forecasts to 2025 - Market forecasts to 2025 - Vertical markets - Market forecasts to 2025 - VSAT capacity demand by region 2. Market Dynamics & Value Chain - The MSS and VSAT competition - Inmarsat as the market leader - The rise of HTS capacityh over maritime regions - Service providers play a key role in the value chain - Maritime VSAT service providers' market share in 2015 - Consolidation in the VSAT market - Equipment manufacturers - Regulations - Regulations acting as both a driver and an inhibitor 3. Merchant Shipping - Adressable market - Emerging countries dominate the market - Regional trends - Different traffic patters for different types of vessels - World merchant vessel traffic - The largest maritime satcom market - Growth drivers - Crew welfare and ship operations - Growth drivers - Regulation and the "Smart Ship" 4. Passenger Ships - Adressable market - Cruise ships - Regulations - Satcom use on passenger ships - Solutions and service providers - Forecasts for the passenger ship market 5. Leisure Vessels - Adressable market - A seasonal market - A highly regional market - The charter market - Extremely demanding customers - Regulations - Market forecasts 6. Offshore Market - Addressable market - Drilling rigs market - Offshore production platforms - Offshore vessels - Satcom usage in the offshore market - Satcom's strong competition from other technologies - Evolution of market consolidation in the offshore market - MSS and VSAT solutions in the offshore market - Market drivers - Forecasts for the offshore market 7. Fishing Market - Addressable market - Industrialized fishing vessels - Regulations - Satcom use in the fishing market - MSS solutions in the fishing market - VSAT solutions in the fishing market - Regulations play a key role in satcom development - Market drivers - Forecasts for the fishing market For more information about this report visit http://www.researchandmarkets.com/research/4sn374/prospects_for To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/market-prospects-for-maritime-satellite-communications-to-2025---research-and-markets-300444056.html


News Article | May 4, 2017
Site: www.businesswire.com

ROCHELLE PARK, N.J.--(BUSINESS WIRE)--ORBCOMM Inc. (NASDAQ:ORBC), a global provider of Internet of Things (IoT) solutions, today announced financial results for the first quarter ended March 31, 2017. The following financial highlights are in thousands of dollars. “Our strong sales pipeline resulted in a fast start to 2017, with a record first quarter despite typically being the softest quarter of the year,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “Leveraging our continued technology innovation with new products and increased leadership in our markets, 2017 is shaping up to be a defining year for ORBCOMM.” “Total Revenues for the first quarter reached a record $51.9 million, with a strong backlog entering the second quarter,” said Robert Costantini, ORBCOMM’s Chief Financial Officer. “We generated $12.4 million of Adjusted EBITDA for the quarter, primarily driven by expanding high incremental margin Service Revenues.” For more information on recent highlights, please visit www.orbcomm.com. For the first quarter ended March 31, 2017, Service Revenues reached a record $29.5 million, up 9.7% over the prior year period. The increase in Service Revenues was from both organic growth and our most recent acquisitions, and benefiting from the OG2 satellite constellation as well a growing subscriber base across multiple lines of business. Product Sales during the first quarter of 2017 were a record $22.4 million compared to $16.6 million during the same period last year, increasing $5.8 million or 34.6%. Product Sales deliveries were higher, reflecting orders from existing customers and large orders from new customers. Total Revenues reached a record $51.9 million for the first quarter ended March 31, 2017 were up $8.4 million or 19.2% compared to $43.6 million during the same period of 2016. Total Cost of Revenues and Operating Expenses for the first quarter of 2017 were $52.3 million compared to $43.7 million in 2016, increasing largely by Cost of Revenues increasing $6.6 million mostly due to higher Product Sales, an increase in Depreciation and Amortization of $2.1 million, and higher Selling, General & Administrative costs of $0.5 million. Operating expenses were flat year-over-year excluding the impact of increased Depreciation and Amortization of $2.1 million. Income (Loss) Before Income Taxes, Net Income (Loss), and Earnings Per Share Income (Loss) Before Income Taxes for the first quarter of 2017 was a ($2.7) million loss, compared to the ($1.9) million loss for the first quarter of 2016. Net Loss attributable to ORBCOMM Inc. Common Stockholders was ($3.3) million for the first quarter of 2017, compared to Net Loss of ($2.1) million for the same period in 2016. Basic EPS was a loss of ($0.05) per share for the first quarter of 2017 versus a loss of ($0.03) per share for the same period last year. EBITDA for the first quarter of 2017 was $10.6 million compared to $8.6 million in the first quarter of 2016, an increase of $2.0 million or 22.9%. Adjusted EBITDA of $12.4 million for the first quarter of 2017 was 15.9% higher than last year’s $10.7 million in the first quarter. Adjusted EBITDA as a percentage of Total Revenues for the quarter was 23.9%, down from 24.6%. EBITDA and Adjusted EBITDA are non-GAAP financial measures used by the Company to measure operating performance and the quality of earnings. Please see the financial tables at the end of the release for a reconciliation of EBITDA and Adjusted EBITDA. At March 31, 2017, Cash and Cash Equivalents totaled approximately $20.0 million, compared to $25.0 million at December 31, 2016, decreasing nearly ($5.1) million, reflecting ($5.6) million for capital expenditures, offset partially by cash flow from operations. ORBCOMM will host a conference call and webcast for the investment community this morning at 8:30 AM ET. Senior management will review the results, discuss ORBCOMM’s business, and address questions. To access the call, domestic participants should dial 1-866-791-6248 at least ten minutes prior to the start of the call. International callers should dial 1-913-312-1383. To hear a live web simulcast or to listen to the archived webcast following completion of the call, please visit the Company’s website at http://investors.orbcomm.com and then select “News & Events” to access the link to the call. To listen to a replay of the conference call, please Click Here. The replay will be available from approximately 1:30 PM ET on May 4, 2017, through 1:30 PM ET on May 18, 2017. ORBCOMM Inc. (Nasdaq: ORBC) is a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) communication solutions and the only commercial satellite network dedicated to M2M. ORBCOMM’s unique combination of global satellite, cellular and dual-mode network connectivity, hardware, web reporting applications and software is the M2M industry’s most complete service offering. Our solutions are designed to remotely track, monitor, and control fixed and mobile assets in core vertical markets including transportation & distribution, heavy equipment, industrial fixed assets, oil & gas, maritime, mining and government. With close to two decades of innovation and expertise in M2M, ORBCOMM has more than 1.77 million subscribers with a diverse customer base including premier OEMs such as Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery Co., Ltd., John Deere, Komatsu Ltd., and Volvo Construction Equipment, as well as end-to-end solutions customers such as C&S Wholesale, Canadian National Railways, CR England, Hub Group, KLLM Transport Services, Marten Transport, Swift Transportation, Target, Tropicana, Tyson Foods, Walmart, Union Pacific Railroad and Werner Enterprises. For more information, visit www.orbcomm.com. Certain statements discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to our plans, estimates, objectives and expectations for future events, as well as projections, business trends and other statements that are not historical facts. Such forward-looking statements are subject to known and unknown risks and uncertainties, some of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include but are not limited to: demand for and market acceptance of our products and services and our ability to successfully implement our business plan; our dependence on our subsidiary companies (Market Channel Affiliates (MCAs)) and third party product and service developers and providers, distributors and resellers (Market Channel Partners (MCPs)) to develop, market and sell our products and services, especially in markets outside the United States; substantial losses we have incurred and may continue to incur; the inability to effect suitable investments, alliances and acquisitions, and even if we are able to make acquisitions, the failure to integrate and effectively operate the acquired businesses and the exposure to additional risks, such as unexpected costs, contingent or other liabilities, or weaknesses in internal controls, and issues related to non-compliance with domestic and foreign laws, particularly in acquisitions of foreign businesses; our dependence on a few significant customers for a substantial portion of our revenues, including key customers such as Caterpillar Inc., Komatsu Ltd., Hub Group, Onixsat and Satlink S.L.; our ability to expand our business outside the United States, including risks related to the economic, political and other conditions in foreign countries in which we do business, including fluctuations in foreign currency exchange rates; our dependence on a few significant vendors, service providers or suppliers, as well as the loss or disruption or slowdown in the supply of products and services these key vendors, such as our SkyWave business’s dependence on its commercial relationship with Inmarsat plc and the services provided by Inmarsat plc, including the continued availability of Inmarsat plc’s satellites, the supply of subscriber communicators from Sanmina Corporation and Quake Global, or the supply of application specific integrated circuits (ASICs) from S3 Group; competition from existing and potential telecommunications competitors, including terrestrial and satellite-based network providers, some of whom provide wireless network services to our customers in connection with our products and services; our reliance on intellectual property rights and the risk that we, our MCAs, our MCPs and our customers may infringe on the intellectual property rights of others; inability to operate due to changes or restrictions in the political, legal, regulatory, government, administrative and economic conditions and developments in the United States and other countries and territories in which we provide our services; legal proceedings; the failure of our system or reductions in levels of service due to technological malfunctions or deficiencies or other events, such as in-orbit satellite failures, reduced performance of our existing satellites, or man-made or natural disasters and other extreme events; rapid and significant technological changes, pricing pressures and other competitive factors; cybersecurity risks; and our substantial indebtedness, currently $250 million, including the restrictive covenants under the indenture governing our notes, and other terms that could restrict our business activities or our ability to execute our strategic objectives, limit our operating flexibility or adversely affect our financial performance, all of which could be exacerbated if we incur additional indebtedness. In addition, specific consideration should be given to various factors described in Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2016, and other documents, on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise any forward-looking statements or cautionary factors, except as required by law. The following table reconciles our Net Loss attributable to ORBCOMM Inc. to EBITDA and Adjusted EBITDA for the periods shown: ORBCOMM publicly reports its financial information in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). To facilitate external analysis of the Company’s operating performance, ORBCOMM also presents financial information that are considered “non-GAAP financial measures” under Regulation G and related reporting requirements promulgated by the Securities and Exchange Commission. Non-GAAP measures should be considered in addition to, and not as a substitute for, or superior to, Net Income or other measures of financial performance prepared in accordance with GAAP and may be different than those presented by other companies. EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin are not performance measures calculated in accordance with GAAP and are therefore considered non-GAAP measures. A reconciliation table is presented above. EBITDA is defined as earnings attributable to ORBCOMM Inc. before interest income (expense), loss on debt extinguishment, provision for income taxes and depreciation and amortization. ORBCOMM believes EBITDA is useful to its management and investors in evaluating operating performance because it is one of the primary measures used to evaluate the economic productivity of the Company’s operations, including its ability to obtain and maintain its customers, its ability to operate its business effectively, the efficiency of its employees and the profitability associated with their performance. It also helps ORBCOMM’s management and investors to meaningfully evaluate and compare the results of the Company’s operations from period to period on a consistent basis by removing the impact of its financing transactions and the depreciation and amortization impact of capital investments from its operating results. In addition, ORBCOMM management uses EBITDA in presentations to its board of directors to enable it to have the same measurement of operating performance used by management and for planning purposes, including the preparation of the annual operating budget. The Company also believes that Adjusted EBITDA, defined as EBITDA adjusted for stock-based compensation expense, noncontrolling interests, impairment loss, non-capitalized satellite launch and in-orbit insurance, insurance recovery, and acquisition-related and integration costs, is useful to investors to evaluate the Company’s core operating results and financial performance because it excludes items that are significant non-cash or non-recurring expenses reflected in the Condensed Consolidated Statements of Operations. Adjusted EBITDA Margin equals Adjusted EBITDA divided by Total Revenues.

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