News Article | May 5, 2017
Attendee list released featuring ROK Armed Forces, Indian Army, Japanese Cabinet Office, US Airforce SMC/MCi, Indonesian MoD, Singaporean MINDEF and more Singapore, Singapore, May 05, 2017 --( Now in its 7th year, this year’s show will aim to bridge the knowledge gap on matters known “exclusively” by limited community and has attracted a global audience from Australia, Canada, France, India, Indonesia, Japan, Luxembourg, Malaysia, New Zealand, Philippines, Singapore, South Korea, United Kingdom and the USA. An attendee list is available in the event download centre at https://www.smi-online.co.uk/defence/asia/milsatcom-asia?o=login&dl=cc&p1=5121&p2=813#tab_downloads Event highlights will include: • An opening host nation address from the Singapore Space and Technology Association (SSTA) to provide an outlook on prospects to advance Singapore’s space ecosystems and its key role to the region • Keynote address from Republic of Korea Army on the nation’s threats and defense measures for satellite communication • Japanese Cabinet Office’s overview on developing Japan’s space diplomacy and the importance of regional cooperation • Hughes Network Systems discuss BLOS solutions for an A2AD environment • Insight on Indian Army’s state-of-the art infrastructure - the CArtosat-2 series. • Indonesian MoD shares the benefits of procuring MSS Satellite Systems • Ciena provide attendees with new technology to increase resilience with integrated command and control of SatCom and fiber networks • New Zealand Defence Force offer new insight into NZDF SatCom Capabilities from an operational and geographic context • Attendees will explore the best ways to collaborate with the U.S. DoD to enhance MilSatCom capabilities • Australian Defence Force- Chief Information Office Group (CIOG) gives feedback from the WGS programme and its importance for the ADF • Eutelsat explains how ComSatCom Innovations can be applied to MilSatCom • The SES’s approach to rising security challenges in times of limited resources. Further information including a brochure and full speaker line-up is available at: http://www.milsatcomasia.com/prcom MilSatCom Asia Pacific 7th Annual Conference: 15th & 16th May Grand Copthorne Waterfront Hotel, Singapore Sponsored by Ciena | Eutelsat | Hughes | SES Contact Information: For all media enquiries contact Theresa Chung on Tel: +44 (0)20 7827 6068 / Email: email@example.com About SMi Group: Established since 1993, the SMi Group is a global event-production company that specializes in Business-to-Business Conferences, Workshops, Masterclasses and online Communities. We create and deliver events in the Defence, Security, Energy, Utilities, Finance and Pharmaceutical industries. We pride ourselves on having access to the world's most forward thinking opinion leaders and visionaries, allowing us to bring our communities together to Learn, Engage, Share and Network. More information can be found at http://www.smi-online.co.uk Singapore, Singapore, May 05, 2017 --( PR.com )-- With just two weeks to go until MilSatCom Asia Pacific 2017, SMi Group have released a preliminary list of attendees ahead of the industry meeting set to take place on 15th and 16th May in Singapore.Now in its 7th year, this year’s show will aim to bridge the knowledge gap on matters known “exclusively” by limited community and has attracted a global audience from Australia, Canada, France, India, Indonesia, Japan, Luxembourg, Malaysia, New Zealand, Philippines, Singapore, South Korea, United Kingdom and the USA.An attendee list is available in the event download centre at https://www.smi-online.co.uk/defence/asia/milsatcom-asia?o=login&dl=cc&p1=5121&p2=813#tab_downloadsEvent highlights will include:• An opening host nation address from the Singapore Space and Technology Association (SSTA) to provide an outlook on prospects to advance Singapore’s space ecosystems and its key role to the region• Keynote address from Republic of Korea Army on the nation’s threats and defense measures for satellite communication• Japanese Cabinet Office’s overview on developing Japan’s space diplomacy and the importance of regional cooperation• Hughes Network Systems discuss BLOS solutions for an A2AD environment• Insight on Indian Army’s state-of-the art infrastructure - the CArtosat-2 series.• Indonesian MoD shares the benefits of procuring MSS Satellite Systems• Ciena provide attendees with new technology to increase resilience with integrated command and control of SatCom and fiber networks• New Zealand Defence Force offer new insight into NZDF SatCom Capabilities from an operational and geographic context• Attendees will explore the best ways to collaborate with the U.S. DoD to enhance MilSatCom capabilities• Australian Defence Force- Chief Information Office Group (CIOG) gives feedback from the WGS programme and its importance for the ADF• Eutelsat explains how ComSatCom Innovations can be applied to MilSatCom• The SES’s approach to rising security challenges in times of limited resources.Further information including a brochure and full speaker line-up is available at: http://www.milsatcomasia.com/prcomMilSatCom Asia Pacific7th Annual Conference: 15th & 16th MayGrand Copthorne Waterfront Hotel, SingaporeSponsored by Ciena | Eutelsat | Hughes | SESContact Information:For all media enquiries contact Theresa Chung on Tel: +44 (0)20 7827 6068 / Email: firstname.lastname@example.orgAbout SMi Group:Established since 1993, the SMi Group is a global event-production company that specializes in Business-to-Business Conferences, Workshops, Masterclasses and online Communities. We create and deliver events in the Defence, Security, Energy, Utilities, Finance and Pharmaceutical industries. We pride ourselves on having access to the world's most forward thinking opinion leaders and visionaries, allowing us to bring our communities together to Learn, Engage, Share and Network. More information can be found at http://www.smi-online.co.uk Click here to view the list of recent Press Releases from SMi Group
News Article | May 25, 2017
Alliance Convenes Today at Verizon's Headquarters in Basking Ridge, New Jersey for Quarterly Member Meeting FREMONT, CA--(Marketwired - May 25, 2017) - The Streaming Video Alliance (the Alliance), an industry forum comprised of leading companies from the online video ecosystem, hosts their second Quarterly Meeting of 2017 at Verizon's headquarters in New Jersey. During this meeting, the Alliance will work to ratify two new specifications from the Open Caching Working Group, solicit new participants for additional phases of its Multicast ABR proof-of-concept, and welcome several new members. "Verizon is proud to host the Streaming Video Alliance's second quarter meeting," said Mike Altland, Director of Network Infrastructure Planning at Verizon. "We are strong supporters in what the Alliance is working to accomplish within the industry and believe that Verizon can play a key role in helping define the specifications and best practices that the Alliance has brought, and will continue to bring, to the industry." Multicast ABR Proof of Concept In April of this year, the Alliance announced a Multicast ABR POC. This POC is intended to address 4K streaming to OTT devices over a closed Multicast network (Cable, IPTV). The first phase of the POC has been concluded and data from the results is being analyzed. The Alliance will produce a whitepaper detailing the results as well as some additional best practices organizations can take when building out a similar architecture that will be published later this year. To receive email updates on the publication of this whitepaper, you can sign-up by visiting this URL: https://www.streamingvideoalliance.org/go/mabrupdate/ "The Alliance is committed to not only producing specifications and requirements, but to demonstrating those in action," said Jason Thibeault, Executive Director. "This Multicast ABR POC is a prime example of the Alliance working to solve critical industry challenges. Not only did the participating companies demonstrate working operation, but the results are being used to develop documentation that any service provider can employ to deliver a better end user experience with streaming video into the home." Open Caching Working Group Continues to Produce Critical Specifications The Open Caching Working Group has created two new specifications, Logging and Service Provisioning, that are currently being voted on by the Alliance membership and should be ratified by the board within the next 30 days. "With these two new specifications that are up for ratification, the Open Caching Working Group is pushing closer to providing the industry a comprehensive architecture for next-generation streaming services," said Dan Sahar, Open Caching Working Group Chair and Co-Founder of Qwilt. "In addition to the documentation, we are currently driving towards the second phase of the Open Caching proof-of-concept which we hope will involve more organizations looking to test out the specifications with real-world traffic and networks." New Alliance Members The Alliance continues to grow and prosper. Over the past five months, we have added 12 new members and now total 51 member companies, over 200% growth since the organization's inception just a few years ago. The Alliance is pleased to welcome the following companies: The Alliance frequently participates in speaking engagements and sponsors industry shows to build awareness for the organization. The Alliance's Executive Director, Jason Thibeault, recently participated on a panel at NAB, was interviewed in the NAB M.E.T. 360 theater, and moderated a panel at Content Delivery Summit, Live Streaming Summit, and Streaming Media East. Future shows in which the Alliance will participate as sponsor and speaker include the OTT Executive Summit, TV of Tomorrow, Capacity North America, IBC, and NAB NY. Members of the Alliance include companies from across the streaming video ecosystem such as network operators, technology providers, service providers, and content owners. Current members are: Adobe, Arris, ATEME, Cedexis, CenturyLink, Charter Communications, Ciena, Cisco Systems, Comcast, Concurrent, Conviva, Dolby, Edgeware, Encompass TV, Ericsson, FOX Networks, Harmonic, Hughes Satellite Systems, IBM, IneoQuest, Intel, Interra Systems, Irdeto, Level 3 Communications, Liberty Global, Limelight Networks, Massive Interactive, MediaMelon, MLBAM, Mobolize, NBCUniversal, NCTA, NeuLion, Nexguard, Nice People at Work, Nokia, OWNZONES, Qwilt, Sinclair Broadcast Group, Sky, System73, Telecom Italia, THX, Verimatrix, Verizon, ViaPlay, ViaSat Inc., Vubiquity, Western Digital Corp., Wowza Media Systems, and Yahoo. For more information on the Alliance, the Working Groups, or to inquire about becoming a member, visit www.streamingvideoalliance.org. About the Streaming Video Alliance Founded in 2014, the Streaming Video Alliance's charter is to encourage deeper collaboration across the entire online video ecosystem, which will include the development of standards and best practices for an open architecture that will operate across the entire online video value chain. The Alliance is currently focused on identifying issues and solutions related to open architecture, quality of experience, and interoperability. For more information, please visit www.streamingvideoalliance.org.
News Article | May 23, 2017
"There have been more dramatic changes in the global satellite industry in the past two years than we have been seen in the last twenty-five" -- Steve Collar, CEO, SES Networks, at the close of the CASBAA Satellite Industry Forum 2017 in Singapore. That comment summarized nine hours of high-octane insights, statements and data downloads testing the temperature of the Asian satellite market at CASBAA's 17th annual meeting of satellite executives, engineers and investors. "This has been an energizing, challenging day which laid out the immediate and long-term opportunities and challenges for the satellite sector in Asia in terms of both commercial and technical issues," said CASBAA CEO, Christopher Slaughter. "We have been given a lot to think about. Innovation at every level must be at the heart of all our businesses." According to keynote speaker Andrew Jordan, CEO of regional operator AsiaSat, video distribution via satellite represents some 70% of revenues for most GEO satellite operators in the region with Ultra High Definition (UHD) and 4K services "all the rage" despite representing a less than 20% transition from Standard Definition services in Asia. "Mobility and broadband are the latest must-have applications, driving HTS (High Throughput Satellites) which is a maturing technology with enormous promise." The potential benefits and disadvantages of HTS and "cut-throat" competition were an overarching theme of the conference, which also covered such items as in-flight connectivity, maritime services, reusable launch vehicles, flat panel antennas, new satellite manufacturing processes and the on-going promise of the satellite market in India. Some quotable quotes: From the Operators - There are 600 million households out there without TV. The opportunity for satellite remains enormous - Tom Choi, ABS - When the millennials start families they are like the rest of US. They slump back on their settees - Andrew Jordan, AsiaSat - If we don't play in the 5G space other technologies will take over for sure - Deepak Mathur, SES From the Manufacturers - Our customers are increasingly asking for Flexible, Refreshable, Blended Constellations that will last forever. It's all over the map - Dawn Harms, Boeing Satellite - Manufacturers also need to help with the ground segment - Tony Colucci, VP Marketing & Sales, SSL - From GEO to LEO... It's a cultural difference - Tony Colucci, SSL - To provide for the "extended life" of a satellites (maybe to match the life of a co-located satellite) GEO manufacturers need agree on a standardized USB for in-orbit connectivity - Olivier Guilbert, Thales Alenia Space - Now we must be "Datacentric", Tony Colucci, SSL From the Customers - We are now entering uncharted territory - Chris Baugh, Northern Sky Research - Competition is fierce - PJ Beylier, Speedcast - Consolidation is coming, but it must be at the operator level - Deepakajit Singh, Encompass Media - Transponder costs may yet fall by 30%-40% - Deepakajit Singh, Encompass On HTS - HTS is the thing - Tony Colucci, SSL - It's not just about providing highest throughput, it's about jointly driving the ecosystem to make it more efficient - Elias Zaccack, SES On Flat Panels - We need multi frequency, multi-beam spectrum. The ability to switch between Ka to KU via LEO or GEO is crucial - John Finney, Isotropic - It's more complicated than almost anybody thought a few years ago - Susan Bull, Comsys - People aren't going to buy a flat-panel antenna just because it's pretty! - Alvaro Sanchez, Intergrasys The Launch Panel - Our objective is to relaunch the rocket after one hour - Jonathan Hofeller, SpaceX - Launch, Re-fuel and re-launch - Jonathan Hofeller, SpaceX - They say there will be 24,000 LEO launches in the next while. What about space junk? - Peter Jackson, PJ Square - Less price, more performance! That is what we will deliver - Tom Carroll, ILS International On India - Digitise, digitise, digitise! But when can we monetize? - Ashok Mansukhani, Hinduja Media - India is a country where stats sarely make sense - Ashok Mansukhani - The DTH industry will remain a volume-led market for the next 5 years - Vivek Couto, MPA The CASBAA Satellite Industry Forum 2017 also appreciates the generous support of the sponsors for this year's event: ABS, APSTAR, Arianespace, AsiaSat, Boeing Satellite Systems, COMSYS, Effective Space, Eutelsat, Gogo, Intergrasys, International Launch Services (ILS), Marsh, MEASAT, Newtec, NorthTelecom, SES, SKY Perfect JSAT, SpaceX and SSL. Click here (http://casbaaevent.com/events/casbaa-satellite-industry-forum/) for the detailed programme and list of speakers. About CASBAA CASBAA is the Asia Pacific region's largest non-profit media association, serving the multi-channel audio-visual content creation and distribution industry. Established in 1991, CASBAA has grown with the industry to include digital multichannel television, content, platforms, advertising, and video delivery. Encompassing some 500 million connections within a footprint across the region, CASBAA works to be the authoritative voice for multichannel TV; promoting even-handed and market-friendly regulation, IP protection and revenue growth for subscription and advertising, while promoting global best practices. For more information, visit www.casbaa.com Contact:
News Article | May 11, 2017
DULLES, Va.--(BUSINESS WIRE)--Orbital ATK, Inc. (NYSE:OA), a global leader in aerospace and defense technologies, today reported financial results for the first quarter of 2017, highlighted by strong new orders that boosted the company’s contract backlog to a record level. The company also reaffirmed its full-year 2017 financial guidance. Orbital ATK reported GAAP revenues of $1,085 million in the first quarter of 2017, up 2.7% from $1,056 million in the first quarter of 2016. GAAP income from continuing operations, before interest, income taxes and non-controlling interest (which the company refers to as operating income) was $111.4 million, or 10.3% operating margin, compared to $120.5 million, or 11.4% operating margin, in the first quarter of 2016. The company reported first quarter 2017 GAAP earnings per diluted share of $1.15 compared to $1.31 in the comparable quarter in 2016. Free cash flow, which is a non-GAAP measure defined as GAAP cash from operating activities (negative $46.4 million) minus capital expenditures ($36.6 million), was negative $83.0 million in the first quarter of 2017 compared to negative $97.6 million in the first quarter of 2016. The company also reported non-GAAP adjusted results for the first quarter of 2017. Adjusted operating income and profit margin were $117.4 million and 10.8%, respectively, in the first quarter of 2017, compared to $130.2 million and 12.3%, respectively, in the first quarter of 2016. Adjusted diluted earnings per share were $1.23 and $1.44 in the first quarters of 2017 and 2016, respectively. Adjusted free cash flow, which excludes certain restatement-related cash expenses totalling $10.0 million, was negative $73.0 million in the first quarter (see non-GAAP reconciliation tables in the appendix for details). “Orbital ATK is off to a solid start in 2017. First quarter financial results were in line with our plan for the year, which is second half weighted as we previously indicated,” said David W. Thompson, President and Chief Executive Officer. Mr. Thompson added, “Our first quarter book-to-bill ratio of 150% boosted firm backlog to a record $9.8 billion. In addition, these strong new business bookings reflected a return to our historic proportion of shorter-cycle contracts, which will help drive revenue growth this year and in 2018, following a period of robust long-cycle orders in 2015 and 2016.” All adjusted financial measures discussed below are non-GAAP adjusted financial results from continuing operations. See the reconciliation tables in the “Disclosure of Non-GAAP Financial Measures” section for details. Revenues increased $29 million, or 2.7%, in the first quarter of 2017 compared to the first quarter of 2016. Adjusted operating income decreased $12.8 million, or 9.8%, in 2017 compared to 2016, primarily due to favorable contract profit adjustments that occurred in the 2016 first quarter that did not reoccur in the 2017 first quarter. Net income and earnings per share reflected an income tax rate of 29.3% in the first quarter of 2017 compared to a 25.1% rate for the first quarter of 2016. The tax rate in both periods benefited from research and development (R&D) tax credits. In addition, there were favorable discrete events that occurred in the first quarter of the prior year that did not reoccur in the first quarter of the current year. “Orbital ATK’s financial performance in the first quarter reflected top-line revenue growth in each of our business segments as we converted strong new business bookings to revenue. In addition, our profit margins and earnings per share results were consistent with the company’s plan for the year,” said Garrett E. Pierce, Orbital ATK’s Chief Financial Officer. During the first quarter of 2017, Orbital ATK returned nearly $18 million to shareholders in the form of dividends. The company also invested about $60 million in R&D and capital equipment in the quarter. In the first quarter of 2017, Orbital ATK booked approximately $1,640 million in new firm and option orders. In addition, the company received about $410 million in option exercises under existing contracts. As of April 2, 2017, the company’s firm backlog was approximately $9.8 billion, up 12% compared to a year ago, and its total backlog (including options, indefinite quantity contracts and undefinitized orders) was about $14.8 billion, 3% higher than in the prior year. The company reaffirmed its annual 2017 financial guidance as summarized below: Orbital ATK currently expects an effective tax rate of approximately 28% and interest expense of approximately $65 million for the year, which includes about $6 million of non-cash interest. Capital expenditures are projected to be about $225 million and diluted weighted average shares outstanding are expected to be approximately 57.5 million. The favorable pension adjustment resulting from the difference between the GAAP Financial Accounting Standards (FAS) and the Government Cost Accounting Standards (CAS) is expected to be approximately $100 million for the year. Orbital ATK’s strong operational execution led to the achievement of numerous milestones in the first quarter of 2017. These included the following important events: “First quarter operational results were generally solid as our teams completed numerous launch vehicle, satellite and defense systems missions, tests and deployments, as well as maintained steady production and quality performance on many other important programs,” said Chief Operating Officer Blake E. Larson. “Unfortunately, in April we experienced a tragic incident at the Lake City Army Ammunition Plant where we manufacture small caliber ammunition. The explosion damaged part of the facility where we process chemical compounds used in primers and sadly took the life of one of our employees. Our hearts go out to the family and friends of the employee we lost and to our entire Lake City family,” Mr. Larson added. “We are finalizing our thorough internal investigation into the incident and utilizing our findings and industry best practices to design our new processes. At this time, we are resuming production with vendor supplied primer materials and focusing on a safe return to full operational capacity,” he concluded. Orbital ATK conducts its operations in three business segments: Flight Systems Group, Defense Systems Group and Space Systems Group. Each of these groups in turn consists of several product-line divisions. Segment operating results include pension expense recoverable under U.S. Government contracts as determined in accordance with Government Cost Accounting Standards. The FAS/CAS pension expense difference is recorded at the corporate level. FSG revenues for the first quarter of 2017 increased $17 million, or 4.8%, compared to 2016 due primarily to higher activity in the Aerospace Structures Division. Operating income decreased $9.1 million, or 18.3%, primarily due to lower margins in 2017 on certain Aerospace Structures Division and Propulsion Systems Division contracts. FSG had no non-GAAP adjustments in either the 2017 or 2016 quarter. DSG revenues in the first quarter of 2017 increased $20 million, or 4.6%, largely due to higher activity on Armament Systems Division contracts. Operating income decreased $4.1 million, or 8.9%, primarily from favorable profit adjustments in the first quarter of 2016 that did not reoccur at the same level in 2017. There were no non-GAAP adjustments in the 2017 first quarter. SSG revenues for the first quarter of 2017 increased $15 million, or 5.2%, compared to the first quarter of 2016 largely due to higher activity on Satellite Systems and Advanced Programs Divisions contracts. Operating income decreased $2.9 million, or 9.6%, largely due to a favorable profit adjustment on an Advanced Programs Division contract in 2016 that did not reoccur in 2017. There were no non-GAAP adjustments in the 2017 first quarter. Investors can listen to a live audio webcast of the conference call with analysts that Orbital ATK will host at 9:00 a.m. (EDT) May 11, 2017. To listen to the call, visit the company’s website at www.orbitalatk.com/investors. For those who cannot listen to the live webcast, a telephone recording of the conference call will be available by dialing (855) 859-2056 and using the conference ID 14565796. The recording will be available until May 18, 2017. Orbital ATK has also posted on its investor relations website a presentation of the first quarter 2017 financial results and operational highlights. The company will file a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission indicating that it will not be able to file its Quarterly Report on Form 10-Q for the quarter ended April 2, 2017 by the prescribed due date of May 12, 2017, nor within the associated 12b-25 five-day extension period. This delay results primarily from the focus of the company’s resources on the completion of the restatement of its consolidated financial statements for certain prior periods and the preparation of SEC quarterly and annual reports relating to the restatement. The company intends to file the Form 10-Q as soon as reasonably practicable. As previously disclosed, the company also has entered into an extension agreement with its lenders extending the deadline under its credit agreement for filing the Form 10-Q to June 30, 2017; consequently, the expected timing for filing the Form 10-Q would not result in a default under the credit agreement. Orbital ATK communicates material financial information to its investors using press releases, Securities and Exchange Commission filings, its investor relations website, public conference calls and webcasts. From time to time, Orbital ATK communicates information regarding its business and operations, such as new contract awards and mission updates, via Twitter and Facebook. It is possible that the information disclosed through our website or social media channels could be deemed to be material. Therefore, we encourage investors, media and others interested in Orbital ATK to follow the information we post on our website at www.orbitalatk.com/investors, on Twitter at https://twitter.com/OrbitalATK and on Facebook at https://facebook.com/OrbitalATK. Orbital ATK is a global leader in aerospace and defense technologies. The company designs, builds and delivers space, defense and aviation systems for customers around the world, both as a prime contractor and merchant supplier. Its main products include launch vehicles and related propulsion systems; missile products, subsystems and defense electronics; precision weapons, armament systems and ammunition; satellites and associated space components and services; and advanced aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK employs approximately 12,500 people in 18 states across the United States and in several international locations. For more information, visit www.orbitalatk.com. “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995 Certain statements in this press release may be “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements often include the words “forecast,” “expect,” “believe,” “will,” “intend,” “plan,” and words of similar substance. Such forward-looking statements include the company’s 2017 financial guidance and expectations regarding our financial and operational performance, the benefits of our long-term growth initiatives, and investments. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or performance to differ materially from those expressed in or contemplated by the forward-looking statements, including the following: the inherent limitations in internal control over financial reporting; potential increased costs, liability, reputational harm or loss of investor confidence associated with the recent multi-year restatement of the company’s financial statements; the company’s ability to maintain and grow its relationship with its customers; reductions or changes in U.S. Government military or NASA spending, including impacts of sequestration under the Budget Control Act of 2011; changes in accounting methods; changes in cost and revenue estimates and/or timing of programs and payments; the potential termination of U.S. Government contracts; failure to win or retain key contracts; costs of servicing debt, including cash requirements and interest rate fluctuations; the company’s capital deployment strategy, including share repurchases and dividend payments; actual pension asset returns and assumptions regarding future returns, discount rates and service costs; supply, availability, and costs of raw materials and components, including commodity price fluctuations; performance of subcontractors and other third parties; development of key technologies; and the costs and ultimate outcome of contingencies, including litigation, government investigations and other legal proceedings, including those related to the company’s recently completed restatement. Additional information concerning these and other factors can be found in Orbital ATK’s filings with the Securities and Exchange Commission. Orbital ATK undertakes no obligation to update any forward-looking statements, except as may be required by law. The adjusted financial results contained in this press release are non-GAAP financial measures adjusted to eliminate nonrecurring costs and expenses as summarized in the tables below. We define free cash flow as GAAP cash from operating activities less GAAP capital expenditures. Management believes that the company’s presentation of free cash flow is useful because it provides investors with an important perspective on the company’s liquidity, financial flexibility and ability to fund operations and service debt. Adjusted measures are provided so investors can more easily compare current and prior period results of the company. These adjusted results should not be considered in isolation or as a substitute for the related GAAP measures, and other companies may define such measures differently. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. The reconciliation of GAAP results to adjusted non-GAAP results are as follows:
News Article | February 20, 2017
SINGAPORE--(BUSINESS WIRE)--Kacific Broadband Satellites Pte Ltd (Kacific) today announced that it has ordered its Kacific-1 satellite from The Boeing Company (Boeing) based on the 702 satellite platform. This condominium satellite will be shared with JCSAT-18, ordered by SKY Perfect JSAT Corporation. Kacific closed a US$147 million financing round in late 2016 with a mix of equity, debt and customer prepayments which covers the purchase of the satellite, launch service, ground systems and all other project costs. To secure this funding, Kacific has signed 15 managed bandwidth wholesale agreements in 14 different countries for a total value of US$434 million. Kacific-1 is designed to deliver uncontended broadband throughput via 57 Ka-band narrow beams, each having a capacity up to 1.25Gbps, with the highest signal power ever achieved in the region. The beams are selectively tailored to cover precise pockets of demand in a geographically dispersed footprint of 20 Pacific and South East Asian nations. Strategic positioning of the beams has enabled Kacific to sell capacity in 51 out of 57 beams so far, through take-or-pay contracts, with most beams exceeding 70 percent firm capacity bookings and several being almost saturated. Kacific selected the Boeing 702 because it is a reliable High Throughput Satellite platform delivering strong economics and a consistent high-quality connectivity across all service beams. “Boeing is pleased Kacific has chosen our flight-proven scalable 702 satellite for its next-generation broadband satellite service,” said Mark Spiwak, president of Boeing Satellite Systems International. “The capability and performance of the Boeing 702 satellite will enable Kacific to meet increasing demands for connectivity in the Asia-Pacific region, reaching new and underserved markets with reliable and cost-effective satellite internet services.” “We do pure play broadband. We focus on direct-to-premise. We precisely place capacity where it is most needed,” said Christian Patouraux, Kacific CEO. “This will yield price points that will unleash internet participation and usage. With the launch of Kacific-1, in 2019, people in areas currently lacking affordable high speed internet will be able to access online education, healthcare and public services, and grow their local economies. Delivering internet speeds over 100 Mbps on low cost, small form factor terminals, will help connect the dots of South East Asia and the Pacific to the digital world.”
News Article | February 28, 2017
Remote Satellite Systems International has just been notified of the Award for the State of California CALNET 3 IFB C, Category 10.1, for Satellite – Voice contract. CALNET 3 is the state’s multi-billion dollar procurement to provide services to state agencies. While the company has already provided satellite voice and data solutions to agencies such as the Department of Emergency Management San Francisco, CalFire and the US Customs and Border Patrol, this award will help them expand services across the state. Located in Santa Rosa California, Remote Satellite Systems International has been supporting state agencies with portable emergency satellite solutions for 15 plus years. At the time of its inception, satellite communications technology was far more complicated. With heavier equipment and more expensive technology, service providers needed patience, knowledgeable staff, and a high degree of technical expertise. That skillset has carried Remote Satellite Systems through the modern era. Today, they provide a two-pronged approach to satellite communications through both equipment sales and hands-on consulting services, giving clients a “complete solution” for their needs. Modern satellite communications systems offer several benefits: they provide complete coverage without service gaps, ensuring that communication is possible even in remote locations or during natural disasters. This makes the technology especially appropriate for use in government, as it can help ensure that state employees are always within reach. With Remote Satellite Systems International now approved as a CALNET3 contractor, their satellite voice services are available to agencies and departments across state and local government.
News Article | February 15, 2017
Alliance Welcomes CenturyLink, Edgeware, Harmonic, NCTA and Western Digital Corp. as New Members FREMONT, CA--(Marketwired - Feb 9, 2017) - The Streaming Video Alliance (the Alliance), an industry forum comprised of leading companies from the online video ecosystem, today convenes at Ericsson in Santa Clara for its first quarterly member meeting of 2017. Highlights from today's event include a keynote address from Ericsson executives and the welcoming of new Principal Members, NCTA, Harmonic and Western Digital Corp., and new Supporting Members, CenturyLink and Edgeware. Today's meeting will feature keynotes by Ericsson TV & Media Strategy organization executives including Vice President, David Price; Vice President of Technology, Raj Nair; and Senior Advisor of Consumer Insights ConsumerLab, Anders Erlandsson. The meeting will also include a general member session and a networking reception. "It's a critical time in the online video industry for technology companies to work together and collaborate on best practices, guidelines, requirements and specifications," said Jason Thibeault, Executive Director of the Streaming Video Alliance. "The Alliance is more focused than ever to develop processes and interoperability that will enable anyone to put together a high-quality, consistent streaming experience -- we're thrilled with our continued growth and progress." As part of the meeting, members will break out into multiple Alliance Working Group sessions to progress on a broad range of important streaming topics. These Working Group sessions include: The Working and Study Groups are at the heart of the Alliance, where a focus on important streaming video issues allows a diverse group of streaming experts to reach agreement on best practices, requirements, specifications and proposed standards. The cross-industry collaboration that these Working Groups foster will also help define an open streaming architecture that will promote the continued growth of online video. Earlier this month, the Alliance announced that trials based on recently approved Open Caching Request Routing and HTTPS Delegation Technical Specification have started. The trials are the first implementation by Alliance member companies of open caching systems that incorporate the specification for request routing in ISP networks to optimize delivery and ensure superior Quality of Experience for live and on-demand video streaming. Participants in the Open Caching Trials include Charter Communications, Limelight Networks, Major League Baseball Advanced Media, Qwilt, Verizon, Viacom, ViaSat and Yahoo. The companies, mostly members of the Alliance's Open Caching Working Group, will conduct a range of use cases during the trials, including live and on-demand streaming video traffic over HTTP and HTTPS. The participating companies will report trial results to the Open Caching Working Group. The Alliance will continue to assess new topics and, as warranted, activate new working groups to further advance the organization's agenda. Members of the Alliance include companies from across the streaming video ecosystem: network operators, technology providers, service providers and content owners. Current members are: Adobe, Arris, Cedexis, CenturyLink, Charter Communications, Ciena, Cisco Systems, Comcast, Concurrent, Conviva, Edgeware, Encompass TV, Ericsson, FOX Networks, Harmonic, Hughes Satellite Systems, IBM, IneoQuest, Intel, Irdeto, Level 3 Communications, Liberty Global, Limelight Networks, MediaMelon, MLBAM, Mobolize, NBCUniversal, NCTA, NeuLion, Nice People at Work, Nokia, OWNZONES, Qwilt, Sky, System73, Telecom Italia, Telstra, ViaPlay, ViaSat Inc., Verimatrix, Verizon, Vubiquity, Western Digital Corp., Wowza Media Systems and Yahoo. For more information on today's Alliance meeting, the Working Groups or to inquire about becoming a member, visit www.streamingvideoalliance.org. About the Streaming Video Alliance Founded in 2014, the Streaming Video Alliance's charter is to encourage deeper collaboration across the entire online video ecosystem, which will include the development of standards and best practices for an open architecture that will operate across the entire online video value chain. The Alliance is currently focused on identifying issues and solutions related to open architecture, quality of experience, and interoperability. For more information, please visit www.streamingvideoalliance.org.
News Article | February 17, 2017
Wiseguyreports.Com Adds “Maritime VSAT -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2022” To Its Research Database This report studies sales (consumption) of Maritime VSAT in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of Maritime VSAT in these regions, from 2011 to 2021 (forecast), like Split by product Types, with sales, revenue, price and gross margin, market share and growth rate of each type, can be divided into High Throughput Satellites L-Band KU-Band C-Band Other Split by applications, this report focuses on sales, market share and growth rate of Maritime VSAT in each application, can be divided into Military Civilian Global Maritime VSAT Sales Market Report 2017 1 Maritime VSAT Overview 1.1 Product Overview and Scope of Maritime VSAT 1.2 Classification of Maritime VSAT 1.2.1 High Throughput Satellites 1.2.2 L-Band 1.2.3 KU-Band 1.2.4 C-Band 1.2.5 Other 1.3 Application of Maritime VSAT 1.3.1 Military 1.3.2 Civilian 1.4 Maritime VSAT Market by Regions 1.4.1 United States Status and Prospect (2012-2022) 1.4.2 China Status and Prospect (2012-2022) 1.4.3 Europe Status and Prospect (2012-2022) 1.4.4 Japan Status and Prospect (2012-2022) 1.4.5 Southeast Asia Status and Prospect (2012-2022) 1.4.6 India Status and Prospect (2012-2022) 1.5 Global Market Size (Value and Volume) of Maritime VSAT (2012-2022) 1.5.1 Global Maritime VSAT Sales and Growth Rate (2012-2022) 1.5.2 Global Maritime VSAT Revenue and Growth Rate (2012-2022) 9 Global Maritime VSAT Manufacturers Analysis 9.1 Harris CapRock Communications 9.1.1 Company Basic Information, Manufacturing Base and Competitors 9.1.2 Maritime VSAT Product Type, Application and Specification 18.104.22.168 Product A 22.214.171.124 Product B 9.1.3 Harris CapRock Communications Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.1.4 Main Business/Business Overview 9.2 Hughes Satellite Systems 9.2.1 Company Basic Information, Manufacturing Base and Competitors 9.2.2 Maritime VSAT Product Type, Application and Specification 126.96.36.199 Product A 188.8.131.52 Product B 9.2.3 Hughes Satellite Systems Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.2.4 Main Business/Business Overview 9.3 Inmarsat 9.3.1 Company Basic Information, Manufacturing Base and Competitors 9.3.2 Maritime VSAT Product Type, Application and Specification 184.108.40.206 Product A 220.127.116.11 Product B 9.3.3 Inmarsat Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.3.4 Main Business/Business Overview 9.4 KVH Industries 9.4.1 Company Basic Information, Manufacturing Base and Competitors 9.4.2 Maritime VSAT Product Type, Application and Specification 18.104.22.168 Product A 22.214.171.124 Product B 9.4.3 KVH Industries Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.4.4 Main Business/Business Overview 9.5 RigNet 9.5.1 Company Basic Information, Manufacturing Base and Competitors 9.5.2 Maritime VSAT Product Type, Application and Specification 126.96.36.199 Product A 188.8.131.52 Product B 9.5.3 RigNet Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.5.4 Main Business/Business Overview 9.6 ViaSat 9.6.1 Company Basic Information, Manufacturing Base and Competitors 9.6.2 Maritime VSAT Product Type, Application and Specification 184.108.40.206 Product A 220.127.116.11 Product B 9.6.3 ViaSat Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.6.4 Main Business/Business Overview 9.7 VT IDirect 9.7.1 Company Basic Information, Manufacturing Base and Competitors 9.7.2 Maritime VSAT Product Type, Application and Specification 18.104.22.168 Product A 22.214.171.124 Product B 9.7.3 VT IDirect Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.7.4 Main Business/Business Overview 9.8 EMC 9.8.1 Company Basic Information, Manufacturing Base and Competitors 9.8.2 Maritime VSAT Product Type, Application and Specification 126.96.36.199 Product A 188.8.131.52 Product B 9.8.3 EMC Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.8.4 Main Business/Business Overview 9.9 Comtech Telecommunications 9.9.1 Company Basic Information, Manufacturing Base and Competitors 9.9.2 Maritime VSAT Product Type, Application and Specification 184.108.40.206 Product A 220.127.116.11 Product B 9.9.3 Comtech Telecommunications Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.9.4 Main Business/Business Overview 9.10 Vizada 9.10.1 Company Basic Information, Manufacturing Base and Competitors 9.10.2 Maritime VSAT Product Type, Application and Specification 18.104.22.168 Product A 22.214.171.124 Product B 9.10.3 Vizada Maritime VSAT Sales, Revenue, Price and Gross Margin (2012-2017) 9.10.4 Main Business/Business Overview 9.11 MTN Satellite Communications 9.12 Eutelsat 9.13 OmniAccess 9.14 Imtech Marine 9.15 SpeedCast 9.16 Telespazi For more information, please visit https://www.wiseguyreports.com/sample-request/967752-global-maritime-vsat-sales-market-report-2017
News Article | February 27, 2017
JERUSALEM (Reuters) - Israel's Space Communications has begun operating a new communications satellite, Amos-7, it said on Monday, a major milestone after it lost two satellites in the past two years. Amos-7 will replace the aging Amos-2 and provide service to clients in Europe, Africa and the Middle East. This was one of the tasks meant to be carried out by the Amos-6 satellite that was destroyed last September in Florida when a SpaceX launcher exploded. Spacecom had lost contact with another of its satellites in 2015. Amos-7 is the first addition to Spacecom's fleet since the Florida explosion. It has been in orbit since 2014 and was obtained in an agreement with Asia Satellite Telecommunications Holdings at a cost of $22 million a year for four years, with an option to extend for an additional year. "The satellite is a key element in expanding our multi-regional growth patterns and enhancing the array of communications – broadcast, broadband and data – that we can provide," said senior vice president of sales Jacob Keret. Spacecom has also announced it was buying a satellite from Boeing Satellite Systems International for $161 million. Israel's Eurocom Holdings owns 64 percent of Spacecom, whose shares were up 2.7 percent in afternoon trading in Tel Aviv but are down some 37 percent since Amos-6 was destroyed.
News Article | March 2, 2017
Sir Richard Branson and Virgin Galactic are pleased to announce Virgin Orbit, a new commercial space company, and the appointment of Dan Hart as the first President of the newly created company. Virgin Orbit will offer flexible, routine and low cost launch services for small satellites via the LauncherOne system. Virgin Orbit's activities were previously conducted as a division of Virgin Galactic. Dan Hart joins Virgin Orbit after a distinguished 34 years at Boeing, where he was responsible for all of the company's satellite programs for the US government and several allied countries. As Boeing's Vice President of Government Satellite Systems, he led efforts in all phases of the aerospace product life cycle, from R&D through development, production and flight operations, and has supported numerous space launch missions across human spaceflight, satellite development, launch vehicle development, and missile defense. Virgin Orbit is headquartered in a state-of-the-art 180,000 square foot manufacturing facility in Long Beach, California, and employs a world class team of more than 200 experienced aerospace professionals. Its vehicles include the LauncherOne rocket and its 747-400 flying launch pad, dubbed Cosmic Girl. The LauncherOne service already has a substantial order book, including both commercial and government customers. Virgin Orbit is the third company in Virgin Group's commercial space portfolio, Galactic Ventures, led by CEO George T. Whitesides and owned by the Virgin Group and Aabar Investments PJS. The three companies are developing world-leading aerospace products and services in the following categories, each contributing to their shared vision of opening space to change the world for good. * Virgin Galactic: human spaceflight, based in Mojave, CA during flight test and commercial service in New Mexico's Spaceport America. * The Spaceship Company: design, manufacturing, and testing of aerospace vehicles. Headquartered in Mojave, CA. The announcements come as the LauncherOne small satellite launch system is in advanced phase of hardware testing for every subsystem and major component of the vehicle-having already conducted long duration, full thrust firings of both of LauncherOne's engines, cryogenic tank tests, and hardware-in-the-loop testing of the vehicle's avionics. Virgin Group Founder Sir Richard Branson: "It has been my longheld dream to open access to space to change the world for good. We have been striving to do that by manufacturing vehicles of the future, enabling the small satellite revolution, and preparing commercial space flight for many more humans to reach space and see our home planet. I'm thrilled that our small satellite launch service has now progressed to the point it merits the formation of its own company, Virgin Orbit, and a new president in Dan with decades of deep experience and success in a broad variety of space programs." Galactic Ventures CEO George T. Whitesides: "Virgin Orbit will lead the world in responsive, affordable, dedicated launch for small satellites. Our new organizational structure positions each Virgin space company to achieve its full potential while remaining true to our shared purpose of opening space to all. It is a testament to the Virgin Orbit team that we start this chapter with our newest space company led by an exceptional individual like Dan." Virgin Orbit President Dan Hart: "The Virgin Galactic team has been boldly blazing the trail in a rapidly evolving space industry and I am thrilled to join the team. In 34 years at Boeing, I've had the honor to work on some of the most iconic and successful space programs in history including the Space Shuttle, the Delta launch program and satellite systems that have connected the world and protected our nation. Along the way, I've been privileged to work alongside incredibly talented engineers and industry leaders who have contributed to my own approach to innovation in space systems. The perfect next challenge is to lead Virgin Orbit's entrepreneurial team through a transformative time for not only Virgin Orbit but also the industry. To me, the Virgin brand is about making life on Earth better, and we are going to fulfill that purpose by accessing Low Earth Orbit (LEO) to connect billions of people and enabling valuable applications of data from space through Virgin Orbit's flexible, affordable, and reliable launch service." Virgin Orbit will provide dedicated, responsive, and affordable launch services for small satellites. Founded by Sir Richard Branson and owned by the Virgin Group and Aabar Investments PJS, Virgin Orbit and its sister companies-Virgin Galactic and The Spaceship Company-are opening access to space to change the world for good. To launch the small satellite revolution, Virgin Orbit is developing LauncherOne, a flexible launch service for commercial and government-built satellites. LauncherOne rockets are designed and manufactured in Long Beach, California, and will be air-launched from a dedicated 747-400 carrier aircraft capable of operating from many locations in order to best serve each customer's needs. Virgin Orbit's systems are currently in an advanced stage of testing, with initial orbital launches expected soon. To learn more or to apply to join Virgin Orbit's talented and growing team, visit virginorbit.com. Virgin Galactic is the world's first commercial spaceline. Founded by Sir Richard Branson and owned by the Virgin Group and Aabar Investments PJS, Virgin Galactic and its sister companies-Virgin Orbit and The Spaceship Company--are opening access to space to change the world for good. Virgin Galactic is developing reliable, affordable, and frequent services both for human spaceflight and satellite launch. To revolutionize human spaceflight, Virgin Galactic is testing the SpaceShipTwo VSS Unity, a reusable space launch system. The number of customers who paid to reserve places to fly on SpaceShipTwo is already greater than the total number of humans who have ever been to space throughout history. SpaceShipTwo and its carrier aircraft, WhiteKnightTwo, are manufactured and tested in Mojave, California by Virgin Galactic's manufacturing wing, The Spaceship Company. Commercial operations will be based in New Mexico at Spaceport America, the world's first purpose-built commercial spaceport. To learn more or to apply to join Virgin Galactic's talented and growing team, visit virgingalactic.com. The Spaceship Company is Virgin Galactic's wholly owned space-system manufacturing organization. Headquartered at Mojave Air and Space Port in Mojave, California, it is building and testing a fleet of WhiteKnightTwo carrier aircraft and SpaceShipTwo reusable spaceships that, together, form Virgin Galactic's human spaceflight system. Like many Virgin companies across the world, its team of over 330 talented and dedicated engineers, technicians and professionals are drawn together by a willingness to disrupt and challenge the status quo and deliver innovative aerospace solutions to our customers' needs. The Spaceship Company's extensive capabilities encompass preliminary vehicle design and analysis, manufacturing, ground testing, flight testing and post-delivery support. To learn more or to apply to join The Spaceship Company's talented and growing team, visit thespaceshipcompany.com. Please follow SpaceRef on Twitter and Like us on Facebook.