NewSat (NWT) has delivered another strong quarter for the period ending 31st March, 2009 with an increase in revenue of approximately 40% over the corresponding period last year, and exceeding this year’s ambitious targets.
Significant recent wins include a 5 year extension of NewSat’s contract with NSW fire brigade for general telecommunication services as well as 25 new general contracts with international resellers who target the mining industry. In addition NewSat has been awarded 2 new TT&C contracts (satellite tracking) with the world’s largest satellite provider SES/NSS. NewSat continues to support in the order of $3 billion worth of space infrastructure through its world class TT&C teleport assets. Oil, gas and mining business ranks alongside military as the company’s staple business. NewSat continues to build strong partnerships with “blue chip” corporations and internationally recognized Telcos.
This quarter promises much, with a strong sales pipeline and an increasing annuity revenue stream.
Tags: NewSat, NWT, Revenue Growth
