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Leading independent satellite communications company NewSat Limited (NWT) has announced $2.8 million worth of new contract wins. This positive result continues the strong end to 2010 with the previously announced $3 million worth of contracts closed in late 2010. These results were an extremely strong way to finish 2010 for NewSat, a year in which the company announced its maiden EBITDA of $1.6 million, and 25% revenue growth from the previous year.

NewSat Chief Executive Officer Adrian Ballintine said that 2011 is shaping up to continue this exciting period for NewSat. “Such a positive end to the 2010 calendar year, coupled with these recent contract wins, sets us up well for 2011,” Mr Ballintine said. “The Jabiru Satellite program, as announced at the 2010 Annual General Meeting, combined with our strong results makes this an exciting period of opportunity and growth for NewSat.” “While these new contract wins are fantastic for NewSat, the opportunity to provide services to projects of such a varying nature also gives us the opportunity to demonstrate our flexibility and our industry-leading level of expertise,” Mr Ballintine said. “This expertise and experience, combined with our continual growth, leaves us well placed to make the transition from successful satellite solutions provider to satellite operator, Australia’s first, with the launch of Jabiru-1, in the coming years.”

The combined $2.8 million worth of new contract wins include the recent $2 million contract with Nixon Communications, providing services to four major camps along the new liquefied natural gas pipeline being built between Chinchilla and Gladstone in Queensland. $800,000 of additional contract revenue will come from multiple Australian and international resource projects. With the $3 million of new contracts from late 2010, NewSat’s combined contract wins are closing in on $6 million over the last couple of months.

NewSat Limited is Australia’s largest specialist provider of satellite capacity delivering voice, data and video communications via satellite. With its unique to Australia teleport infrastructure in Perth and Adelaide, NewSat provides a full range of managed satellite communication services and has established a reputation as the partner of choice for governments, corporations and private enterprises. Today, NewSat has the ability to provide coverage to 75% of the globe; from Australia, Asia, the Middle East, Africa, across the Indian Ocean extending into Europe and across the Pacific Ocean, reaching into the west coast of the USA.

www.newsat.com

http://www.traderdealer.com.au/Fundamentals/nwt

Leading independent satellite communications company NewSat Limited have signed a contract with Nixon Communications to provide communications services to two major construction projects in Queensland. Two new major liquefied natural gas (LNG) pipelines will run between Roma and Morven gas fields, with construction commencing in July 2010. NewSat will provide communications via satellite to Nixon’s infrastructure at three major camps along the pipeline as well as to three smaller construction camps. The service will be used by Nixon Communications to meet the project’s operational and administrative requirements. Over 300 project personnel will have access to high speed internet, voice and data services. This new contract will provide over $1 million in revenue to NewSat over the next 12 months. This comes during a period of sustained strong performances for NewSat. The current quarter is well on target to be NewSat’s eighth successive quarter of delivering over plan.

NewSat (NWT) has a long standing relationship with Nixon Communications, who provide remote communication services specifically designed for construction projects, area wide communication networks and preventative maintenance and emergency callout. Nixon provides communication systems to major commercial, construction and mining projects throughout Central Queensland, Australia, New Guinea, Asia and the Solomon Islands.

NewSat Limited has evolved to become Australia’s largest independently operated Satellite Communications Company. Our head office is located in Melbourne, Australia – with major facilities in Perth and Adelaide, Australia. Over the years, NewSat has developed a world-renowned reputation for providing a full range of managed satellite communication services including Telemetry Tracking & Control (TT&C) and Carrier Service Monitoring (CSM) – from its Teleports in Perth and Adelaide , Australia. Today, NewSat has the ability to reach 75% of the globe including Australia, Asia, the Middle East, Africa, across the Indian Ocean extending into Europe and Perth across the Pacific Ocean, reaching into the West Coast of the USA.

www.newsat.com