SpeedCast Clinches 2 Contracts from Australia and Malaysia

SpeedCast International Ltd., a global satellite communications and network service provider, has clinched two contracts from customers based in Australia and Malaysia.

Australia's MMA Offshore Ltd. awarded SpeedCast the first contract, which is a multi-year service agreement to provide a high throughput connectivity across the former's global offshore fleet. MMA will use SpeedCast's Ku-band and C-Band global maritime network and value added maritime communication services, which will serve as a One-Stop-Shop for its communication services at sea.

"SpeedCast's global presence can provide us with best-in-class services and support at all our operating locations. This is a great advantage to us as it can streamline our daily operations, improve safety and generate cost savings," Jon Fowler, ICT general manager, MMA, said in the press release.

On Monday, SpeedCast announced that it won a multi-year service agreement from a global oil and gas exploration and production company to provide managed satellite communications services for the latter's offshore sites in Malaysia. Under the deal, SpeedCast will provide managed VSAT network services for the client's Central Processing Platform (CPP) and the Floating Storage and Offloading (FSO) located in Malaysia.

"We are thrilled to have the Customer on board our global VSAT network. SpeedCast field team has been working closely with the Customer to understand their requirements and customize our offering," SpeedCast Senior Vice President, Energy Keith Johnson said in Monday's press release.

"This new win is one more demonstration of our growth in the energy sector as we gain market share ... We are seeing growing traction with heavy-weight players in the energy sector as we have built up and demonstrated our engineering, delivery and operational capabilities to the highest level, thus gaining the required credibility that can now open a lot of new doors," PJ Beylier, CEO of SpeedCast, added.



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