Global Invacom Group Limited Response to Shareholder AGM Questions (7175W)
27 April 2021 - 7:20PM
UK Regulatory
TIDMGINV
RNS Number : 7175W
Global Invacom Group Limited
27 April 2021
Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
Response to Questions Received from a Shareholder
in Relation to the Annual General Meeting
Singapore/London, 27 April 2021 - The Board of Directors (the
"Board") of Global Invacom would like to provide the following
information in response to questions raised by a shareholder in
relation to the Company's Annual General Meeting for the financial
year ended 31 December 2020:
Question 1:
Is the Group contributing to the Starlink project in some
form?
Company's Response:
We prefer not to comment on specific projects generally as they
typically relate to product development and are subject to
confidentiality. However, any material news regarding any and all
projects will be announced in the normal manner.
Question 2:
Are manufacturing operations back at full capacity since
COVID-19 struck?
Company's Response:
After initial COVID-19 lockdowns in many countries, we are
largely back to work in our factories and design centres. We are
however not working at full capacity in our factories as there is a
worldwide shortage of electronic components (mainly semiconductors)
castings, printed circuit boards, transport (shipping and trucks)
and labour (given that some governments are funding employees to
stay at home).
Question 3:
Are there any future growth areas aside from DOS and DTH that
may be promising for the Company?
Company's Response:
There is so much going on in Space industry-related technology
at the moment. As a result, we find ourselves constantly appraising
new opportunities that build on our core competencies.
For further information, please contact:
Global Invacom Group Limited www.globalinvacom.com
Tony Taylor, Executive Chairman via Vigo Communications
Strand Hanson Limited (Nominated Adviser www.strandhanson.co.uk
and Broker)
James Harris / Rob Patrick / Ned Foulkes Tel: +44 20 7409 3494
Vigo Communications (Media & Investor www.vigocomms.com
Relations)
Jeremy Garcia / Charlie Neish Tel: +44 20 7390 0238
ginv@vigocomms.com
About Global Invacom Group Limited
Global Invacom is a fully integrated satellite equipment
provider with sites across Singapore, China, Indonesia,
Philippines, Malaysia, Israel, UK and the US. Its customers include
satellite broadcasters such as Sky Group of the UK and Dish Network
of the USA and Data over Satellite providers including Hughes
Network Systems, Viasat and Gilat Satellite Networks.
Global Invacom provides a full range of satellite ground
equipment including antennas, LNB receivers, transceivers, fibre
distribution equipment, transmitters, switches, and video
distribution components, as well as manufacturing services for the
defence and healthcare sectors. The Group is the world's only
full--service outdoor unit supplier.
Global Invacom is listed on the Mainboard of the Singapore
Exchange Securities Trading Limited and its shares are admitted to
trading on the AIM Market of the London Stock Exchange.
For more information, please refer to www.globalinvacom.com
.
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END
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