Global Invacom Group Limited Award of funding for development of user terminal (8819P)
22 October 2021 - 5:00PM
UK Regulatory
TIDMGINV
RNS Number : 8819P
Global Invacom Group Limited
22 October 2021
Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
Award of ESA funding for development of user terminal
Singapore/London, 22 October 2021 - Global Invacom (SGX: QS9)
(AIM: GINV), the global provider of satellite communications
equipment and electronics, is pleased to announce the award of
European Space Agency funding under the Advanced Research in
Telecommunications Systems ("ARTES") programme towards developing a
low-cost Ka-band user terminal and a larger enterprise solution in
partnership with Methera Global Communications Limited ("Methera")
and its subcontractors.
The project is designed to meet Methera's and the wider
industry's needs for connectivity to non-geostationary satellite
orbit ("NGSO") constellations. The aim is to deliver terminals to
market in 2024, offering service providers and operators
constellations to provide affordable satellite broadband to
under-connected global communities.
Global Invacom will leverage its experience in designing and
manufacturing low-cost antennas, Ka-band transceivers and tracking
antenna solutions to design a fully-integrated user terminal,
whilst also holding overall responsibility for system integration
of the custom Application-Specific Integrated Circuit ("ASIC") and
modem from the project partners.
Tony Taylor, Executive Chairman of Global Invacom,
commented:
"This project is a great opportunity for our business, enabling
us to develop our next generation of low-cost tracking terminals
for use with data over satellite on NGSO constellations.
Collaborating with Methera on such an exciting project is testament
to the strength of our partnership that has been in place for over
two years.
With our highly experienced RF, mechanical and software teams,
we are well placed to deliver on both the discrete design packages
and overall system integration ."
At the point of this media release, the project is not expected
to have any material impact on the consolidated net tangible assets
per share and earnings per share of Global Invacom for the current
financial year.
For further information, please contact:
Global Invacom Group Limited www.globalinvacom.com
Tony Taylor, Executive Chairman via Vigo Consulting
Strand Hanson Limited (Nominated Adviser www.strandhanson.co.uk
and Broker)
James Harris / Rob Patrick Tel: +44 20 7409 3494
Vigo Consulting (UK Media & Investor Relations) www.vigoconsulting.com
Jeremy Garcia / Kendall Hill Tel: +44 207 390 0238
ginv@vigoconsulting.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
.
About Methera Global Communications Limited
Based in Oxfordshire, UK, Methera owns a unique constellation of
medium earth orbit ("MEO") satellites that enable customers to
deliver ultrafast and superfast broadband satellite services to
underserved areas of the world. Methera's applications enable the
delivery of fibre speeds to areas of the world where it is
uneconomic or impracticable to build fibre networks, with its
customer base ranging from governments and telecoms companies to
internet services providers.
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