C2SAT DELIVERS STABILISED VSAT TO THE OIL & GAS INDUSTRY IN NORWAY
(NGM:C2ST B)
STOCKHOLM, SWEDEN, May 5, 2008 – C2SAT (NGM Stock Market Exchange, C2ST), today announces the first partial delivery to the Norwegian Oil & Gas offshore market. The order refers to C2SAT’s Stabilised VSAT model C2SAT 1.2m Ku.
C2SAT and Trac Networks, in co-operation, have delivered the first stabilised VSAT satellite communication solution in a larger purchasing. Trac provides the TracSAT service to be evaluated regarding satellite coverage and global function. The offshore industry’s demand for asymmetric satellite services providing higher bandwidth ship-to-shore, transmitting large volumes of information to headquarter, has a strong growth forecast.
“C2SAT has got the pole position in this purchase since autumn 2007. I am very pleased to proceed to the next level in this business case”, says Mr. Fredrik Hanell, CEO, C2SAT Group.
“The Norwegian Oil & Gas industry is operating in many geographical regions and the need of well performing satellite communication systems, in different kinds of environments, is rapidly growing. This particular project has been planned since autumn 2007 and is tailored according to the customer’s demand. The key feature making C2SAT the winner in the purchase is spelled reliability over price”, says Per Christiansen, Senior Vice President, Trac Networks.
About C2SAT
C2SAT communications AB, headquartered in Solna, Stockholm, Sweden is a world leader of innovative stabilised VSAT antenna systems used in two-way satellite broadband communication from vessels and vehicles in motion. C2SAT holding AB is on the NGM Stock Market Exchange with the ticker C2ST and with Remium as Market Maker. C2SAT is a registered trademark.
About Trac Networks
Trac Networks, located in Bergen, Norway, is a telecom specialised company planning, selling and delivering wireless telecommunication systems to oil related companies.
For additional information about C2SAT please contact:
Fredrik Hånell, CEO, C2SAT Group
Tel: +46 8 748 01 40
fredrik.hanell@C2SAT.se
www.C2SAT.com