C2SAT ENTERS INTO SATELLITE COMMUNICATIONS EQUIPMENT MARKETING AND SALES AGREEMENT WITH DRS TECHNOLOGIES, INC.
(NGM:C2ST)
STOCKHOLM, SWEDEN, January 11, 2008 – C2SAT (NGM Stock Market Exchange, C2ST), an international provider of advanced shipboard stabilized Satellite communications terminals has entered into a technology licensing agreement with DRS Technologies, Inc. (NYSE: DRS), headquartered in Parsippany, New Jersey. DRS is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide.
Under the terms of the agreement, DRS will market and sell C2SAT’s shipboard stabilized Ku band terminals to the US DOD and government agencies. The four axes stabilized 1.2 to 2.4m antenna terminals utilize proprietary technologies protected by a series of global patents and ruggedized construction designed to meet U.S. MIL-standards, including shock, vibration and EMC.
C2SAT will market and sell DRS Technologies X and Ku band Satellite Communications-On-The-Move (COTM) terminals which provide a similar functionality with .5 to 1m antennas in a smaller ruggedized package for land vehicle and small boat applications.
Fredrik Hånell, C2SAT CEO, said “Our four axes stabilized antenna system has gained significant interest since its official launch early this year, and finding the right partner in the US was essential to pursue upcoming opportunities. We are pleased to partner with DRS, a leading defense technology company that is committed to providing state-of-the-art-communications equipment with a quality reputation in the US defense communities.”
About C2SAT
C2SAT communications AB, headquartered in Solna, Stockholm, Sweden is a world leader of innovative stabilized 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. C2SAT is a registered trademark.
For additional information about C2SAT please contact:
Fredrik Hånell, CEO
C2SAT Group
Dalvägen 16, 169 56 Solna, Sweden
Tel: +46-8-748 01 40
fredrik.hanell@C2SAT.se
www.C2SAT.com