C2SAT SIGNS DISTRIBUTION AGREEMENT WITH A.B.E INZENJERING IN CROATIA
(NGM:C2ST B)
Stockholm, Sweden, 2nd of November 2009 – C2SAT (NGM-Stock Exchange, C2ST), a supplier of maritime VSAT antenna systems, today announced that it has signed a non-exclusive agreement for distribution, service and installation with A.B.E. Inzenjering d.o.o, an integrator of maritime navigation and communication solutions, based in Croatia.
“The demand for reliable satellite communication in the maritime market is growing and it is important for us to meet these requirements. The agreement with C2SAT gives us the possibility to provide our customers with a high performance and robust maritime satellite communications solution”, says Nenad Radovic, Sales Manager A.B.E. Inzenjering d.o.o.
“The agreement with A.B.E. strengthens C2SAT’s presence on the European market and opens up a window to an active ship building market. We are very pleased to partner with A.B.E., which have more than 20 years of experience as systems integrator and is well positioned to service the maritime market with our products,” says Fredrik Nygren, CEO, C2SAT Group.
About A.B.E. Inzenjering d.o.o
A.B.E. Inzenjering d.o.o. is a company established in 1989 by electronic engineers with over twenty-five years of experience in marine applications. The company is situated in the city of Rijeka - the largest marine centre in Croatia. Main activities of the company are sales, installation and service of marine electronics. During years of co-operation with ship owners and shipyards, the company has developed its technical and commercial capabilities that enabled to receive recognition of world shipping registers for installation and maintenance of marine electronic equipment. The company represents the leading manufacturers in their business. (www.abe-inzenjering.hr)
About C2SAT
Headquartered in Solna, Sweden, with a subsidiary in Singapore, and a BSO in Shanghai, China, C2SAT develops, manufactures and supplies innovative 4-axes stabilised VSAT antenna systems that provide vessels in motion with on-line two-way satellite broadband communication. The system is protected by a series of global patents. C2SAT holding AB (publ.) is listed on the NGM Stock Exchange with the ticker C2ST and with Mangold as market maker. C2SAT is a registered trademark. (www.C2SAT.com)
For additional information, please contact:
Peter Jensen Torp, Sales Manager
Dalvägen 16, SE-169 56 Solna, Sweden
Tel: +46 8 748 01 40, peter.jensentorp@C2SAT.se
Lars Davås, CFO & Investor Relations C2SAT
Dalvägen 16, SE-169 56 Solna, Sweden
Tel: +46 8 748 01 40, lars.davas@C2SAT.se
Nenad Radovic, Sales Manager, A.B.E. Inženjering d.o.o
Vodovodna 17, HR-51000 Rijeka Croatia
Tel: +385 51 317 410, n.radovic@abe-inzenjering.hr