C2SAT SIGNS DISTRIBUTION AGREEMENT WITH MASTECH INC. IN THE PHILIPPINES
Stockholm, Sweden, 12 January 2010 – 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 Masters in System and Technology, Inc., based in the Philippines.
“It is my pleasure to announce that C2SAT and MASTECH have signed a non-exclusive agreement to sell and service C2SATs stabilized VSAT antenna systems primarily on the Philippine maritime market. This cooperation will enable us to provide quality satellite communications equipment in the maritime industry, especially the domestic shipping. Likewise we can introuduce the said equipment to the fishing industry in the south” says Reynaldo Tanudtanud, CEO of MASTECH Inc. Philippines.
“We are very excited to enter into this new partnership with such an experienced and well established company like MASTECH. Cultivating sales and services relationships with high-profile companies in the maritime satellite market such as MASTECH is an integral part of our overall growth strategy in this region." says Norbert Hentschel, CEO, C2SAT Asia Pacific (Pte.) Ltd.
About MASTECH
Masters in Systems and Technology, Inc. (MASTECH) is one of the leading suppliers of computer hardware, Information Technology (IT) products and services nationwide. The Company also provides logistics and fulfillment services to vendors and reseller customers. The Company also offers comprehensive maintenance programs such as Preventive Maintenance and On-Call/Corrective Maintenance that shall ensure the clientele of the continuous equipment operation after the expiration of warranty.
The Company is the official representative of Kongsberg Norcontrol Simulation AS, Norway, as the Philippine agent and exclusive distributor of all Norcontrols’ software programs and hardware requirements for the simulation of maritime safety navigation and communication systems with more than 60 installations through out the country including in Asian countries as well.
The Company is likewise the official representative of Seagull AS, Norway, as the Philippine agent and exclusive distributor of all Seagulls’ software programs for the maritime shipping and training. The Company established a cooperation with BASS Sdn Bhd, Malaysia, as the Philippine agent and exclusive distributor of all BASS software solutions: Bass Purchasing ,Bass Accounting, Bass PayNet – Payroll, Bass CrewNet, Star IPS, Bass EasyInfo – Documentation , SAFIR Accident Reporting System.
(www.mastech.com.ph)
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:
Norbert Hentschel, CEO C2SAT Asia Pacific (Pte.) Ltd
201B New Bridge Road, Singapore 059428
Tel: +65 6 225 8826, norbert.hentschel@C2SAT.se
Lars Davås, CFO & Investor Relations
Dalvägen 16, SE-169 56 Solna, Sweden
Tel: +46 8 748 01 40, lars.davas@C2SAT.se
Reynaldo D. Tanudtanud, President & CEO Mastech Inc.
3F Priscilla 100 Building, 2297 Pasong Tamo Ext., Makati City 1231 Philippines
Tel: +63 2 841 0465, rdt@mastech.com.ph