C2SAT SIGNS DISTRIBUTION AGREEMENT WITH NEW NAVIGATION IN HONG KONG
Stockholm, Sweden, 15 Feb 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 New Navigation Co Ltd. , based in Hong Kong.
"We are very happy to be a distributor of C2SAT. We believe new markets and applications are creating new opportunities for VSAT providers. C2SAT has done a fantastic job developing quality VSAT antennas. Steady growth is expected due to our cooperation with C2SAT." says Frank Huang, Director of New Navigation Hong Kong.
“We are confident that this relationship with New Navigation will serve to significantly enhance the regional visibility of our excellent products. C2SAT is targeting partnerships with high-profile companies in the maritime satellite market, such as New Navigation, to expand its distribution and service network" says Norbert Hentschel, CEO, C2SAT Asia Pacific (Pte.) Ltd.
About New Navigation
New Navigation Co. Ltd., headquartered in Hong Kong, is acting as the distributor for Raytheon Anschutz Germany and Phontech Norway. New Navigation, which is part of the investment group from Via Marine New Zealand, is playing an important role in supplying marine electronic products for the Hong Kong & China ship-building industry. With its strong backup of well trained technical personnel and with sufficient spares, New Navigation is able to offer qualified and professional service. (www.viamarine.com)
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
Frank Huang, Director of New Navigation
Flat E1, 8/F Yeung Yiu Chung No.8 Industrial Building
No 20 Wang Hoi Road, Kowloon Bay
Kowloon, Hong Kong
Tel: +64 211884611, vm@viamarine.com