C2SAT SIGNS DISTRIBUTION AGREEMENT WITH VMPC IN VIETNAM
(NGM: C2ST B)
Stockholm, Sweden, 8 June 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 Vien Dong Marine & Petrol Engineering Joint Stock Company (VMPC), based in Ho Chi Minh City, Vietnam.
"Ho Chi Minh City, Vietnam, 8 June 2010 – VMPC (Vien Dong Marine and Petrol Engineering Joint Stock Company, a subsidiary company of VINASHIN, today honorably signed a non- exclusive agreement for distribution, service and installation for VSAT antenna system in Vietnam with C2SAT " says Pham Anh Tuan, Managing Director of VMPC Vietnam.
“We have taken some interest in the Vietnamese market for quite some time now, and now found a suitable partner to engage, distribute and service the C2SAT products in Vietnam. I see a lot of very good opportunities for our VSAT antenna product range, especially in the local Oil & Gas Offshore markets. Together with our new partner VMPC we now have the ability to address a new market for C2SAT." says Norbert Hentschel, CEO, C2SAT Asia Pacific (Pte.) Ltd.
About Vien Dong Marine & Petrol Engineering Joint Stock Company
Headquartered in Ho Chi Minh City, Vien Dong Marine and Petrol Engineering Joint Stock Company was formerly known as Vien Dong Shipbuilding Industry J.S.C. The company is being active in supplying, installation, repairing and maintaining equipment in the Marine and Offshore industry. Over the past four years Vien Dong has carried out a large number of significant contracts related to shipbuilding and offshore projects. With head office in Ho Chi Minh, a subsidiary office in Hanoi, and representative office in Vung Tau and Hai Phong, Vien Dong are able to approach suppliers for many shipyards and offshore suppliers in Vietnam. (www.vinashinviendong.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
Pham Anh Tuan/ Tony Pham, Managing Director
Vien Dong Marine & Petrol Engineering Joint Stock Company
Add: R4-52 Hung Phuoc 4, Nguyen Van Linh Avenue, Tan Phong Ward, Dist. 7, Hochiminh City, Vietnam
Tel:+84 8 5 410 3575, Fax:+84 8 5 410 3576, patuan@vmpc.vn