Ovzon and Intelsat today entered into a multi-year $56 million agreement aimed at facilitating the development of Ovzon 3, which is expected to be launched in 2021. Ovzon has developed an end-to-end satellite broadband service. With the addition of the Ovzon 3, it will enable Intelsat, as the anchor customer, to deliver an unrivaled, global high-throughput service on ultra-small terminals.
As provided by the agreement with Ovzon, Intelsat will offer a unique combination of high-speed connectivity with ultra-small terminals as a managed service to U.S. government and other customers. This unrivaled service fulfills a long-standing need for communications on-the-pause, enabling tactical users to collect and share high volumes of critical data gathered in austere and unconnected areas in near real time.
By combining Ovzon’s unique service with Intelsat EpicNG, the company’s global, high-throughput platform, the companies will offer dynamic, global coverage and enable speeds on laptop-sized terminals to reach up to 96Mbps. The advanced on-board processor developed by Ovzon will also enable new functionality such as single-hop communications between the ultra-small terminals and will be a powerful tool to meet challenging communications requirements.
“Ovzon 3 is an important first step towards fulfilling our strategy of global deployment of the high- data throughput service. The partnership with Intelsat serves to confirm the growth in demand for our unique ultra-small VSAT service offering. We are excited to continue working closely with the Intelsat team to fuel future growth for Ovzon and help Intelsat on its mission to drive innovation in fullfilling its customers’ requirements,” said Per Wahlberg, CEO of Ovzon.
”The partnership with Ovzon is a testament to Intelsat’s legacy of innovations, focused on powering global comprehensive connectivity solutions. The unique capabilities of this partnership will push new boundaries by enabling higher speeds from smaller user terminals.” said Samer Halawi, Chief Commercial Officer of Intelsat. ”At Intelsat, we believe strongly that partnerships with like-minded companies will contribute significantly toward realizing universal access to connectivity, resulting in meaningful improvements to the lives of individuals and the transformation of businesses worldwide.”
This information is inside information that Ovzon is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 08.30 CET on April 10, 2019.
Per Wahlberg, CEO
Tel: +46 8 508 600 60
Intelsat Contact :
Director, Corporate Communications
Ovzon offers a revolutionary mobile broadband service via satellite. By combining high bandwidth with highly mobile terminals – service offerings provide speeds up to 80 times faster than competing services. Applications include real-time sensor and video upload, from moving vehicles to include ground or maritime platforms and manned or unmanned aircraft. Ovzon is headquartered in Solna, Sweden and has offices in Tampa, FL and Bethesda, MD in the United States. The share (OVZON) is traded on Nasdaq First North Premier. FNCA Sweden AB, +46(0)8-528 00 399 email@example.com, is the company’s Certified Adviser. Read more on http://www.ovzon.com.
Intelsat S.A. (NYSE: I) operates the world’s first Globalized Network, delivering high-quality, cost-effective video and broadband services anywhere in the world. Intelsat’s Globalized Network combines the world’s largest satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services. Thousands of organizations serving billions of people worldwide rely on Intelsat to provide ubiquitous broadband connectivity, multi-format video broadcasting, secure satellite communications and seamless mobility services. The end result is an entirely new world, one that allows us to envision the impossible, connect without boundaries and transform the ways in which we live. For more information, visit http://www.intelsat.com.