Ovzon has secured another contract from Intelsat General Corporation (IGC), U.S. The order is an extension of an existing contract for the OHO-2 satellite communication service until September 2019 and has a value of approx. MUSD 4,2.
”We are very happy to see continued demand for our OHO-2 service. Our goal is to launch our own satellites which has been previously communicated and that will increase the performance and coverage areas significantly. Until our own satellites are up and operational we continue to provide what we believe to be the best service on the market using leased capacity on third party satellites”, comments Per Wahlberg, CEO of Ovzon.
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 person set out below, at 13.30 CET on December 26, 2018.
For further information, please contact:
Per Wahlberg, CEO
Tel: +46 8 508 600 60
Ovzon offers a revolutionary mobile broadband service via satellite combining high bandwidth with highly mobile terminals – offering speeds up to 80 times faster than competing services. Applications include real-time sensor and video upload, either from moving or highly mobile platforms, including small vehicles, small aircraft or UAVs, or directly from users on-site transmitting on-the-go. 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 is the company’s Certified Adviser. Read more on www.ovzon.com