The NewSat Limited (ASX:NWT) (OTC:NWTLY) Board of Directors is pleased to report the Group performance for the half-year ending 31 December 2009. As announced to the market during the period by the Directors, the business has turned an EBITDA profit for the 6 months with every key financial metric improving significantly in comparison with the corresponding period.
Utilising the latest generation satellite and VSAT technology, NewSat offers end-toend, affordable, high-speed, two-way satellite broadband communication services, products and solutions to broadcasters, cable programmers, news agencies, telecommunication carriers, Internet service providers, corporations, governments and distance-learning networks. In addition, NewSat Networks operates multiple Broadband IP Services based on technologies developed by ViaSat, Gilat, Hughes, Comtech and iDirect.
Services are available on a wide range of satellites accessible from the Perth and Adelaide facilities. Antenna sizes ranging from 3.7 to 13m are available in addition to all the necessary RF and conversion equipment. Customers may co-locate equipment in these facilities, or NewSat can provide an end-to-end service.
Australian stocks rose Wednesday following encouraging earnings result from media group News Corp. At the close, the benchmark S&P/ASX200 index gained 42.6 points, or 0.9 per cent, at 4647.9, while the broader All Ordinaries index rose 44.4 points, or 1 per cent, to 4673.2.
NewSat Limited (ASX:NWT) Updates On The Passage To Launch Date For Australia's First Independent Next Generation Satellite Jabiru-1
Australia's leading independent Satellite Communications Company, NewSat Limited (ASX:NWT) (OTC:NWTLY), is pleased to provide an update on the passage to launch Australia's first Independent Next Generation Satellite program.
Australia's leading independent Satellite Communications Company, NewSat Limited (ASX:NWT) (OTC:NWTLY), wishes to advise the market of its ongoing interest to participate in the National Broadband Network (NBN).
ABN Newswire stocks to watch today include: Carpentaria Exploration Limited (ASX:CAP), Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Murchison Metals Limited (ASX:MMX) (PINK:MUMTF), Bandanna Energy Limited (ASX:BND), Focus Minerals Limited (ASX:FML) and Metallica Minerals Ltd (ASX:MLM).
NewSat Limited (ASX:NWT) (OTC:NWTLY) announces the launch of a Share Purchase Plan (SPP) to raise up to A$5,000,000 by allowing eligible shareholders the opportunity to subscribe for additional shares in NewSat.
ABN Newswire stocks to watch today include: NewSat Limited (ASX:NWT) (OTC:NWTLY), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), iSOFT Group Limited (ASX:ISF) and Beach Energy Limited (ASX:BPT).
As part of NewSat Limited's (ASX:NWT) (OTC:NWTLY) continuous disclosure obligations, the company advises the market of the following new developments. NewSat has entered the second half of FY10 with monthly annuity contract revenue in excess of 1.9 million dollars as a result of two new contract additions.
ABN Newswire Stocks to Watch today include: iSOFT Group Limited (ASX:ISF), Mt Isa Metals Limited (ASX:MET), Rex Minerals Limited (ASX:RXM), NewSat Limited (ASX:NWT) (PINK:NWTLY), Carbon Energy Limited (ASX:CNX) (PINK:CNXAF), Linc Energy Limited (ASX:LNC) (PINK:LNCGY) and Beach Energy Limited (ASX:BPT) (PINK:BEPTF).
NewSat Limited (ASX:NWT) (PINK:NWTLY) Australia's largest independent satellite communications company is in the process of completing another quarter of record growth. This ensures that this half year is NewSats best ever.