ORBIT Receives a $2.4M Follow-On Order for Maritime Satcom Systems from a Leading Global Communications Service Provider
Netanya, Israel, August 15, 2016 – ORBIT Communications Systems Ltd. (TASE: ORBI), a leading provider of precision tracking-based communications solutions and airborne communications management systems, announced today that it has received a follow-on order for several OceanTRx 7-500 Ka-band maritime satellite communication systems from one of the world’s leading satellite communications service providers. The follow-on order, valued at US$2.4 million, will connect customers from the energy sector.
ORBIT’s OceanTRx 7-500 systems provides broadband communications at ultra-high speeds. The OceanTRx family of products supports a wide range of technologies, including support for Ka-band, the primary frequency used in broadband satellite communications today. ORBIT has invested considerable resources in developing and improving its broadband satellite communication systems as evidenced by its many installations worldwide.
“For the past four years we have been a key vendor of maritime satcom systems for this operator and are now pleased to help expand its services to customers in the energy market,” said Eitan Livneh, CEO of ORBIT. “We believe this market segment has great revenue potential for our client and for us.”
“The Ka-band version of OceanTRx provides a significant improvement in traffic speeds. This follow-on order is an additional vote of confidence in the quality and timely delivery of our products. We are actively pursuing other opportunities together with this operator,” he concluded.
ORBIT Communications Systems Ltd. is wholly-focused on precision tracking-based communications – in the areas of satcom, telemetry and remote sensing – and provides an innovative solution for airborne audio management. With certification by defense, government and commercial agencies, we deliver tailor-made, turnkey solutions on land, at sea and in the air. ORBIT’s unique combination of smart design, high reliability and field-tested experience means that if you can conceive it, we can provide it.
OceanTRx is a trademark of ORBIT Communications Systems Ltd.
Gelbart-Kahana Investor Relations
Zuri Dar, email@example.com