Kuala Lumpur, Malaysia (ABN Newswire) - SpeedCast International Limited (ASX:SDA), a leading global satellite communications and network service provider, today announced that it has been awarded a multi-year service agreement by a leading global energy company engaged in the exploration and production of crude oil and natural gas ("the Customer"), to provide managed satellite communications services for the Customer's offshore sites in Malaysia.

Under the service agreement, SpeedCast will provide managed VSAT network services for the Customer's Central Processing Platform (CPP) and the Floating Storage and Offloading (FSO) located in Malaysia. The CPP and FSO will share bandwidth dynamically with stringent QoS control, resulting in an efficient allocation of bandwidth to mission critical applications among the sites.

"We are thrilled to have the Customer on board our global VSAT network. SpeedCast field team has been working closely with the Customer to understand their requirements and customize our offering. Our extensive track record in providing advanced VSAT solutions across the globe for prestigious energy clients, and particularly offshore Malaysia with significant field support capabilities, make us stand out from our competition," said Keith Johnson, Senior Vice President, Energy of SpeedCast. "At SpeedCast, we greatly value and appreciate building a long-standing relationship with our customers, fulfilling their communications and IT requirements everywhere they operate." Mr. Johnson added.

This new win is one more demonstration of our growth in the energy sector as we gain market share." PJ Beylier, CEO of SpeedCast, emphasized. "We are seeing growing traction with heavy-weight players in the energy sector as we have built up and demonstrated our engineering, delivery and operational capabilities to the highest level, thus gaining the required credibility that can now open a lot of new doors" He added.



About Speedcast International Ltd:

SpeedCast International Ltd (ASX:SDA) is a leading global satellite communications and network service provider, offering high-quality managed network services in over 90 countries and a global maritime network serving customers worldwide. With a worldwide network of 40 sales and support offices and 39 teleport operations, SpeedCast has a unique infrastructure to serve the requirements of customers globally. With over 5,000 links on land and at sea supporting mission critical applications, SpeedCast has distinguished itself with a strong operational expertise and a highly efficient support organization. For more information, visit www.speedcast.com.



Source:

Speedcast International Ltd



Contact:

Clara So
SpeedCast International Limited
Phone: +852-3919-6800
Email: clara.so@speedcast.com