RCS - Global Invacom Group - Contract extension: approval to supply new product <Origin Href="QuoteRef">GLOB.SI</Origin>

Global InvacomAnnouncement

06/09/2017 07:07

RNS Number : 8999P
Global Invacom Group Limited
06 September 2017
Global Invacom Receives Approval for Triple-Feed LNB from Major U.S. Satellite TV Broadcaster
London / Singapore, 6 September 2017 - Global Invacom Group Limited ("Global Invacom" or "the Group"), the satellite communications equipment provider listed on the Singapore Exchange and the U.K. AIM Market, has received approval from one of its largest customers, a leading U.S. satellite TV broadcaster (the "Customer"), to supply a new triple-feed Low Noise Block ("LNB") product covering the western U.S. region. 
Global Invacom secured formal approval from the Customer to supply the Western Arc Triple ("WA Triple"), which uses Digital Channel Stacking ("DCSS") technology, on 22 August 2017. The WA Triple is used within a 16-tuner system, which enables a simpler installation with less cabling than other systems. Global Invacom is now one of only two suppliers for this new generation of product to this customer.
Delivery of the triple-feed LNB will begin in September 2017. This follows the EA Twin GenII qualification from October 2016, deliveries of which are currently shipping out to meet strong demand from the market.
The approval enables Global Invacom to supply DCSS-generation LNBs to the west U.S. for the first time, marking a major achievement for the Group and strengthening its position as a leading supplier of cutting-edge Sat Comms equipment. 
The Group has been developing DCSS-generation LNBs since 2014 and expects to deploy the technology across more LNBs, including those in design and pending approval, for other customers and territories. 
**End of Press Release**
For media queries, please contact
Matthew Garner
Chief Financial Officer
Global Invacom Group Limited
8 Temasek Boulevard 
#20-03 Suntec Tower Three 
Singapore 038988
+65 6884 3423
Freeman House
John Roberts Business Park
Canterbury CT5 3BJ
+44 203 053 3523
 
On behalf of Global Invacom Group Limited:
finnCap Ltd (Nominated Adviser and Joint Broker)
Christopher Raggett / Simon Hicks (Corporate Finance) 
Rhys Williams (Corporate Broking and Sales)
+44 207 220 0500
Mirabaud Securities LLP (Joint Broker)
Peter Krens (Equity Capital Markets) 
+44 207 878 3362
Bell Pottinger LLP (UK Financial PR)
David Rydell / Tom Berger
+44 203 772 2556
WeR1 Consultants Pte Ltd (Singapore Financial PR)
Grace Yew, graceyew@wer1.net
Wendy Sim, wendysim@wer1.net
+65 6737 4844
About Global Invacom Group Limited
Global Invacom Group Limited ("Global Invacom") is listed on the Singapore Exchange Securities Trading Limited Mainboard ("SGX-ST") and its shares are admitted to trading on the AIM Market of the London Stock Exchange in the U.K. 
Global Invacom is a fully integrated satellite equipment provider with six manufacturing plants across China, Israel, Malaysia, U.K. and the U.S. Its customers include satellite broadcasters such as BSkyB of the U.K. and Dish Network of the U.S.A. 
On 24 August 2015, Global Invacom completed the acquisition of Global Skyware, a leading U.S. based designer and supplier of satellite antennas products and services for C-band, Ku-band and Ka-band frequency platforms, positioning itself as the world's only full-service outdoor unit supplier.
Global Invacom provides a full range of dish antennas, LNB receivers, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in TV peripherals, computer peripherals, medical, and consumer electronics industries. 
For more information, please refer to www.globalinvacom.com

This information is provided by RNS
The company news service from the London Stock Exchange
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